Personal Finance 30-Day Challenge #10: Cut spending meaningfully! (October, 2019) |
- 30-Day Challenge #10: Cut spending meaningfully! (October, 2019)
- Schwab Going Commission Free
- A story about my billing for a routine c-section. Don't blindly trust hospitals and insurance companies to bill correctly.
- Just found out my father [60M] has taken out at least 75k in loans and emptied a large amount of his and my mom [60F] joint savings
- Almost 26, in very deep and dark water
- Many of us have a renters insurance policy, but what if your phone get broken or your laptop gets stolen, what is actually covered
- TDA going zero commission for online Stock/ ETF/Options
- 63 yo grandma has $0 savings, $18K debt and $16 in checking account
- Im 27 and got a new job making MUCH more than my last, want to get my life together. Where do I begin?
- (SERIOUS) Why don't you die with debt?
- Denied a Capital One secured card right after online application?
- My October challenge: Get a detailed breakdown of my groceries expenses
- Desperately trying to unfreeze my credit; running into red flags.
- Needing advice or help if possible
- Almost 30, No idea how to invest but would like to get started on investing.
- I worked as a teller at a national bank. Here’s what I saw about people’s finances.
- Opening a Checking Account as a Minor
- My dad has been getting denied credit card applications but he has not been applying for any credit cards
- Boss is very "meh" about giving me a raise. Final decision in 3 weeks.
- Meeting with Edward Jones advisor. What are good questions to ask?
- Does the use of roadside assistance results in premium increase?
- I was late on a Kohl's Card payment
- Didn't Qualify for PMI
- Partner's former employer emailed documents with her social security number to her co-workers. What can we do?
- How to negotiate based on high COL
- Promoted! Asking for input regarding salary. Biotech in HCOL area
| 30-Day Challenge #10: Cut spending meaningfully! (October, 2019) Posted: 01 Oct 2019 06:07 AM PDT 30-day challengesWe are pleased to continue our 30-day challenge series. Past challenges can be found here. This month's 30-day challenge is to Cut spending meaningfully! What does "meaningfully" mean? You get to decide that for yourself, but it should be a bit of a challenge. Set a goal that is neither too easy nor too difficult and track your progress. This month's challenge is about making intelligent spending choices so you can better allocate your money and reach your financial goals. Here are some tips to get you started:
Challenge success criteriaYou've successfully completed this challenge once you've done each of the following things:
Good luck! [link] [comments]  |
| Posted: 01 Oct 2019 06:46 AM PDT With Schwab going commission free, will you be moving assets over? Is there any benefit to Vanguard over Schwab if Vanguard ETFs can be bought/sold for free at Schwab? [link] [comments]  |
| Posted: 01 Oct 2019 03:42 PM PDT Numbers are approximate. My wife had a scheduled routine c-section. We went through all the proper channels and have good health insurance. The hospital had us make a down payment a week before the c-section of about $2800. We knew it was going to cost about this much, and we had the money so we paid it. C-section went well. Our baby is healthy, everything's great. A few weeks later we get three bills: $1300 from the hospital, $1700 from the insurance company for the baby, $2300 from the insurance company for my wife. None of which mentioned my down payment. I called my health insurance and the hospital to get answers. My wife has her own insurance, and we added the baby to hers. Apparently, if the baby and the mother leave the hospital at the same time, all the hospital charges go towards the mother's individual deductible and out-of-pocket maximum ($1500/$3500), not the family out-of-pocket maximum($3000/$7000). We have paid about $1500 for my wife's medical expense in this calendar year. Meaning that the down payment I paid the hospital would easily cover the out-of-pocket maximum of $3500. I should be getting a refund. So why am I getting more bills? In the end, my insurance admitted their mistake and are currently going through all of it. I expect more time and phone calls to get it all straight, but I expect to actually get money back from that down payment. If I just paid the bills at face values, that's $5300 plus a refund that would have been lost. Lesson: Don't just trust the insurance and hospital billing at face value. Understand you insurance. Have someone explain it to you. This stuff is complicated even for the people working in the field. This was a routine scheduled c-section and they still royally fucked it up at my expense. Don't let it happen to you. [link] [comments]  |
