Last week, my team lead let me know that they were giving me a pay increase to remain a competitive salary. It was increased $4,500!
My current position is one of experience in a newly designed compliance area. Hiring and training in this position is time consuming and expensive. If you remember, I was just hired in April.
There are other companies attempting to build departments like mine and to entice us to not jump ship (which I wasn't considering), they authorized a salary increase.
To think, this time last year, I was making a whole $19,000 less than I am today. In my excitement, the first thing I did was redo a budget to increase my snowball/savings!
When I changed jobs, I increased medical savings, and my grocery and entertainment expenses a bit. So with this increase, I am now saving over $1000 per month which will go towards savings and debt.
My pay also went from 24 times a month to 26, so those 2 extra paychecks will go towards debt/savings as well!
Once my fiancée and I hit our Wedding savings goals, all of the funds will go towards debt! SO excited!
Received a Competitive Raise!
September 28th, 2013 at 06:48 pm
September 28th, 2013 at 06:53 pm 1380394417
September 28th, 2013 at 08:51 pm 1380401487
September 28th, 2013 at 09:38 pm 1380404300
September 29th, 2013 at 09:28 pm 1380490106