Finding Tips In 2015 To Increase Your Income As You Work Towards Improving Your Finances

Succeed with your financial New Years resolutions as your work towards the creation of new wealth. For most of us this means asking for a raise. Yet many companies in today’s cash strapped and recession wary economy are not handing out raises like they used to. Especially in the advent of the new health care costs pushed onto employers due to Obama care. Even with the economy improving many companies are still hesitant to give their employees a raise.

Despite all this a raise is not out of the question for you. Especially if your hourly rate or salary is at below market values. You can use websites like,, or to figure out what your worth and if you are being underpaid. Asking for a raise even during this economy is not an impossibility, for one thing you are an investment for your company. Your company has spent time and money on you. Smart employers know that there is a possibility you will look for new pastures if your salary is not meeting expectations. It is also a drain on company time and resources to seek out a new employee who may not even come close to your talents and skills.

If you have the facts and figures correct about the market value of where your pay should be you should not sit idle and wait around for your company to just hand you a raise, you should take action and speak up. However when you do bring up the topic of a raise it should be brought up along with your performance at your job. You should make notes ahead of time on how your actions, skills and talents have helped your company move forward, or how your actions, ideas and skills have aided your co-workers in the past. You need to keep records of these all throughout your employment in fact as managers will often forget exactly what things you have done to help the company succeed, managers after all are only human and we are all prone to error. The bottom line here is getting that raise rests squarely on your shoulders.

If you do decide to ask for a raise this year make sure the timing is just right
. Do not ask for a raise if they are laying people off or if company revenue has taken a sharp drop. Timing is very critical when asking for a raise. If now is not the right time to ask for a raise wait for things to settle down with your company and use that time to improve your value to your company. When you do approach management do so in a positive manner. Tell your employer why you feel you deserve a raise. If you are underpaid in your field based off of your experience and skill set simply present the facts on what your field typically pays. If you are in fact underpaid in your chosen profession you can use this to negotiate a raise. If you are a top performer at your company use this as your leverage.

Here is a simple checklist of things you can use in your negotiations:

* If you have increased the companies bottom line
* You have taken on the job of one or more co-workers on top of your own.
* The nature and scope of your work has expanded over the last year.
* Have a base figure in mind for any raise you want do not rely on them to figure that out.
* Focus on your key achievements, talents, skills and your value to the company.
* Never be negative or threaten to leave your employer over a raise.

Stay tuned to the editorial team from for additional tips on saving money and building wealth in 2015 by managing your credit, loans and finances online.