Salary negotiations, what to do with extra money?

[docstudent]

I transitioned to a new job last year and I lowballed myself per my salary. This year I was able to get my boss to increase my base pay from $125,000 to $137,00, and I feel its closer to national average in my area. With that said, how do you do about approaching salary negotiations?

My current take is $7080, and it should go up to $7600 as of July 1. The following is breakdown of my months expenses and savings.

Mortgage, $1445 ($150 extra payment towards principle)
HOA: $375
CAR: $499, $21,000 (remaining balance)
Insurance: $182
Phone: $68
Calble, Netflix $4
Savings contribution, $2500
Food: $450
Gas: $400
Misc: $300

Savings: $48,000
Robinhood: $27,000
Mortgage value; $435,000 and owe $160,000
403b #1, $72,000. #2: 30,000. #3: 21,000
STRS $156,000, Defined Benefit $65000

My aim is to retire in 2030 @ age 53, but open to extending to 55 1/2. Should the extra funds go to mortgage or should I continue to build up my savings?

[Jluke]

Extra money:

if you do put extra towards the mortgage will that pay it off on or before 2030? From the numbers I see, the answer is yes. Call it 650 x 12 months x 10 years plus the regular payment estimate 1200 x 12 x 10

However, I would be inclined to save it and/or invest. Maybe do a lump sum here or there to the mortgage. This gives flexibility in case of life events (self triggered or external factors)

[bjl584]

I recently got a significant raise.
For now, I'm putting all of it into savings and pretending like I am still making my old pay rate.
That is my plan until I come up with an actual plan for the money

[LivingAlmostLarge]

Congrats to you all who have a raise!