Awesome news today……my fiance received a raise at work!! Woo hoo! Now the graphic may be a little misleading because we are not swimming in cash all of a sudden. Although that would be nice. Her total raise amounts to 2% starting immediately.
In dollar terms, she is now earning an extra $600 per year, for a total of $30,600 in yearly salary. Broken down further, we will see a $50/month increase in her gross paycheck.
Not earth-shattering, but every little bit counts and it should be reason to celebrate any time we receive an increase. Between the two of us, this is our FIRST raise since graduating college. And all the more exciting is that she has not worked at her company for a full year. She has only been full-time for 9 months.
The raise was completely unexpected too. Performance reviews and merit raises are still several months away. But my fiance was recognized as a hard worker, quick learner, and overall productive employee. Her manager felt a raise was warranted as a way to say “keep up the good work”.
Our overall budget will not change much. As I mentioned above, this will be an increase of $50/month to her gross paycheck. When you take out taxes, social security, medicare, and 401k contributions — the actual net increase to her paycheck will be…
Note From Author
The full “Fiance Gets Raise At Work” post has been back-dated to 3/22/2006. But it was originally published to the Financial Independence Champion (FIChampion.com) Blog on 08/17/2016.
Why Back-Date Posts?
I mentioned in my first post how this blog will be a little different than any other ones you may follow. I still plan to talk about personal finance, rental property, travel, and the pursuit of financial independence. But to give all these topics the right context and the full picture, I need to start at the beginning. I need to fill in the details of life from 2005 until now. I want you to see the successes, the struggles, and all the milestones we passed along the way. Therefore most of the “new” content will be back-dated to their appropriate dates in 2005, 2006, and beyond — until we’re caught up!