Readers to the rescue

Get tips from your peers on how to solve your thorniest money challenges.

1 of 8
Asking for more
Asking for more
Catherine Ellinwood, Tucson
Lately my company has shown slight gains in revenue, and we're starting to hire again. I haven't had a raise in three years. When can I ask for one? --S., Littleton, Mass.

Our reader says: Your regular performance review is the time to ask. Be specific about why you deserve one: Have you done the job of others who were laid off? Did you help cut expenses? If you're told now isn't the time to ask for a raise, politely inquire when would be a good time to check back. --Catherine Ellinwood, Tucson

The expert says: New hires signal that finances are loosening up, making this as good a time as any to ask for a raise, says New York City career coach Allan Fried. Coming to the meeting armed with concrete examples of your recent contributions and their impact on the bottom line betters the odds your boss will say yes.

NEXT: Splitting heirs
Last updated June 17 2010: 8:33 AM ET
More Galleries
Our biggest money highs and lows How much money do you need to feel rich? What are your biggest money mistakes? Money magazine surveyed 1,000 Americans for the answers to these and other questions. See how your answers stack up. More
How we feel about our finances Participants in an exclusive Money magazine survey reveal how they feel about their finances. Although the Great Recession may be over, they're not all that confident about their prospects for the long run. More
8 ways to cut your tax bill To keep your tax bill as low as possible this filing season, you need to stay on top of all the ways the rules have changed. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.