Comments on: Save Your Raise (Finance Game #1)

By: Is Deferred Compensation A Good Idea? | HarvestingDollars

Is Deferred Compensation A Good Idea? | HarvestingDollars — Thu, 18 Jun 2009 11:45:51 +0000

[...] Therefore in the future it is reasonable to assume that if you life a frugal lifestyle or try to save your raises that you may have quite a bit of additional income to defer. I personally wouldn’t use such a [...]

By: What to do with your first raise

What to do with your first raise — Thu, 02 Apr 2009 13:42:17 +0000

[...] But in all seriousness, if you’re already financially secure, take your first raise as an opportunity to build up your cash reserve by either putting away the extra income into savings, investing it, [...]

By: Advanced Personal Finance » Blog Archive » You likely can’t save you raise

Mon, 08 Sep 2008 16:14:38 +0000

[...] ‘rules’ that is great in theory, but unrealistic in practice. We’re told by many sources to save any salary increase we earn and live on what we were making. This advice is usually [...]

By: NtJS

NtJS — Wed, 13 Aug 2008 17:13:47 +0000

This sounds like a fun challenge. It’s good to look at a raise first as an opportunity to save or invest more rather than increase your standard of living, and thus your spending. Still, good to reward yourself a little!

best of luck!

By: How to beat lifestyle inflation (and boost savings) - Smart Spending Blog: Money saving tips from around the web – MSN Money

Tue, 12 Aug 2008 00:23:28 +0000

[...] at Harvesting Dollars has a plan for getting real value from those raises while amassing retirement savings and preventing the insidious, invisible creep of lifestyle [...]

By: Weekend Reading: August 10, 2008 | Moolanomy

Weekend Reading: August 10, 2008 | Moolanomy — Sun, 10 Aug 2008 13:26:59 +0000

[...] Save Your Raise (Finance Game #1) at Harvesting Dollars — If you need a little fun and motivation to save money. Here’s a little game for you. [...]

By: Can I Pay Less for Something of Similar Value? — P2P No Bank

Can I Pay Less for Something of Similar Value? — P2P No Bank — Tue, 05 Aug 2008 16:29:29 +0000

[...] summer Olympics, what financial games or tricks do you use to keep your finances in order? He saves his raises and doesn’t buy into lifestyle inflation. If you are good at that game, you are going to do [...]

By: Pinyo

Pinyo — Tue, 05 Aug 2008 16:02:25 +0000

This is an excellent idea. Inflation might not be the only wrench, but the rising income taxes will force you to be more frugal each year.

By: Christina@Northern Cheapskate

Christina@Northern Cheapskate — Mon, 04 Aug 2008 13:43:54 +0000

When my husband got his raise, we automatically deposited half into our money market (emergency fund) and then we let the other half flow into our budget. That way we were saving something, but we still felt like we were getting a little bit ahead.

I admire your 10 year plan a great deal. Maybe that’s something we can shoot for starting next year. (gotta get kids out of diapers first!)