| Posted: 01 Oct 2019 05:38 PM PDT I [24M] just received a tearful phone call from my mom that she had found out my father has taken out 75k in loans and emptied a significant amount of savings from their retirement accounts. She confronted him about it and he became extremely angry and defensive. This is completely out of character for my father who is the sweetest man, and we are both completely at a loss of why he would do such a thing. There have been some signs that he has been doing something like this. He asked me for a loan around 8 months ago to which I refused - I did not tell my mom about this until she called me today. My mom had an inclination something was the matter around the same time and moved some money into an account under her name - unfortunately she didn't communicate this to me and the really is nothing significant. She is under the impression that the loans are for the business which he owns (which he claims is profitable) and he's just trying to keep it afloat. I think it's potentially for something more nefarious given this whole thing is completely out of character for my father and I feel like I don't really know him anymore. I assured her I would take care of her and she should keep putting money aside in her second account. He recently ok'd her getting an $1000 dollar couch for the house they just bought 3 months ago which she immediately cancelled. My mom is asking for advice as to what to do but honestly I have no idea. Please help. [link] [comments]  |
| Almost 26, in very deep and dark water Posted: 01 Oct 2019 02:00 PM PDT So I have gone in and out of Reddit before and decided I needed some help. It is such a long story. I am 25 (almost 26), college graduate (2017) and in debt about 40k+. Majority of this is due to my gambling problem and lying to my parents. I know I deserve no sympathy. But this is what I have done so far to date/how bad the damage is: $2143 - Avant Personal Loan (25.95%) Min. $115 $6515 - Upstart Personal Loan (18.76%) Min. $193 $1560 - Citibank CC (3%) Min. $25 $5700 - Net Credit (60%) Min. $340 $7054 - Patelco CC (14%) Min. $140 $23K - Owe My Parents for using their CC for gambling. Total Debt = around 46k Income around $3550 a month from paychecks I know I have an issue and it just sucks because it all happened so fast. As an agreement to let me pay them back last, my parents helped me get a therapist for gambling and also required I meet with GA once a week while I try to fix what I have done. I made a 0$ budget (don't pay rent, or my car, and have one gym membership), got the therapy set up weekly, and am starting from essentially ground zero. Its just hard because everyday I feel like I am just fucked and how I let myself get to this point from having no debt a year or two ago. I guess its good that I'm stopping now. Does anyone have any advice or encouragement? All of the posts on this sub have been really helpful. I know my gambling problem is #1 priority so while paying off my debt is important, that is just as important for me. EDIT: Just want to say thank you to all the users who took the time to comment and offer advice, wisdom, hard facts, and anything else I needed to hear. I feel so much better and its only Tuesday. Thank you! [link] [comments]  |
| Posted: 30 Sep 2019 11:45 PM PDT Not so long ago my laptop got stolen while I was sitting in a coffee place not that far from my house. It made me run some research about my rights and what can I do to protect my self against this. I found valuable information and modified it to make it suitable for this sub (I removed external links and kept the most important information) I hope you will find it useful: SourceIn 2017 alone, there were 7,694,086 property theft cases. That's as many instances as there are people in Los Angeles, San Francisco, and Chicago, combined. If your stuff is stolen inside or outside your home, renters insurance can help reimburse. it protects your phone on the subway and your laptop at the coffee shop. But what does renters insurance actually cover you for? Renters insurance 101Most people don't know this, but if you're renting your home, renters insurance coverage can help protect you and your stuff. While your landlord is responsible for any damage to your walls or the structure of your home (within reason), they aren't responsible for you or your personal items. Renters insurance typically includes three types of coverage: Personal property Personal liability, Additional living expenses ('loss of use' in insurance-speak) What do all of these mean?Personal property coverage – helps pay to replace your belongings if they're stolen or damaged by a covered risk, such as theft, fire, windstorm, etc ('named peril,' in insurance-speak Liability coverage – protects you if a guest is injured in your home, or if you accidentally damage someone else's property Loss of use – helps pay for things like your hotel bills or storage costs if your home becomes unlivable, due to things like fire or windstorm Note: If your claim is approved, your insurance company will reimburse you, minus your deductible. Let's say your $750 iPhone was stolen and your deductible was $250. Your insurer would pay you $500. When does renters insurance cover theft? Your renters insurance will cover most of your stuff for theft both inside and outside your home, including electronic items, furniture, clothing, and jewelry – as long as you've purchased enough coverage for 'em! What does 'enough coverage' mean?For each coverage type discussed above (personal property, personal liability, loss of use, etc.), your insurer will indicate your coverage limit– how much they can pay you if something happens. So if you choose to get $30,000 of personal property coverage (aka, coverage for your stuff), your insurance company can pay you up to $30,000 for your