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Effectively Transitioning Your Budget Following Increased Income


In any case where you're getting a higher level of income than you had before, whether you're getting a raise affiliated with a promotion or getting a new job completely, it's important to take a proactive approach in reallocating your budget.


Disclosure: I'm Not a CPA or CFP

Determine What Your Current Budget Is & What You Want Your Current Budget To Be

Assess Any New Expected Expenses

Develop Goals Prior to Income Increase

Develop Systems That Will Make for an Easy Transition

Implement Systems On 1st Paycheck

Reassess Your Systems 1 Month After Your New Income

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