How to use it
- Use the formula below with your own figures.
The formula
New salary = current × (1 + raise%).
Worked example
A 5% raise on $60,000 adds $3,000.
Frequently asked questions
Raise vs inflation?
Compare to keep real pay rising.
Monthly effect?
Divide the annual increase by 12.
Tips
- Automate the boring parts of your budget.
- Compare unit prices, not package prices.
- Small recurring costs add up over a year.
Key terms
- Net worth
- Assets minus liabilities.
- Budget
- A plan for income and spending.
- Unit cost
- Price per single unit.