6 Smart Places to Put a Pay Raise
So you’re getting a pay raise or bonus. Congratulations! You’ve probably got big plans for that extra money. Maybe you’ve already spent it, at least in your head. Is it time to start tapping that travel bucket list? Start house-hunting or at least replace those cast-offs with designer furniture?
It’s natural to want to reward yourself for your hard work. But think about this: A Towers Watson survey shows that the average raise has been holding steady at about 3% for the past few years. Not a go-out-and-buy-an-island amount. Why not live the way you’ve been living and use the rest to set you up for the future? You can still live it up if you limit yourself and use discounts coupon codes for your celebration splurge.
Here are six places you should be putting that annual bonus or pay raise.
This article was originally published in The Everygirl.
Once your boss tells you the good news you may have visions of popping an expensive bottle of champagne, but first stop to consider how the extra money can benefit you in the long term.