Comments on: Live On Last Years Salary http://youngandfrugal.com/2008/05/06/live-on-last-years-salary/ Business and Personal Finance for Millennials Sat, 19 Jul 2008 18:26:59 +0000 http://wordpress.org/?v=MU By: danielb http://youngandfrugal.com/2008/05/06/live-on-last-years-salary/#comment-191 danielb Wed, 07 May 2008 17:53:12 +0000 http://youngandfrugal.wordpress.com/?p=47#comment-191 Good point. The obvious is what I did not include in the post... put Y-X into savings/retirement. And the best way to do it is to have it automatically taken out each month so your takehome pay remains the same. I guess I didn't do a very good job of explaining it, but you got it... Essentially the concept is to live one raise behind. Good point. The obvious is what I did not include in the post… put Y-X into savings/retirement. And the best way to do it is to have it automatically taken out each month so your takehome pay remains the same.

I guess I didn’t do a very good job of explaining it, but you got it… Essentially the concept is to live one raise behind.

]]> By: Philip http://youngandfrugal.com/2008/05/06/live-on-last-years-salary/#comment-190 Philip Wed, 07 May 2008 16:31:41 +0000 http://youngandfrugal.wordpress.com/?p=47#comment-190 Umm... what happens to Y-X during the year before you spend it, a budget should be putting it into something, which could be savings, but still in the budget somewhere. It sounds more like just taking a pay raise and putting it entirely into some sort of savings account, just plan it somewhere and make sure to use it effectively Umm… what happens to Y-X during the year before you spend it, a budget should be putting it into something, which could be savings, but still in the budget somewhere.

It sounds more like just taking a pay raise and putting it entirely into some sort of savings account, just plan it somewhere and make sure to use it effectively

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