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Nov. 16th, 2002
I'm all about the money
Nov. 16th, 2002 04:37 pmNovember 15th is when Standard Life do yearly raises and bonuses. The HR people look at industry averages for the various jobs and work out the pay rises for all the different pay grades (obviously people can also move between up and down a particular pay grade based on evaluations). The new graduate starts haven't been assessed yet, so we just get the standard pay raises for our grade - 2%. So that's an extra £380 a year, £320 after tax, £26 a month. Or $42 to all you furriners.
The company management also allocate a "pot" of money, worked out as a percentage of the total salary for the company. This year is 8.5%, or one month's salary. Which would be about £1200, except that it's pro-rata'd. As I've only been there for 3 weeks I only got one months worth, or £135 (well, will get, in next months pay slip).
While I'm on the subject, we're in the process of buying a flat. The survey is just back and it looks like I'm about to buy a 3 bedroom place for £72k (well, one bedroom and 2 studies is how it'll actually be). The mortgage should mean I'll be paying £350 a month, or £320 after my rebate (I'm getting a mortgage with my employers), which is much cheaper than the £420 I'm paying right now.
Also, pretty much all of Erin's debts are gone, and so we're starting work on reducing mine (hers were the ones incurring the wrath of lawyers, so they came first), and she's now getting a decent amount of work (having gotten over the whole hurdle of making the contacts you need to actually get the work in the first place), so that should help a lot.
So, in a month or two (after I recover from Christmas), my finances should actually start to clear up and hopefully I'll actually pay my debts off over the next year or so.
At which point, you never know, I may actually have some money I can spend on fun. Heck, I may even have a holiday.
The company management also allocate a "pot" of money, worked out as a percentage of the total salary for the company. This year is 8.5%, or one month's salary. Which would be about £1200, except that it's pro-rata'd. As I've only been there for 3 weeks I only got one months worth, or £135 (well, will get, in next months pay slip).
While I'm on the subject, we're in the process of buying a flat. The survey is just back and it looks like I'm about to buy a 3 bedroom place for £72k (well, one bedroom and 2 studies is how it'll actually be). The mortgage should mean I'll be paying £350 a month, or £320 after my rebate (I'm getting a mortgage with my employers), which is much cheaper than the £420 I'm paying right now.
Also, pretty much all of Erin's debts are gone, and so we're starting work on reducing mine (hers were the ones incurring the wrath of lawyers, so they came first), and she's now getting a decent amount of work (having gotten over the whole hurdle of making the contacts you need to actually get the work in the first place), so that should help a lot.
So, in a month or two (after I recover from Christmas), my finances should actually start to clear up and hopefully I'll actually pay my debts off over the next year or so.
At which point, you never know, I may actually have some money I can spend on fun. Heck, I may even have a holiday.