A few weeks ago, my spouse had his annual performance review. I am happy to report that he got an amazing review, his direct supervisor loves him, and put in for my spouse to get a 10% raise. His supervisor said that he didn’t think my spouse would get a 10% raise, because no one generally does, but he wanted to be clear he thought my spouse was outstanding so he put in for 10%. (I will mention that my spouse did get a 10% raise one year, because he is that awesome. My spouse rules.)
My spouse didn’t get the 10% raise, but he did get a 5% one which is the highest his supervisor has seen this year. His paycheck this past week was the first one to include his raise, and I was honestly just hoping that after taxes and the 401K were taken out, the raise would bring his paycheck back to what it was before we changed his 401K to from 4% to 6% earlier this year. Our budget is still based on the pre-401K change numbers, and therefore causes an extra squeeze that I’d like to do without. I was happy to see that his new biweekly paycheck was $44 more than his previous pre-401K increase one. Hurrah!
And immediately the wheels in my brain started turning. I needed to take action and figure out how to not just suck the raise into our monthly budget and never feel the benefit of having it. What to do, what to do… and then it hit me. Snowflake it of course!
So every other week, when my spouse gets paid, I will snowflake $44 to the student loan payoff fund. $44 is not a small amount of money, but it is small enough that I know if I just left it in our checking account, it would evaporate and I wouldn’t even know it was there. But $44 every two weeks makes $88 every four weeks, and that will put a little dent in the student loan every month. In 3 months, it adds up to an entire extra student loan payment.
Little changes add up to big results. This time, my spouse’s raise isn’t going to be just sucked in to lifestyle inflation. It is going to make a noticeable difference in our life. Debt – be gone!