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Would you ask for a raise?

Last Updated: October 4, 2022 BY Michelle Schroeder-Gardner - 2 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

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Daily Worth had a great article the other day titled How to Ask for a Raise…And Get It!

I’ve only asked for a raise once in my life (which should not be surprising considering I’ve technically only had 2 jobs). I was underpaid when I was a teenager and my boss took advantage of the fact that I was quiet.  Everyone else who worked with me made more, even though they were horrible workers (the boss even hated some of them, so I’m not sure why they got more raises than me) and worked at the store less than me.

I asked and I received.  She was stunned at first that I asked.  I didn’t get a huge raise, but then again I was only 19 when I asked, so it’s not like the raise would be thousands of dollars.

Here are some tips from How to Ask for a Raise:

  1. How much are others in your field earning? –  This will help you understand what you should be asking for, or if you should even be asking.
  2. How much can you earn? – What do you think you’re worth?
  3. How is your company doing financially? – If your employer is in a bad financial condition, it might not be the best time to ask for a raise.
  4. Prepare your argument – When you talk to your employer, go prepared.  If you’re not prepared, then your case will not be good of course.
  5. What to do if you don’t get the raise? – Think about this before hand.  Are you going to quit your job?
    • “Your answer may depend on what your boss says. For example, has she turned you down because of your performance? If so, ask yourself if her criticisms are valid. If they are, think about what changes you can make. If they aren’t, you may want to go where you are appreciated. If there is some other reason you were turned down, talk to your boss to find out if she expects the situation to change. If she does, find out when you can talk about this again.”
  6. Make an appointment to talk to your employer
  7. Present Your Case – and try not to be nervous!

Daily Worth also had a great poll on their site too. If you were paid more at your current position, would it be your dream job?

Have you ever asked for a raise?  What was the outcome? Any tips?

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Filed Under: Career, Extra Income Tagged With: Career, Extra Money

About Michelle Schroeder-Gardner

Michelle is the founder of Making Sense of Cents, a blog about personal finance and traveling. She discusses how her business has evolved in her side income series. She paid off $40,000 in student loans by the age of 24 mainly due to her freelancing side hustles. Click here to learn more about starting a blog!

Comments

  1. Live Simply- Live We says

    October 1, 2011 at 6:42 am

    Never asked for a raise before. I have actually been thinking that I should. Great post

    Reply
  2. Rafiki says

    October 1, 2011 at 11:57 am

    Never or not yet I should say. If the time ever comes where I think I should be at least considered for one I will though. I two have only had two "official" jobs and I quit the first one only after a few months.

    Reply

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My name is Michelle and I'm the author/owner of Making Sense of Cents. Learning how to save money and make more money changed my life. It allowed me to pay off $40,000 in student loans, start my own business, and I now travel full-time.

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