Six Wise Ways to Spend a Raise

[wannabefree]

Originally Posted by vsjhoc

Unfortunately, I think most people always spend up to their raises.

I see a lot of people say to themselves I got a $200 a month raise so to celebrate I'm going to get a new car at $400 dollars a month

[vsjhoc]

Originally Posted by Ima saver

Save, save, save, save, save, and save! I am going to get a raise soon and I plan to save every bit of it.

Ima, I thought you were retired?!

[Ima saver]

Well, I am not really retired. I quit full time work in about 1990 but worked part time til 1996. I did work during the census.
What I meant by getting a raise, it that I became eligible for social security yesterday, so I am going to take my month check and save every bit of it!

[sarah]

I am hoping to be promoted soon so I have been thinking about this.

[instantinfo4you]

Although this seems like excellent advice, and just plain common sense. You would be surprised at the number of people who see their raise as a little extra spending money every month. They will see an extra hundred bucks a month as a new luxury that they really do not need. Such as 15 extra cable channels, or some other un-needed junk that just perpetuates the debt process.