Re: Six Wise Ways to Spend a Raise
I got a 3% raise this year and put 1% of it toward my retirement savings. The other 2% I am spending.
I like the idea of putting the entire raise in the retirement account, but it's not called a cost-of-living increase for nothing. The cost of living goes up (health insurance premiums, daycare tuition, food, property taxes, etc) and I need to be able to apply at least part of my raise to those increased costs.
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