Saturday, December 29, 2018

Income Increase






Hi Everyone, I hope you had a wonderful holiday.  I am still on vacation and enjoying my time off.  I hope to be able to get back to reading and commenting on my favorite blogs soon.  (For some reason the comments from my phone will not post??) 

I just wanted to pop in very quickly and post about my raise. My boss called me on the second day of my vacation to let me know that I am getting a raise starting January 1, 2019.  My salary will now be $90,000 (up from $85,850)  I received my last raise in August of 2017 ($80,850 to $85,850) so I am pleased about the increase in income.  Based on the online calculators, I should receive an extra $118 per paycheck (an increase of $236 per month).  I need to figure out what I want to do with the increase in income for the 2019 year.  Probably a combination of mortgage pay down and savings. 

8 comments:

  1. Congrats on the raise! That's wonderful. I'd prolly do mortgage principle pay down and throw a chunk into retirement myself if I was in your position. 8-))

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    1. I think that's exactly what I am going to do!

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  2. Congrats! What a great way to end the year and start the new one!

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  3. Congratulations! I would do just what you are thinking - add to retirement and pay down the mortgage a bit more. That PMI will be gone soon!

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    1. Thank you! I can't wait for the PMI to drop off, only about 6 more months!

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  4. Congratulations! I agree with Sluggy's suggestion!

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