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Chapter 1: What are the issues with high tipping screens?
Live from the headquarters of Ramsey Solutions, broadcasting from the Pods Moving and Storage Studio, it's The Ramsey Show, where America hangs out to have a conversation about your life and your money. I'm Ramsey personality, George Campbell, joined by my good friend, Jade Warshaw, and we're taking your calls at 888-825-5225. That's 888-825-5225.
Well, Jade, I want to start off the show with something that grinds my gears. Can we do that? Let's do it, George. And that is the iPad tipping screens. Can we all agree we need to be done with those?
Thank God somebody said something, George.
So Rachel Cruz and I, we've got our Smart Money Happy Hour podcast, and the most popular episode we've ever done was called Guilt Tipping.
I listened to it.
All about the tipping culture in today's, in America especially. This is not a problem in Europe, apparently. I hope it doesn't spread over there.
No, that's not the culture at all.
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Chapter 2: Should I consider a cash-out refinance for my home?
You don't, matter of fact, it's kind of like frowned upon.
It's like if it was amazing, you give them a little bit.
Yeah, sure, sure.
Because you get a living wage. But here in America, we decided, no, make the people tip when you just ordered your black coffee and they spin around the iPad and they start complimenting you. Yeah. And you subconsciously feel guilty and go, the options are 20%, 40% and 1000% tip. I don't know that I feel guilty, George. Well, you're a better person.
I think I feel more irritated. Well, I now hit no tip exclamatory. They need to put an exclamation point. No tip exclamation point.
Now, let's be clear. We're all about generosity here.
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Chapter 3: What are the differences between the debt snowball and avalanche methods?
We're not talking about not tipping your servers, not tipping your barbers. We are talking about those little iPads when you are sitting there and someone just rang you up and you've got no service or food yet. That's right. And they're saying, how much do you want to tip? And the preset amounts keep increasing.
20%, 22%. One time there was one that was 33%. I saw this with my own brown eyeballs.
now here's the thing and and you said it george this is this is very we have to be crystal clear for the people restaurant service places where you're not earning your your hourly wage your hourly wage is tips we support you matter of fact tip those people 25 tip them as much as you can and if you can't do that then please don't go don't go out don't go out to eat but i'm talking about i bought a salad and i haven't even gotten to see yet did you make it with no bacon like i asked
I'll take the bacon, Jade. Please don't ever waste bacon.
Yeah, you know, I'll get a little side. You can have the little side thing of bacon, George.
Well, there's an article here. This is spreading now, like wildfire.
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Chapter 4: Is it better to rent before buying a home in a new city?
The Hill covered this. Here's their headline. Why are the default tipping screens set so high? And of course, they start the article with a very clever line. Have we reached a tipping point?
Very clever. That sounds like something you might say.
We should have stolen that. That's good.
I like this part. It says it's hard to know for sure whether more establishments are accepting or soliciting tips than, say, a decade ago. It's not hard to tell. It's not hard. Everywhere you go, there's that little iPad. It doesn't matter if it's coffee, salad.
Chapter 5: How can I invest after selling real estate?
It doesn't matter where you go. It's not hard to tell.
It's these quick service type places, especially, that are guilty of this. And here's a quote. People think it's manipulative. They resent it. And their perceptions of service go down. And there is guilt involved. There's one ice cream place locally. I won't mention the name because I'm a big fan of their ice cream.
I know what you're talking about.
The service isn't great, but all of a sudden when they ring you up, they get real chatty and real nice.
Okay.
I don't like that. They start complimenting me as they're turning around.
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Chapter 6: What should I do with my wedding debt of $112,000?
Hey, how's your day going? Oh, that's good to hear. I love that shirt. Love those glasses. Huh.
You don't believe that they love your shirt and glasses?
No, I believe they want to get in my mind subconsciously while I'm trying to choose a tip. Nefarious. Gross.
Man, you know, here's where I'm at with this, George. And this is my personal take. And here's why I get frustrated slash irritated. We already have inflation, right? Which is already built into the cost of our food. Not just groceries, people.
Chapter 7: How can I balance paying off debt with building wealth?
When you go to the restaurants, it's there. And we know that that rate's somewhere around 11.4%. Then you've got the tip, 20%. And then for you people out there who are using credit cards.
Uh-oh.
I hope you're not. The average credit card interest rate, 19.20%. George, do you see what I'm getting at here?
I just threw up in my mouth a little.
Do you see where I'm getting at? We're, not me, because your girl's not using credit cards.
We're not doing that.
But the people out there who are engaging in that way of life, they're paying a premium of over 50%. That's why the tip screen, I got to just say no.
Just say no.
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Chapter 8: What steps should I take to prepare for homeownership?
If you want to hear more on this topic, go check out that Smart Money Happy Hour episode called Guilt Tipping, How to Deal with an Absurd Tipping Culture. You can just search Smart Money Happy Hour wherever you listen to podcasts. And if you're calling in today, we'd love to hear your thoughts on tipping culture. And if you're an iPad tipper, and if you are, why did you choose to do that?
Because you're just perpetuating the problem at that point. Yeah. Well, you could budget for it. That is true. There's that. And I'm not saying I never do it, but I'm saying in general, if there was no service provided, it's a no tip for me.
I'd rather save it for the food service workers.
Amen. Alright, it's your calls, 888-825-5225. Tara joins us in Albuquerque. Tara, welcome to The Ramsey Show.
Hi, thank you for having me.
Absolutely. How can we help today?
Okay, so I have to refinance my house. I'm going to take $10,000 from my refinance to pay off my car because I can't afford refinancing and a car payment. But I was wondering if I should take out the additional $40,000 for a down payment on a new house so I can make my current home a rental property as another source of income.
Okay, a lot going on here. So what is causing you to refinance in the first place?
I'm going through a divorce.
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