22 Feb '14, 12pm

Got a raise? Save the difference, #donate more #salary #pay

One of the more nerve-wracking moments each year for any worker is surely the day of the salary letter. Did you get promoted? What's your pay increment? These key questions are addressed in that short, frantically read annual document from your employer's human resources department. Naturally there will be a wide range in terms of salary adjustments. The exact date of the salary letters will depend on your employer's financial year but, from my observations, it is mostly around the start of the year. By now I hope you're over the initial euphoria or disappointment. Next we have to adjust our financial plans and budgets, keeping in mind our (hopefully) higher salaries for this year. One of the common pieces of advice from financial bloggers is that you should try to maintain your current level of spending, no matter how much more you will be earning. Of course, with a highe...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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