stolen stuff. But if you choose only $10,000 worth of personal property coverage, and more than that is stolen, your renters insurance company can only pay up to $10,000 (minus your deductible, of course). There are a couple of instances when theft isn't covered by renters insurance. If you lend your friend your headphones, and they're stolen in their possession, your renters insurance policy won't cover you – because your item was in the possession of a third party. If your insurer decides you were responsible for the theft due to negligence, like leaving the keys in your front door or leaving your bicycle unlocked — they might decide not to approve your claim. What if stuff was stolen outside of a home? One of the best things about renters insurance is that you're also covered for theft outside of your home. That means you're protected if your laptop gets stolen from the local coffee shop, or if someone pickpockets your phone on the subway. And what's the radius of that coverage?Your personal belongings are even covered from theft while you're abroad. So let's say you're on a business trip, and return to your hotel with your laptop nowhere to be found. Or, your phone was swiped while dancing at a music festival — your renters insurance policy could have you covered. In short, there are a lot of common situations renters insurance covers you for. How to reduce the chance of theft
When you move into your new apartment, invest in some new locks. Your landlord might even agree to buy these for you. That way, you won't have any creepy unplanned visits from old tenants or be vulnerable to burglary. Also, make sure to never write any part of your address on your keys (or anywhere else).
If anyone asks to enter your home, always double and triple check. A 'maintenance worker' might want to enter under the guise of fixing something in the property — or they might claim your landlord sent them. We're more likely to be lax about security when it's someone else's property, but it's good sense to never let anyone into your home unless you've been told first by your landlord, or if they have an official badge that checks out. Also, get to know your neighbors, and who comes in and out of the building regularly. If there are any unfamiliar faces lurking around, you might want to inform the authorities.
It may feel like it's just you and your friends Instagramming, but be aware, cyberspace can be a dark place. Keep track of what sort of information you post online, and ensure your home address or phone number aren't publicly available. Criminals can use clues like phone numbers or home addresses to fraud authorities and potentially break into homes EDIT: /u/Nowalls4narwhals mentioned something important
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| TDA going zero commission for online Stock/ ETF/Options Posted: 01 Oct 2019 04:06 PM PDT |
| 63 yo grandma has $0 savings, $18K debt and $16 in checking account Posted: 01 Oct 2019 06:13 PM PDT Long story short. Grandma is 63 years old. She lives in El Salvador taking care of my 90 year old great grandmother. Overall, health is all okay but you know with age comes diapers, daily care, etc. Grandma is 18K in debt with a $1K minimum payment. Half of that is credit cards and half is a stupid $20K car - which she needs to sell. Zero in savings. Zero in retirement. $16 to her name as of today in her checking account. When I say zero, it IS zero. Her income is her $500/mo pension, which for El Salvador isn't bad at all. My great grandma's income as for her husband's will is $2,600/monthly. For me, it's hard to believe $2,600 isn't enough to live comfortably there. She sold her house for $100K and had $28K in dividends from the family business. That's all gone now. Her only asset is the house that's technically my great grandmothers but it's in grandma's name. It's a special home and needs to be kept in the family. It was designed by my great grandfather. She's the type of person who isn't a good communicator. She told me she was having money problems but did not tell me all this above until literally yesterday. Her household doesn't have money to pay for any of October's bills, medication, food, domestic help, etc. On top of that she's a high functioning alcoholic. The plan is for her to come live with my dad (10mins away from me) when she doesn't have to care for great grandma anymore. Additional info: What did she spend all her money in? Bailing my uncle out of his own financial mess and he's still not even out (deserves a post by itself tbh), useless crap from Walmart/Target, wine and cigarettes. I've pleaded with her to sit the fuck down and write down a budget with me. We're yet to do that. She's caused all this herself. I'm 25 and just about making ends meet. Pouring money into this isn't the solution. The $128K would have solved it. What else can I ask? What would you do? [link] [comments]  |
