My expression when I heard the news!
I GOT A RAISE!!!
Omg, guys! Ok. Technically, it’s not a raise. It’s a “salary/equity adjustment”.
An equity adjustment is a permanent increase to the base salary that may be granted to an employee under certain circumstances, such as increased duties that do not warrant a reclassification or a significant salary lag to comparable internal positions or the local labor market.
It’s a little over 12%, but, combined with the yearly cost of living adjustment I got a couple of months ago, my base salary will be about 15% over what I was making last year. I. am. stunned! I didn’t think it was even possible. I’m still not ‘well paid’ for my industry by any stretch, but I’m at least juuust inside the edge of market rate now. Read More
I’m in another busy spell at work. In fact, I’m having to work over the weekend to meet two deadlines on two separate projects.
I made a random $307 extra payment to my student loan debt. Most of it was absorbed by accrued interest, thus the balance looks practically unchanged from my last post. Read More
Why do I make such large payments on my student loan debt? Because, for now at least, I can.
In the past month, I’ve dodged a bullet that would have raised my rent by over 50% (losing a new roommate because of discord in the house). So far the climate in the house is improving. I’m really hoping it continues.
I’ve always known, and written here, about how my cheap (for this area) rent will not last. At some point in the future, LL (landlord) will stop… landlording and we’ll all have to leave. When that happens, my rent will go up significantly as soon as I move anywhere else. So I must pay as much as I can now toward this debt, while I have this cash flow. In other words, I have to make hay while the sun shines. Read More
Happy 4th of July!
I’ve decided to go back to making semi-monthly payments. Waiting an entire month to see my balance drop was feeling excruciatingly slow. I think this way will keep me more motivated.
Expenses are going up
Fireworks aren’t the only thing going up these days. Read More
If you’re familiar with Dave Ramsey and other personal finance writers you’ve heard of the value of driving a ‘beater car’ for getting out of debt.
What is a Beater Job?
When I talk about a ‘beater job’, I’m not talking about a side hustle or part-time work. I’m referring to a full-time, 9-to-5, ‘career job’. If you’re in deep, massive, six-figure debt, like yours truly, you may find yourself having to decide how much your current job is really worth to your financial future. Should you jump into a not so great position just for more money to pay your debt faster? Read More