11/19/2009

...an update on my recent raise

Posted by with 8 comments | in
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.

Related Posts:

  • Jessie Got a Raise (and a new job!) http://www.risesmart.com/blog I can’t believe it’s been two weeks and I haven’t told you my good news yet, I recently got a raise (technically two), and a new job! Every April, my company goes through a salary review proce… Read More
  • Salary NegotiationsOver the weekend I shared with you my good news, the raise and new position I recently achieved.  Today I thought I'd share a little bit about the compensation philosophy in general, and how to negotiate a sala… Read More
  • Downsizing Part of our plan to prepare to take possession of our new home is based on financial goals, the other part of that plan is to downsize significantly.  We have accumulated a lot of 'stuff' in the last four years in our r… Read More
  • Salary Research: Jordan's SummaryIf you've been following along this week, you know I've been talking about negotiating a salary for yourself, using Jordan as my example, and the research behind making your request for a raise based on facts, rather then fee… Read More
  • Market Research - Your SalaryOn Monday, I began to talk about how to negotiate a better salary for yourself.  It started with a look at your companies compensation philosophy in general and then a bit about considering your performanc… Read More

8 comments:

  1. Mom19 November 2009 at 06:38

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

    ReplyDelete
  2. Jessie19 November 2009 at 07:46

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

    ReplyDelete
  3. me in millions19 November 2009 at 08:18

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

    ReplyDelete
  4. Money Funk19 November 2009 at 12:22

    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... ;)

    ReplyDelete
  5. Jessie19 November 2009 at 14:13

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

    ReplyDelete
  6. SS4BC19 November 2009 at 21:26

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

    ReplyDelete
  7. Jessie20 November 2009 at 07:47

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

    ReplyDelete
  8. Anonymous20 November 2009 at 11:16

    Any increase is a good increase in my book :)

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Subscribe to: Post Comments (Atom)

Links ♥

Followers