My wife got a promotion yesterday (starting today), and I have one coming in October.
Her promotion gave her a 20% raise.
Mine is similar in nature, and we both work for the same employer (though I make 3 times what she does).
They revamped the promotion raises last year to make them more "significant" than annual raises. Considering that my annual performance-based raise is from 3-7%, I was thinking my promotion would bring in 6-16%, but seeing that my wife got 20% with hers, I'm getting optimistic. A 20% pay increase for the both of us would be, well, pretty darn nice. We might even be able to afford children sooner than I thought.
We also pay off all three of our cars in the next 1½ years (first one paid off in November), which is effectively another 20% raise from where we are right now.
Considering how much we were freaking out about money the past few months (much of it because of expenses related to administering my father's estate--I was finally able to have the estate reimburse me for those), it feels good to see the light at the end of the tunnel. Now I just have to pay off student loans and that pesky mortgage.