| Posted: 01 Oct 2019 07:21 PM PDT I was laid off from my previous job that I loved but paid very poorly. With my wifes income at the time we scraped by. I landed a job in a new town 3 hours away and we have moved and are settling in, with a newborn. My wife left her job making 800-1000 monthly to stay home with the baby. Im 27 years old and have made a lot of stupid financial decisions in my youth and want to begin repairing the damage if possible. For the facts- I currently bring home on average 1500-1700 every two weeks, with overtime this could be as high as 2000. We have a small home $850 monthly all utility bills paid, including internet and satellite TV. Both of our vehicles were paid for with cash after income taxes. Though I drive a company van to and from work. Insurance for both personal vehicles is roughly $175 monthly. My wife and I have a newborn living in the home. I have an older son who lives with his mother who I keep on weekends/holidays. I pay child support of $150 monthly, at the moment and expect this to increase due to increased income. Our only other bills are our personal phone bills, we use Straight talk and pay $90 for both of us to have cell service. Small subscription services such as netflix/hulu/etc. My credit report shows 532 for Transunion & 524 for Equifax. I owe 5300 in 7 collections accounts. Some medical, some from dumb decisions like store credit cards. I owe 43k in student loan debts that I will need to begin paying in the near future. I'd like to repair this damage and eventually purchase my wife and I a family appropriate vehicle. How bad is my situation? How difficult will this be to fix? I can supply more information if needed, Thanks for taking time to read this. [link] [comments]  |
| (SERIOUS) Why don't you die with debt? Posted: 01 Oct 2019 08:33 AM PDT A friend and I were talking and his finance philosophy was to spend & live his best life, single & no kids. His ideology is that he wants to work hard, earn lots of money, spend that money, and accrue debt (pay the minimum payments) and die with debt. What am I missing here? Is this actually viable? If so, why doesn't everyone just take on $X00K debt, pay the minimum payments and die with it? [link] [comments]  |
| Denied a Capital One secured card right after online application? Posted: 01 Oct 2019 05:27 PM PDT I've been banking with C1 for more than a year now and decided to close my old checking acc so i could start with a fresh new one. I also opened a savings acc with them and decided so apply for their secured card so i could start building credit (i've done all the research on good credit). I submitted the app and "we can't approve you for this card today..." - btw I'm working a seasonal job pt - what should i do now? [link] [comments]  |
| My October challenge: Get a detailed breakdown of my groceries expenses Posted: 01 Oct 2019 06:40 PM PDT We've been hitting $1,000 in groceries for the past few months. We're a family of 5 with three young boys, and eat >95% of our meals at home (or packed from home). Our groceries budget includes food, but also toiletries, cleaning products, things like foil, paper towel, napkins, etc. We've been YNAB users for almost 5 years, but we just have a 'Groceries' category. For the month of October, I've finally decided to do a thorough examination of what we spend under groceries and will be categorizing them into various things, currently: Fruit, Vegetables, Dairy & veg milk,Canned food, Cereal & granola, Snacks, Dessert, Cleaning, Kitchen accessories, Toiletries, Bread, Pantry, Hygiene. Has anyone done something similar? Would like to join with either groceries or another complex category you'd like to reduce spend? I'm also happy to share results in November [link] [comments]  |
| Desperately trying to unfreeze my credit; running into red flags. Posted: 01 Oct 2019 06:30 PM PDT Hello, I'm trying to unfreeze my credit. I had no issues with Trans-Union and Experian but Equifax is giving me a hard time. I gave them a call and they told me I need to fax a copy of my social security card, and drivers license along with a bunch of personal information to verify my identity. Is this a scam? Is there an easier way to go about doing this? [link] [comments]  |
| Needing advice or help if possible Posted: 01 Oct 2019 07:41 PM PDT Hi everyone, I'm new to reddit and I've find the community here is awesome.. A little about me I'm 25 years old & I have a 4 year old son, I'm going through a difficult time right now, I was living with my parents, working and paying rent trying to save as much as possible well they told me that it was time for me to move on with my life which I completely understand but it's very hard to make a living these days as we all know, I'm not sure what to do as I'm not close to any family outside of my immediate family..friends I barely have any. To top it all off I just lost my job also so I have absolutely nothing to my name I suffer from anxiety and depression and to be completely honest I feel like giving up I feel like I wont get through this...I feel like everything is so foreign, everyone around me is living life happy and carefree and I'm just shocked...numb and scared out of my mind I can't get any rest I feel like this stress is destroying me. Anyone been in a similar situation?? The local shelters and churches near me are all full. My phone is off so outside of being near wifi I'm disconnected from the world. My dark thoughts are very consuming at this very moment. Life can be very cruel. I'm sorry for the rant I'm just very lost 😞 [link] [comments]  |
