Calculating a Paycheck for a Raise
Budgets | (1)
Getting a raise is always welcome, especially when finances are tight and every little bit that comes in helps you pay your bills, put food on the table, and empowers you to provide for the basic needs of your family. But how much is that raise going to affect your income? There are two ways to find out:
Wait until your paycheck comes
Do the math (a.k.a. build a spreadsheet)
I love building spreadsheets and can't stand the suspense of not knowing, so I would certainly choose the second option. Let the spreadsheet fun begin!
Getting Started
Calculating how your raise ...