The wife and I both got raises this year! After 3 years of no raises (not even inflation adjustments) we are both thrilled to finally see our paychecks go up. After doing all the math we will have an additional 5% more take home pay for the year. My wife got a standard increase of 3% and I got 3.5% based on my performance.
The nice thing about this additional money is that it will cover all the daycare expenses for the little one. My worry about the baby was that our income would go down with daycare but now my mental budget won't change (still working on that written budget). Also, my car is almost paid off so that will mean additional money can go to the credit card debt.
I had a really good performance review this year, I was ranked in the top 20% of employees in my group so that means I should be getting promoted soon and also a nice 7% bonus in November. If I get my promotion that should be an additional 14% increase in income.
Life is good today!
6 hours ago