11/19/2009

...an update on my recent raise

Last month I wrote about the raise I received which was effective on October 3, 2009. I guessed at what my income would be, and even shared what my first new pay cheque looked like, but now that I have had a few, I thought I would share what my income looks like now.

My benefit premiums are split over two pay periods each month, dental comes off of each and my Long Term Disability premiums come off the second.  Due to this, each pay is not the same. My pay is now $1320.52 and $1,289.93 or $2,610.45/month.  This is true for 10 months out of the year.  Two months out of the year, I receive three pays.  During these months, on the third pay period, no benefit premiums will be deducted and my pay will be $1,333.87.

My net increase in pay, each month, was $95.  That said, on October 1, 2009 our benefit premiums actually increased slightly, so my net pay increase after that is considered, is actually $90.50. Not too shabby during a recession.
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8 comments:

  1. Not shabby at all, and April will be here before you know it.

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  2. Looking forward to that, I'm dreaming of a number that starts with a 5

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  3. More money is always good. Congrats on a recession raise. I think we're all a little jealous :)

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  4. and what do you plan on doing with that $90.50. Acting like it is not given to you and directing it automatically to a debt payment or savings account? Hmmm... ;)

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  5. @ Money Funk - It's been absorbed into reaching various goals as well as debt repayment.

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  6. So what are you doing with the difference between the two paychecks?

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  7. When I do up my bi-weekly budgets, if there is any 'extra' it will go straight to my student loans :)

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  8. Any increase is a good increase in my book :)

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