Using Your Budget as a Salary Negotiation Motivator

by Amanda Clayman

Financial wellness expert Amanda Clayman is here to help you prepare to get the raise that you deserve.

Video Transcript:

Hi I'm financial wellness expert Amanda Clayman and I'm here to help you prepare to get the raise that you deserve in the new year.

Let's face it. Most of us find asking for a raise to be stressful and uncomfortable. So what we really need is a tool that's going to motivate us to push past those uncomfortable feelings and get in there and advocate for ourselves.

Surprise! The tool that you're actually looking for is a budget.

Once you've determined the amount of money that you're prepared to go in and ask for, back out taxes, and you'll have figured out your new net income amount.

Now look at the expenses side of your budget and look for the things that might change if you were to secure that raise that you're going to go in there and ask for. Probably your committed expenses are going to remain largely the same, so you're looking for changes in your discretionary expenses and the amount of money that you're going to be able to save. Look for ways and changes that you can make in these expenses that are going to be really meaningful to you and make a big impact in your life.

Internalize these. Connect with these. And, these are the potential changes that are going to really help you feel motivated to get in there, put your best foot forward and advocate for yourself.

Good luck!

Amanda Clayman

About the Author
As a financial therapist, Amanda Clayman helps people live empowered, engaged, and educated financial lives. She runs the Financial Wellness Program for national arts-based non-profit The Actors Fund, and she is the Financial Wellness Expert for, where she writes a weekly Financial Therapy advice column. Her work has been featured in The New York Times, The Wall Street Journal, and Money Magazine, as well as on television and radio. She lives in Brooklyn with her husband and daughters. Twitter: @mandaclay