Maybe it’s been so long since you’ve gotten a raise that you wouldn’t know what to do with the money when it hit you. Such a problem is a nice one to have, but still a problem. Act carelessly with your newfound income and you’ll hardly notice that you’ve got it.
Adaptu recommends guidelines for working increased funds into your budget. The key is to recalibrate your goals to match your megabucks. Ideas include starting new accounts earmarked for travel, home upgrades, a new vehicle, or retirement. You can also accelerate debt payments or allocate the money toward improving your daily life, on small creature comforts that will make you appreciate your new income.
What you don’t want to do is forget your budget entirely because you’re content with your new cash flow. Lazy, aimless splurges can nullify any advantages your raise might give you.