tipflation noun [U]
/ˌtɪpˈfleɪ.ʃən/
the increase in the amount of money that people are expected to give as a tip
An increase in tipping has come as part of a post covid world, and gratitude is not the only reason for the rise. A change in the way we live (and hygiene concerns) has played its part in forming tipflation. Human interaction in the hospitality sector reduced massively and now we have mostly moved to ordering, paying and tipping for food digitally.
[kiplinger.com, 11 May 2023]
doom spending noun [U]
/ˈduːm ˌspen.dɪŋ/
the activity of spending money on luxury items to distract yourself from worrying about the economy and world events
All signs point to “doom spending” being a reckless and unwise decision, but it does feel fun to self-soothe via unnecessary purchases. And it’s a problem many Americans have. Despite inflation and high interest rates, the National Retail Federation reported that holiday shopping reached record highs last year, at a cool $964.4bn.
[theguardian.com, 31 January 2024]
loud budgeting noun [U]
/ˌlaʊd ˈbʌdʒ.ɪ.tɪŋ/
the practice of being open and honest with other people about wanting to save money and not spending it if you do not want to
The loud budgeting movement exploded on TikTok earlier this year, and it’s easy to see why. Loud budgeting is all about setting financial boundaries and making your money goals loud and clear when facing pressure to spend. Loud budgeting is a financial strategy that puts your money aspirations front and center for friends and family to see. It involves clearly vocalizing why you might choose not to spend money — even if you have it.
[cnet.com, 17 February 2024]