Tuesday, September 18, 2007

What I did with my 18% raise

I recently received an raise that was higher than expected. I knew that I was being promoted. I had been expecting approximately an 11% raise based on what I knew of the pay scale at the higher level. I also had it in my mind that if I didn't receive a promotion and a raise similar to my expectations, I would be looking for a new job.

Lucky for me, my boss came through for me and was able to deliver the promotion as expected with even more money than I was expecting. How often does that happen?

Anyways, in order to celebrate my promotion and higher salary, I decided to re-allocate my automatic savings. The end result? I now get about $100 less per paycheck into my checking account to cover our living expenses. I have ALL of my raise and an additional $100 per paycheck going to my 401K, our emergency fund, and our house saving fund. I get a thrill as I see our house saving fund increase. I can't wait until we have enough saved to be homeowners!

6 comments:

the baglady said...

Hey There! Congrats on your humongous raise and promotion! Good luck in the future!

mapgirl said...

Wonderful!

SavingDiva said...

Congratulations on your raise! It's great to see that you're using it wisely.

Adventures In Money Making said...

wise decision! congrats on the promotion.

Fabulously Broke in the City said...

Congrats!!

That's what I'm going to do with my raise too :)

ChampDog said...

Congratulation! 18% is a lot.