Reply To: Budgeting for salaries and cost of living


    One method I read about recently was to increase everyone the same amount — as an example say a $3000 increase for everyone. For some who have a lower salary, that was a sizeable increase in their annual salary, For those with higher salaries, that was a smaller increase. But because everyone is seeing the same increases in food and gas and utilities, it recognized what was happening in the market instead of just tying an increase to a current salary. Everyone needs the additional $3000 to meet the raising costs, regardless of what they are currently making.

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