How to Ask for More Money at Work

You don’t always have to find a new job to make more money. But asking your boss for a raise isn’t the most comfortable conversation. There are may practical reasons that people never ask for a raise which can cost them many opportunities in the long run. Those opportunities could be a new car, new vacation, or more security by paying down your debt or having more savings in the bank. If you’ve spent a few years in your job, you should consider what your financial situation be like now if your salary was 10%, 20%, 50% higher, a long time ago?

Understand What You are Worth at Work

a. What is the market value for my role?

b. Can my company afford me?

c. Is my company willing to pay what I am worth?

 

 

When you start a new job

 

Timing is important

 

John Ybarra
John is a Personal Finance Contributor and dog-parent. He has a Bachelor's Degree in Accounting, additional training in family financial strategies, and has been an adviser and mentor on business accounting and personal savings topics for more than 20 years.