A job promotion is usually a reward in itself. You may have a more important leadership role or get a raise. The boost in your status and salary are gratifying. But easing into a new position with added responsibilities can be stressful. You should also reward your intrinsic motivation to keep your morale high and avoid burnout. Here are some of the best ways to acknowledge the significance of your advancement.
1- Start Investing
One way to make your raise work even better for you is to invest the extra money. You already know that you can survive on your previous salary. What if the additional income could grow as you work, eat and sleep. Experts recommend padding your retirement account with extra income from a raise. If you don’t want to wait that long to reap the rewards, work with a financial advisor to devise a more adventurous investment plan.
2- Take a Dream Vacation
Only 23% of American employees take all of their paid time off every year. If you have been putting off a much-needed vacation, you have fewer excuses now. Take a trip to rejuvenate yourself and revive your spirits. Even if it’s not the vacation of a lifetime, a weekend away can improve your morale and get you ready for your new role.
3- Buy a New Car
How reliable is your car? Whether you have been shelling out your hard-earned cash for constant repairs or just want an upgrade, consider rewarding yourself for your promotion with a new car. You can check out full details, reviews, and specs online and use loan calculators to determine what you can afford. Treating yourself with a new car will help you remember your accomplishments every time you drive to work.
4- Upgrade Your Home or Office
Is there something that you could use in your home or office to make your life easier? A higher income allows you to pay for conveniences. Now that you’ve gotten a raise, perhaps you can afford a multipurpose kitchen appliance that will streamline mealtimes. Maybe you can redo your bathroom and create a spa-like atmosphere. If you spend a great deal of time at work, reward yourself by splurging for a high-quality office chair or noise-canceling headphones.
5- Pay Down High-Interest Debt
Although paying down debt doesn’t sound like fun, it’s cause for celebration. It reduces stress, allows you to pay for things that you want without guilt, reduces the number of bills that you pay, and provides financial security. Plus, you’ll boost your credit score, which could make it possible for you to take advantage of some of the other options on this list, such as taking a dream vacation or buying a car.
You don’t have to wait until you get a major promotion to reward yourself for doing a great job. Setting personal career goals will help you learn new skills, increase your productivity and stay motivated at work. You can reward smaller milestones by treating yourself to brunch, getting a soothing massage, or taking a day off to go to the movies.