From Yahoo Finance: 2025-06-18 13:01:00

Financial experts are warning that waiting for a raise to afford a bigger life is not realistic. Instead, experts suggest focusing on managing what you already earn, tracking cash flow, automating savings, and reallocating spending towards your highest values to grow wealth. Raises are not guaranteed and may not be the best way to increase wealth.
To accelerate progress and avoid plugging holes, create a well-structured financial plan. Focus on what you can control now, such as tax strategies, side income, and intentional debt management. Build a case for a raise by quantifying your impact and proving your value during performance reviews.
In a world where the cost of living is rising, waiting for a raise is not a winning strategy. Increase your value in your field now by getting certifications, broadening your skill set, or starting a part-time gig. Consider reducing, eliminating, and redirecting expenses to improve your financial position.
Instead of waiting for a raise, align your financial choices with your values. Small shifts like tracking spending, setting boundaries around lifestyle creep, and renegotiating expenses can have a big impact without needing more income. Don’t hinge your peace of mind on someone else’s timeline for a raise.

Read more: Waiting for a Raise To Afford the Life You Want? That’s Just Not Realistic, Financial Experts Say