Right now, I am at the point where I am “making it” day today, but there are still goals that I need to meet. My emergency fund is not fully funded. I have some big purchases that I need to save up for. My raise is going to pay for that. If I have been fine with my current paycheck, then I can live without my raise. When my boss told me that I would be getting a raise, the first thing I did is increase my retirement savings contribution.