Compensation update

As I mentioned last week, I hear about 2017 compensation today.  The results were largely in line with what I was expecting.

Salary: $105,000 (up 24% from $85,000)

Bonus: $20,000 (up 67% from $12,000)

Total compensation: $125,000 (up 29% from $97,000)

Overall, I am extremely pleased with what this means for my overall financial goals.  With this additional income, I plan to maintain my existing spending rate/lifestyle and up my savings rate dramatically.

My plan is to save my entire bonus (~$11,000 after taxes) and save the income from my raise in base salary (~$1,000 per month).  

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