15th March 2021

These posts were originally posted on the YNAB forums and MoneySavingForums (a UK money management site), I am moving my journals across to WordPress to have them in chronological order, and because the YNAB forums are closing as of March 2022. I’m not sure how much of other people’s words I’m allowed to copy across from one site to another, so in some sections I may summarise conversations.

So I’ve found out the pre tax amounts for my bonus and for my new salary. Because I’m relatively new to this role (though it doesn’t  feel like it) I was on the lower end of the pay range, now I’ve been raised to the mid point.
My annual salary will increase by a little over £1100… pre tax. Divided by 12 and then deduct pensions, student loans, tax, it’ll probably work out to an extra takeaway per month – but it’s not nothing!

My annual bonus will be a little over £1200 – again, pre tax. I’m too lazy to figure out the deductions on that when I get paid later this week, so I’ve made plans for £600 of it and the rest we’ll deal with it on the day. Broadly speaking, the plans are: £400 to savings, £200 to get myself a little something-something  😉

Or more actually, about 3 somethings and 1 charity donation. 

Every payday I relax a little bit more. It’s like I’ve had a tightened belt around my chest all this time and every payday it gets one hole looser.

There has to be a better of phrasing that. 

In response to a commenter saying the elephant on your chest gets lighter every month

Maybe one day it’ll be gone entirely! Although I think YNAB prefers you to have a tiny bit of belt pinching/baby elephant in the long run…

I ran some numbers and, depending on how accurate my extremely rough post-tax calculations are, I ***might*** hit a pretty big savings goal this paycheck…

Paycheck could drop any moment over the next 2/3 days Haha so I’m on tenterhooks haha

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