Here's what's on our mind.
Last year according to our credit cards we used Uber over 150 times for transportation for work in Miami and in many other cities. This year will be close to 200 trips. The difference between tipping $2.00 and $5.00 per trip is a savings of (or expenditure of) $600.00.
We use Instacart and food delivery services several times a week. Again, the difference between tipping 10% and 20% is over a thousand dollars a year.
We live in a service economy. We use Instacart and Uber Eats because we can make more on a hourly basis working, then shopping or eating lunch or dinner out. So should it matter if we tip an extra ten dollars? But those ten dollars add up to thousands over time.
Someone as successful as Kevin "Mr. Wonderful" O'Leary, a billionaire, proudly calculates that he can brew a cup of morning coffee for 20 cents and saves and invests the $2.50 Starbucks charges.
So perhaps it pays to be a bit parsimonious.
But it's not in our nature.
So what do you tip?
Why Kevin O'Leary refuses to spend his money on fancy coffee from CNBC.