5 New Money Etiquette Rules You Should Follow

Money may not automatically make you a magician, but there are ways you can – and should – have good manners when it comes to money.

This is according to the latest version of emily post etiquetteAnd the A century-old authority on how to navigate everyday life with grace and etiquette. You won’t find any hot tips for balancing books on your head or kissing a suitor’s hand Bridgeton-Pattern in the 2022 edition, but offers tips on how to handle modern financial situations with class.

The centenary edition of the Gold Standard Etiquette Guide from Lizzie Post and Daniel Post Senning, great-grandchildren of the guide’s original writer and socialite Emily Post, provides insight into topics such as salary discussion and gift acceptance.

Here are some modern financial rules for the just released book.

1. Talk about money

Gone are the days of being silent about how much money you make and avoiding sharing information about finances. The posts say that you should not only ask questions about salaries etc., but also strive to engage in discussions about personal finance. It can empower others and help everyone better understand wealth.

However, according to the guide, you must remain sensitive. Your money – and other people’s – is still personal, so remember that there is a difference between talking to your friends about what investment applications They use and prefer about what’s inside of them conservative.

“By not discussing money, equality and empowerment can be affected,” the posts wrote. When approaching the topic of money, try to bring it up tactfully. “I’m looking forward to getting a better idea of ​​what the salaries for my job look like in this market, would you be willing to discuss it?” It is more polite than, “What are you making? Engagement isn’t that great.”

2. Don’t ask for gifts on Venmo

Everyone loves to receive money as a gift, so forget the old opinions that it is inappropriate and impersonal to give (or accept) a card full of cash, the publications say. But don’t start handing out a Venmo handle to your wedding guests.

While it may be more convenient for you to have direct contributions to your personal bank account, it is difficult, and not everyone knows how to use digital payment platforms (read: don’t make your grandparents learn how to use PayPal). “Offering multiple ways to share is always a good idea when gifts are expected,” the posts say.

And a tip for the giver: If you choose to send an e-gift card or a digital wedding gift, add a card or note. A little customization goes a long way.

3. Be transparent about financial expectations with roommates

Roommates’ arguments about bills don’t make the house happy. Have positive and productive conversations on a regular basis about family financial issues and set expectations before tensions arise.

Being clear and direct about lease agreements, security deposits, and shared supplies and utilities can help prevent any future grief. If money-related things become an issue with your roommates, the posts urge you to strive for a solution, such as a repayment schedule, quickly.

It can be difficult for people to talk about financial issues. Conversations about money should be open, honest and approached tactfully,” they wrote. “Obviously getting started will help you move forward in the right direction.”

4. It shouldn’t be weird to receive a check

Post’s original 1922 advice called paying a group restaurant bill “embarrassing,” but her grandchildren say that’s no big deal these days.

“People are aware of the fact that someone will have to foot the bill for the meal and are not at all shy about it. However, Emily’s points of not making a show by confining everything in front of guests, leaving a tip, is still appropriate today,” the posts wrote.

One simple way to handle a restaurant bill is to pay one person and reimburse the other guests for them. Separate checks are fine too, as long as you make sure to tell your server before ordering – and understand if the restaurant can’t split the bill.

If the guest does not order much or drinks alcohol, it is polite to speak on their behalf and adjust payment expectations accordingly. As for the age-old question of how to pay for a meal on a date? There is nothing wrong with offering the treat, but respect the date’s request to split the bill.

5. Always tweak waiters and drivers

Speaking of restaurants, one rule that hasn’t changed since the Roaring Twenties is that abbreviating your server or driver is very uncommon. The standard tip should be 15%-20% of the bill for servers and 10%-20% for taxi drivers – no requirement or reservations about that.

This means, yes, you have to pay after using Uber, Lyft, or other shared rides.

“Don’t stress your driver over a tip,” the posts wrote. “For ride sharing, you can also leave a rating, and always remember the importance of good etiquette, and don’t forget that your driver can rate you too!”

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To celebrate our 50th anniversary, we’ve combed through our print magazines over the decades to find hidden gems, great stories, and vintage personal financial advice that has stood the test of time. Dive into the archives with us.


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