Did anyone get a raise July 1st?
Does anyone budget off their old salary and just safe the amount of money from the raise?
We got a cost of living raise. I think it's 3%.
We had to ask. It had been years so its a 10% raise but YES we just got one.
There are things I have in my budget that I have not been able to cover. I think our number one addition to the budget is Life Insurance. Not a whole lot but a small term policy for us would give us more security in the event of what if.
Other than that my budget is staying the same. More money means more progress on consumer debt. We have at current $4500 in CC debt and $6000 left to pay off a car. We also owe my parent $600 and I hate owing them. So no budget changes and extra savings yet. Plan is to be $1000 down every 12 weeks.
Hubby got a raise with his annual review which happens to be in June because he started in June of last year. He also will be getting a profit sharing bonus in August - that money is going toward tires and brakes on my van. My husband's net pay fluctuates so significantly due to over-time, a 1%-3% raise is hardly noticeable. We budget for the minimum check then put money toward extra-ordinary expenses (like furniture or tools that we couldn't bring with us in the move). Right now we're itching for a lawn-mower and a hitch on my van.
DH is a federal government employee so no, no real raises here for at least a few years. Thank you Congress! But, August is his annual review and he will get what they call a step increase. He goes up a level and it has more pay so we will get that. He MIGHT get a cost of living raise in January but you just never know with the government and it never actually covers the increase in cost of living around here.