[-$90,831] A Bit of Good News!


I know I can go a long time between posts. Before last week, I’d been super busy at work, in another crunch period working late evenings and weekends.  Things have lightened up a bit for now, but there will be another crunch in December before the holidays.

Talk about timing! In one of my recent posts I talked about learning to appreciate my job.  Well, I just found out from my manager that I am getting a promotion!!! I can’t believe it. I’ve never gotten a promotion before. After spending way too many years in school, I’ve only had two full time permanent jobs. (The rest were internships and other short term contractor roles.) As you know, I got fired from my first job. As a result, I’m always looking over my shoulder in my current job even when I may not need to. Needless to say, this was unexpected. Instead of DDSW, I’m going to be Senior DDSW!

During that initial conversation my manager didn’t mention anything about a pay raise. And I was so surprised about the promotion that I didn’t even think to ask about it. I’m hoping it’s because salary adjustments / end of year reviews have yet to take place. That’s usually when money is talked about. I will use this as an opportunity to broach the discussion about getting a salary increase. According to Glassdoor, for my role at my company, I’m at least $10k below what others are making. That was my fault for not negotiating like I should have when I got hired, even though I was unemployed and desperate at the time. Stay tuned.


Had a meeting with my manager and there WILL be a pay increase!!  Strangely though, my manager doesn’t know how much the raise will be. Apparently, it’s all decided by senior management and HR. I’m not getting my hopes up because knowing my employer it will be a set percentage of my already below market salary.

Since I’ve been here I’ve gotten yearly “raises” – really just cost of living adjustments of between 2.0-2.5%. So for this ‘real’ raise, I’m guessing something between 4% to 5%. My day-to-day work won’t really change much, so I’m not expecting a big pay bump. Well, I’ll take what I can get. Of course I’m hoping for more, but I need to manage my expectations so that I’m not too disappointed. I won’t find out how much the raise will be for another few months, as pay is adjusted company-wide only once per year. If the pay increase is way low, it will be a good opening for me to talk to my manager about what I can do to get more of an increase the following year. It will be fun (or not!) to see where I fall on this scale – Deciphering What Your Annual Review Raise Means. 🙂

Anyway, it’s all good news, right? I’m already thinking about the best thing to do with the bit of extra money. Increase my E-fund savings, increase my HSA contribution, increase my Roth IRA contribution, put it toward student loan payments, something else?  I’ll have it figured out by the time money hits my account.

It’s good to have a little bit of good fortune come my way!



“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW) [All posts on one page]


  1. Paul · November 15, 2016

    Well done with your promotion DDSW. You deserve this break. I hope you get a significant pay increase. You also seem to be down to around $90,000, once you’re below about $30,000 it feels much less daunting.
    Good luck with everything.


  2. Tonya@Budget and the Beach · November 15, 2016

    Congratulations!!! That’s awesome news! What do you plan on doing with the “extra?”


  3. Fiscally Fit Chica · November 15, 2016

    So happy for you! You go girl!


  4. Maria · November 15, 2016

    Yey, that’s so great!


  5. Isabella · November 15, 2016

    Yeah for encouraging news! Congrats!


  6. Liz @ Friday Night Shenanigans · November 17, 2016

    Congratulations! That’s super exciting! I know things always get a little nervous this time of year around offices. I’m excited you got the promotion, hope the raise is even higher than you expect. 🙂


  7. Money Beagle · November 18, 2016

    Hey, congrats. You definitely have a lot more resolve than me. I’m pretty sure that asking about pay would be one of the first things out of my mouth! LOL.


    • doubledebtsinglewoman · November 27, 2016

      LoL. I was so surprised that I wasn’t thinking straight. Later, I was like, “Wait a minute…”


  8. Cynthia · November 28, 2016

    Congrats DDSW! That’s great news! Do a little something to celebrate. 🙂


    • doubledebtsinglewoman · December 8, 2016

      I am! I’m running calculations to help determine where I’m going to stash every extra dollar. 🙂


  9. Terri · December 8, 2016

    I just found your blog from Elliot’s blog over at Debt Free by 32! Wow, I feel you with the amount of debt you are carrying. When I add in my federal loans, I’m right up there in the triple digits with you. And it’s scary as hell. So for right now, i’m concentrating on paying off the other debts I have first (credit card, car loan, and then my private student loan.) But congratulations on your promotion!


    • doubledebtsinglewoman · December 8, 2016

      Thanks, Terri for the DDSW mention on your site. That’s a bold decision to up and move to a new city with no job lined up, not to mention moving via driving a large U-Haul without previous experience. Kudos to you! If I’d tried that, I’m not sure if it would have been a comedy or a tragedy. Hopefully your new environs will be just what you need, minus the bugs of course. 🙂

      Liked by 1 person

      • Terri · December 21, 2016

        Oh, you’re very welcome! I love your blog and attitude. So far, I’m really liking ABQ. And I guess it’s one of those things where the uhaul was concerned, if I didn’t do it, no one would do it for me, you know?


  10. zeejaythorne · December 10, 2016

    Congrats on the promotion! That’s wonderful news!


  11. amillennialonmoney · January 5, 2017



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