| Almost 30, No idea how to invest but would like to get started on investing. Posted: 01 Oct 2019 08:35 AM PDT I'm 28, living with my GF, wanting to settle down and get married, buy a house and start investing for the future. I have a good job, making ~60k a year with a 401k and good benefits. I have a lot of debt. (student loans, expensive rent, bills etc) that add up to about ~$1500 a month. We do well in watching what we spend and having plenty in our account for bills, plus money for going out and fun, etc. Should I get started in investing or focus on something else, and if so, where do I start? Thank you [link] [comments]  |
| I worked as a teller at a national bank. Here’s what I saw about people’s finances. Posted: 01 Oct 2019 08:09 AM PDT I worked for a national bank as a teller for 2 years. I saw a lot of things. I saw a large range of folks from all walks of life. I saw those who looked "poor" but had a lot of money, and those who looked "wealthy" but had no money. Of course, not everyone keeps a large amount of money in their checking and savings account, so I know this is not a good barometer. I'd say that the average person that came in had less that $500 in their checking and savings account combined. There were a few regulars who had 10k plus in their account, and those folks were few and far between. We would always remember who they were because there weren't many of them. So if you're one of the folks who have a large amount in savings and checking, your teller will remember you because there aren't that many people who have that much. Just wanted to share with you guys! Thx [link] [comments]  |
| Opening a Checking Account as a Minor Posted: 01 Oct 2019 05:58 PM PDT Hello all, I am 16 years old and am wondering how to open a bank account (checking account) without a parent/adult? My dad is not in the picture and my mom is terrible with money and I am afraid my money would be used if she has access. How do I setup a checking account that is in my name only? Thanks! [link] [comments]  |
| Posted: 01 Oct 2019 05:54 PM PDT Hello everyone, I hope this is the right place to post. For about the past two weeks, my dad has been receiving multiple rejection letters from credit card companies. The credit cards are store cards from JCPenney, Macy's, and Target. He has not applied for any store credit cards and are fearing his personal information is at risk. We know whoever has been applying has his drivers license number and home address because the letters are coming to our house. He put a freeze to his credit but we are wanting to know what other steps he can take to not damage his credit, or to stop anything else from happening. We are essentially at a loss of what else to do. [link] [comments]  |
| Boss is very "meh" about giving me a raise. Final decision in 3 weeks. Posted: 01 Oct 2019 07:43 AM PDT My boss was not very keen to give me a merited (and needed) raise. So much so that he pushed the actual decision 3 weeks from today. Based on how underwhelming his initial response was, I'm thinking that the raise, if any, won't be worth me sticking around. How do I best use the next three weeks (apart from diligently completing my duties)? Small snapshot of my merit: I personally set company goals at 10% higher than last year and am projecting to surpass those by 5-10% by the end of the CY. I have helped set a number of significant milestones never before reached in my company. In addition, I do various other tasks (very much) beyond my written job description. Almost 2 years in, COL raise in January which was immediately (literally, within minutes) nullified by benefit cuts. Thanks [link] [comments]  |
| Meeting with Edward Jones advisor. What are good questions to ask? Posted: 01 Oct 2019 07:55 AM PDT I have about 25k from a previous employer 401k that I switched over to Edward Jones approximately 10 years ago. I meet with my advisor every year and pay 40 dollar yearly retirement fee. I would like to become more involved in understanding all of the fees. I've asked before, but I'm not sure I fully understood the answers. The funds are A shares. Any other good advice on questions to ask regarding if the overall performance of the fund is worth the fees. [link] [comments]  |
| Does the use of roadside assistance results in premium increase? Posted: 01 Oct 2019 07:45 PM PDT I am talking about 30-40 years old driver, using tow truck for a disabled vehicle (electrical malfunction) third time this year. There was no towing or claims for previous 7 years. It is an auto policy with Geico. [link] [comments]  |
| I was late on a Kohl's Card payment Posted: 01 Oct 2019 07:44 PM PDT I am 20, I've had a credit card for a few years, and pay it always on time. I recently opened a Kohl's card for a discount, and payed off what I purchased. I made another purchase, and honestly, totally forgot about the payment. My amount of $52 was late, and my account suspended as a result. I just payed off the amount, but obviously this is very bad for my credit report. Totally messed up and it was way out of character for me (I usually pay my regular CC once a week). What are my options? Should I call Kohl's up, and ask for forgiveness? What are my chances? If I can't get them to forgive, what else can I do? I'm usually the kind to be very financially responsible (emergency fund, don't spend what I shouldn't, etc etc). I would hate for something this stupid to ruin my financial future. Really messed up here and I understand that a lot of people mess up this way and I am no different, but surely there is a way to at least reduce the hit to my credit score? [link] [comments]  |
