He's going from $44,400 to $50,000.
It's going to be a two part raise - the first he's already received, so he's up to $48,000 now and in October, he'll get the last bump up to $50K.
I've already started playing with the budget to see where we can but his raise so it does the most amount of work for us - but we haven't decided on anything yet.
Quite a bit of this is the same as always - bills listed under fixed expenses (Mortgage, Utilities, Car payment, insurance, taxes, cell phones ect). You may or may not recall that Jordan and I have two chequing accounts. Once is for all of the above mentioned expenses, and the other is for our day-to-day spending - things like groceries, gas, haircuts, clothes ect. It's like our 'jars' but it's one pot attached to a debit card. That's the monthly spending line. It's been $1,200 which has felt pretty tight - often leaving us reaching for the MasterCard if we take a single extra trip outside of driving to and from work - needing gas money. I think $1,600 is probably too much to start with - but I was just playing with numbers.
Anyways - personal allowances are the same.
Changes are in the variable savings items - including a baby bank, emergency fund, house fund and RRSPs.
I have a pension at work that vests this October (they match 5% of my salary) and Jordan does not - so fr that reason, I think we should start putting more towards his RRSPs than mine.
As always, if you have any thoughts - we would love to hear them.