Tilted Forum Project Discussion Community - View Single Post - Getting Married and Living Together- Ah Expenses!

gar1976 · 09-12-2004, 05:52 PM

[QUOTE=la petite moi]I am just starting to work, making a measly 6.75$ an hour (and I can get a raise of 1.5% of my paycheck every six months). [QUOTE]

And don't put much stock in your raise, sorry to burst your bubble. The combined raise of 3% annually is a Cost of Living Adjustment (COLA), and is supposed to cover inflation. However, if things like your insurance, utilities, and rent only go up 3% a year, I'll eat my shorts.

So....if you're relying on that raise to help cover costs, you will in all likelihood be moving backwards.

09-12-2004, 05:52 PM	#17 (permalink)
gar1976 Custom User Title Location: Lurking. Under the desk.	[QUOTE=la petite moi]I am just starting to work, making a measly 6.75$ an hour (and I can get a raise of 1.5% of my paycheck every six months). [QUOTE] And don't put much stock in your raise, sorry to burst your bubble. The combined raise of 3% annually is a Cost of Living Adjustment (COLA), and is supposed to cover inflation. However, if things like your insurance, utilities, and rent only go up 3% a year, I'll eat my shorts. So....if you're relying on that raise to help cover costs, you will in all likelihood be moving backwards.