# Tip Calculator to Calculate Gratuity and Split the Check Fairly Among Singles, Couples, and Families

This interactive gratuity calculator will first calculate the total tip amount based on the amount of the check and on your preferred tip percentage.

Next, if there are two or more parties paying separately, the calculator will also split the check, tip, and total bill equally among all parties.

Plus, the calculator will even split the check, tip, and total based on the relative size of each party.

And finally, the calculator also includes a feature to allow you to round any of the amounts up or down to the nearest dollar.

## Tip Calculator

Calculate tip and split the check fairly, even if parties vary in size!

Special Instructions

#### Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Check total:Check total:Total check:Total check including tax:

#### Check:

Enter the total dollar amount of the check including sales tax.

 \$ Total check including sales tax
Tip percentage:

#### Tip Percentage:

Tap on a percentage you would like to add as a tip. Press "Other" if you would like to enter a custom percentage.

Tip:Tip amount:Total tip amount:Calculated total tip amount:

#### Tip amount:

This is the total tip based on the entered check total and tip percentage. Note that this field will automatically recalculate as you enter or change the check total and tip percentage.

\$0.00
Total w/tip:Total with tip:Total check with tip:Total check including tip:

#### Total amount:

This is the combined total of the check amount and the tip amount. Note that this field will automatically recalculate as you enter or change the check total and tip percentage.

\$0.00
Split:Split ways:Number of parties:Number of parties paying separately:

#### Split:

Select the number of parties paying separately. This will generate an interactive chart beneath the calculator showing the check, tip, and total share for each party. The chart will also include a field where you can specify how many individuals are in each party. The tip calculator will recalculate each party's share based on the size of their party relative to all other parties.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

## Learn

### The hidden opportunity costs of dining out.

#### The Hidden Opportunity Costs of Dining Out

Did you know that you can typically purchase the ingredients of a restaurant-prepared meal for 60-80% less than the restaurant will charge you for the meal?

And that's doesn't even account for the tip that's added on top of that!

How do I know? Because ... I owned a restaurant for seven years!

During that time our food cost as a percentage of the menu price typically ran 22% for breakfast, 33% for lunch items, and 40% for supper items.

So what's so bad about that? Well, nothing if you only dine out on special occasions. Unfortunately, that is not the case for most people.

And while you might be aware of how much you spend dining out, what you might not be aware of is the opportunity cost of your spending.

Opportunity cost refers to the value of what you give up when choosing one alternative over another. As it relates to the subject of dining out, opportunity cost refers to the value of what you give up by choosing to dine out instead of choosing to prepare the meal at home.

When you choose dining out over dining in, you automatically give up the right to purchase anything the added cost could have purchased. And what else could you have purchased with that added cost?

An Investment!

"No big deal" you say? Adjust the following selections to reflect your situation and then read the eye-opening customized text that follows the form.

I dine out
 times5
time(s) per spending an average of
 average8
dollars per meal, including my normal
 tip15
percent tip. I plan to retire in
 years20
years and I expect to earn
 ROI6
percent on my investments.

If you continue your present dining out routine, by the time you reach retirement age you will have spent a total of \$41,600 on dining out -- \$5,426 of which represents tips alone. But that's just the "tip" of the opportunity cost iceberg.

If instead of dining out you chose to prepare all your meals at home and take bag lunches to work, you could save as much as \$29,120 over the course of the next 20 years (assuming you can buy the at-home ingredients for 30% of the dining-out cost).

Then, if you invested the savings on a monthly basis and earned a 6% return, by the time you reach retirement age your dining-at-home savings account would be worth \$56,341.

Finally, if you converted your savings into a retirement annuity you could withdraw \$626 per month for 10 years, bringing the total opportunity cost of your dining out to \$75,060.

Now I'm not trying to talk you into never dining out again. Instead I simply want to make sure you are aware of what you are giving up in the process. After all, part of making wise financial decisions is to know ahead of time whether or not the benefits outweigh the costs.

The problem is, sellers only make you aware of the benefits, not the hidden costs. That's where I hope to be of some assistance.

#### Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

#### Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

#### Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.