[Tidybuoy]

I think you are on the right track. I've added some comments below.

Many companies do not have a formal review process but as they get larger, they usually implement an annual review. It sounds like you are definately due for one.

I would start by doing your own self-evaluation where you bullet point your accomplishments. I don't know all your specific responsibilities but you should work on a list. I say this because if you don't have it written out, its likely you will get nervous and leave something out during your conversation.

Believe it our not, bosses can be just as nervous as you when it comes to discussing compensation. This is the one time that you need to stick up for yourself and let your boss know how important you are to the company. You should have an amount in mind as to what you want.

You might do as you plan; except I would create a word document and attach to your e-mail. This will let your boss know that you have given this considerable thought and puts him/her on notice that you are thinking about your future.

I would:
list our your accomplishments, with a positive spin.
Indicate that you are willing to take on more responsibility.
Let them know you feel it is time for a pay increase.
Ask them, if they don't feel you are worth $X, then what can you do to get to that point.

All of this will show your boss that you are motivated and want to improve your life. It also will make your boss a little nervous that you might be thinking of moving on (but don't directly say that - threats rarely work in your favor). Most bosses hate to have to replace someone, especially if they have someone that is trained and working well. Remind your boss that you love working there and you want to be part of the companies success but at the same time, you need to think of your own future, your family.

This is the one day each year that you have to stand up for yourself. When it's over, believe me, both you and your boss will be happy. And, this will make it easier in the future years because you boss will know you want/need more.

Good luck!