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Split Your Raise

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Many emloyers give annual evaluations and merit increases. If you are in this group....each year you should save 1/2 of your raise. Either increase your 401k contribution by 1/2 of your merit increase or put those monies in a savings to investment vehicle! It will suprise you what you will have in a few years!! emoticon

- Submitted by CHERYLSBUTT 5/25/2011 in Saving Money | 1 Comments
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Member Comments

TDOGG1225 6/10/2011 7:14:00 PM

    Always a good plan! My last increase put 12% in 401K. Amazing what builds in 6 months!! emoticon

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