Budget Meeting: Salary

Current Salary: $42,000

Projected Salary Increase: 10% this year, 15% next year

Due to our highly competitive market, you will receive a 10% raise this year and 15% next year. This will bring your total compensation to $46,200. However, with the cost of living increasing by 20% in the surrounding area, you will need to find ways to save money.

Cost of Living Adjustment:

Our research shows that the cost of living has increased by 20% in the surrounding area. This means that your $46,200 salary will only get you 80% of what it used to get you last year. To combat this, we suggest you consider taking on a side hustle or finding ways to reduce your expenses.

Alternative Options:

We have identified several alternative options to help you save money: