What a pretty vague title for today's post, hunh? It doesn't have anything to do with an APR or an APY. It has everything to do with how much my salary will increase.
Yesterday, I had a performance evaluation, and at the end of it I was informed of my raise. Hooray for more money! I doubt that it would have been an appropriate question to ask, but I'm wondering when it will kick in (likely at the beginning of our fiscal year, i.e. July 1st).
I haven't thought about what exactly I plan to do with the raise (about $80 extra per check, gross, not net pay) but I'm pretty sure that it will go towards a debt repayment and/or savings. After all, I'm okay with my current budget for regular expenses.
UPDATE: I paid the majority of my credit card balance with "car payment" money, instead of savings (like I suggested yesterday). All that remains is a measly $8.35; Capital One won't allow you to pay more than your balance + 10% of the balance. I could have waited until all of my transactions cleared so that the full balance would be reflected, but I've been having an A.D.D. day today.