Money Lesson Single

Where the pay rises went

Nobody decides to spend their pay rise. The money simply arrives, and six months later the flat is nicer and the balance is the same. Here is what half of it, kept, is worth by the time you stop working.

Employment Expenses ISA

Keep half of every rise

1 Goal

Each promotion lifts living costs by half of the extra take-home; the other half is invested.

Try this plan

Employment Expenses ISA

Spend every rise

1 Goal

Each promotion lifts living costs by the whole of the extra take-home, permanently.

Try this plan

Keep half of every rise Spend every rise

Keeping half of each pay rise instead of spending it leaves you ~£1m better off, and neither version of you ever took a pay cut.