If you get a raise at work while you are working to grow your fund, consider taking the difference between your current paycheck and the paycheck with the raise and add it to your fund. For example, say your paycheck was $200 when you set your budget but now with your raise it is $209. Take the $9 difference and add it to your fund.
Want to find out how to find even more money in your budget? Be sure to check out all the articles in the your fund series.
Working for the state of LA, we have not received pay increases for 4 going on 5 years! So I had to get a second job. With this second job, I use if for extras. I alternate a check for each of the categories, Dining, Travel, Kids spending $, etc.. If it is a big check I may split it. I do this until I reach the goal that I set at the beginning. After reaching the goal I then use it for regular spending money$. This way we never touch bill money for fun times. It is hard! but worth it!
We just got our raise here at work after 4 years of not getting one. There was a $21 difference. I think I may start doing this to help grow our fund a little more. Hubby got one also (since we both work for the County) but I think I am going to take his and apply it to loan payments and such. His raise will help out more there since he makes more.
This works with overtime as well!
I just got a raise and did just what you’re suggesting :) Every little bit helps!
My husband just got a small pay raise and we’re doing this. The difference isn’t enough for us to miss so it is going to help pay for Disney!
That’s great! Congratulations!