Comments on: What to Do With a Raise https://add-vodka.com/what-to-do-with-a-raise/ When Life Gives You Lemons => ADD VODKA Tue, 07 Jul 2015 21:21:26 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: thepotatohead https://add-vodka.com/what-to-do-with-a-raise/#comment-23430 Fri, 07 Jun 2013 05:09:07 +0000 http://add-vodka.com/?p=3850#comment-23430 I’m putting my next two yearly raises to my 401k account. That should take me to the max of 17.5k which I feel is a good thing to do for my future.

]]> By: zimmy@moneyandpotatoes.com https://add-vodka.com/what-to-do-with-a-raise/#comment-23398 Wed, 05 Jun 2013 09:13:47 +0000 http://add-vodka.com/?p=3850#comment-23398 You are young enough for compound savings from your raise to really add up over the next couple of years. It makes it a good plan to squirrel that raise away for retirement.

]]> By: Chris @ rplan https://add-vodka.com/what-to-do-with-a-raise/#comment-23379 Tue, 04 Jun 2013 10:15:10 +0000 http://add-vodka.com/?p=3850#comment-23379 Very good post – You seem like a goal-oriented person, with loads of common sense – definitely more than most of the twentysomethings around!

Keep up the good work and you’ll get where you want to be in no time!

All the best,
Chris

]]> By: 2013 Goals Progress: May | When Life Gives You Lemons https://add-vodka.com/what-to-do-with-a-raise/#comment-23360 Mon, 03 Jun 2013 09:30:27 +0000 http://add-vodka.com/?p=3850#comment-23360 […] ← What to Do With a Raise […]

]]> By: Updates: May 26 to June 1 | The Outlier Model https://add-vodka.com/what-to-do-with-a-raise/#comment-23330 Sat, 01 Jun 2013 15:09:02 +0000 http://add-vodka.com/?p=3850#comment-23330 […] Add Vodka discusses what she could do with her raise. […]

]]> By: Lance@MoneyLife&More https://add-vodka.com/what-to-do-with-a-raise/#comment-23319 Fri, 31 May 2013 19:08:50 +0000 http://add-vodka.com/?p=3850#comment-23319 I personally add half of my raise for retirement and use the other half for whatever strikes me. Responsible and fun!

]]> By: Lauren @Cheapstudents.ca https://add-vodka.com/what-to-do-with-a-raise/#comment-23317 Fri, 31 May 2013 17:40:26 +0000 http://add-vodka.com/?p=3850#comment-23317 Congrats on the raise, and I like the multi dimensional plan that you’ve come up with. Definitely looked at it from all angles, also if you switch jobs before 30 you also may have the opportunity to get an increase in salary instead of waiting on that raise. Oh and definitely travel! I’m going to be doing that once I’m done university and I can’t wait.

]]> By: ND Chic https://add-vodka.com/what-to-do-with-a-raise/#comment-23316 Fri, 31 May 2013 17:15:19 +0000 http://add-vodka.com/?p=3850#comment-23316 Congrats on the raise! Your hard work paid off. I would probably bump up retirement a bit and travel with the remainder. Its much easier to travel before you have kids.

]]> By: Cat Alford (@BudgetBlonde) https://add-vodka.com/what-to-do-with-a-raise/#comment-23315 Fri, 31 May 2013 15:17:06 +0000 http://add-vodka.com/?p=3850#comment-23315 Awesome job! I’m all about doing combinations!

]]> By: Kurt @ Money Counselor https://add-vodka.com/what-to-do-with-a-raise/#comment-23314 Fri, 31 May 2013 14:33:18 +0000 http://add-vodka.com/?p=3850#comment-23314 Congratulations! If I were in your position, I’d use the extra money to 1) pay down any debt, including mortgage, starting with the highest APR; 2) start a planned savings fund targeted for a goal like a car, major appliance, renovation; 3) add to my retirement accounts if not already maxed for the year. Unless I were debt-free and had loads of savings, I wouldn’t spend it. Well, maybe a little bit. Boring? Could be for some I guess, but I don’t find boring making progress toward financial freedom and a secure retirement!

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