| Posted: 01 Oct 2019 05:30 PM PDT My lease is up in April 2020, and I would like to buy a house near that time. I applied to pre-qualify for a loan, and was told I don't qualify for PMI so I'd have to have a 20% down payment. I could probably save for that by April, but wouldn't have any money left over for all the extra costs that come with buying a home. I have a few questions: 1.) The loan person said my debt to income ratio was good, and my income was good. The main issue was not having any debt currently or in my credit history. I did have a credit card for at least 2 years that I paid down to 0 monthly. I closed this card last December, as I was unhappy with them, and re-opened a new one in January. The previous credit card seemed to have disappeared from my credit as if it never existed, is this normal? 2.) Where do I go from here? I can resign my lease in April, but they only offer year long leases. I know I could save for the 20% and all extra costs by the end of that lease, but it feels so wasteful paying rent for another year when that money could easily go towards my mortgage reaching 80% LTV. I'm just frustrated because I would like to get a house either way, and its frustrating to pay rent and save for a down payment at the same time for another year. If it helps at all my current rent is 1060/month and the homes I'm looking at are 70k-150k. Any advice is appreciated! [link] [comments]  |
| Posted: 01 Oct 2019 08:19 AM PDT My partner's former employer just sent an email to her and a group of her former co-workers with attached documents for her and a handful of her co-workers. The documents included social security numbers along with name and full address. The employer wrote in the email asking for updated social security numbers to be emailed to him. This one email had all her colleagues' documents attached along with hers, so it doesn't appear that this was some kind of mistake, but an incredibly incompetent decision on the part of the employer. She was a 1099 contractor for this employer in 2018, no longer works for them and has no intention of working there again. Now a number of her former co-workers have this information and her ex-employer has endangered the security of not only her personal info, but the other colleagues as well. We're enraged. The damage is done, but what can she do going forward about this? Will x-post to /r/legaladvice. [link] [comments]  |
| How to negotiate based on high COL Posted: 01 Oct 2019 07:18 PM PDT Hi PF. I live in Los Angeles county and am interviewing for a position in Orange County. The commute and amount of time this new job would require would make moving a requirement. However, my family needs at the very least a 2br, really a 3br, and the place I'm living now is a locked in steal. I'd estimate at least a $1000 increase in monthly rent, and the potential job pays $20k more/year. How do I negotiate for a higher pay based on ridiculous housing shortage and high cost of living in OC? I'm not asking for an additional $30k, more like $5-10k. Thank you [link] [comments]  |
| Promoted! Asking for input regarding salary. Biotech in HCOL area Posted: 01 Oct 2019 03:16 PM PDT Hey All, hope your week is going well! Just wanted some advice on a common topic: salary negotiation. I was just promoted at my job (yay!) and wanted to get some input on my current situation. Just some very basic background, I work in biotech in a HCOL area- company is based on east coast but my office works on the west coast. Almost 5 years in the industry by this point, 3 of which are with current company. Upon being hired, I did a good job of negotiating my salary and was one of the top paid employees at my level (according to HR, manager, and conversations with co-workers). I checked my account on the company website and found my updated compensation package but have not met with my manager to confirm (meeting is set for Thursday). Numbers: Current salary (after promotion): $85,500 Previous salary (before promotion): $81,000 Percent increase: 4.6% That seems low to me. I asked a couple of co-workers who I am close/comfortable with, and they don't think asking for $90,000 is too much by any means. I also checked Glassdoor's salary estimator which I know is not perfect, but that also shows $90,000. What steps can I take to justify/negotiate for an increase in salary? I'm not sure if the one I saw online is finalized. I can see manager/HR saying that since I was highly paid for in the previous role, this salary is kind of 'balancing out' i.e. not as aggressive of an increase. My counterpoint to that would be the fact that I was valued at that higher salary and continue to perform well in my duties, so I should also maintain a comparable salary increase. Taking a hit to salary with this promotion doesn't set me up for future promotions either if they are trying to 'balance out' my salary. I would ask for $90,000 which is about an 11% increase. I consider that a reasonable request. Just wanted others' opinions/suggestions. Thanks in advance! [link] [comments]  |
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