Back to Blogs FAQ Search Today's Posts Mark Forums Read

Go Back   Wise Bread Forums > Finance and Frugality Forum > Personal Finance
Personal Finance
Credit cards, investments, career, consumer affairs, retirement and general financial issues.

Reply
 
Thread Tools Display Modes
Old 01-29-2008, 03:38 PM   #21
Member
 
Join Date: Jan 2008
Location: Chicago, IL
Posts: 92
Reputation: Ronni is on a distinguished road (25)
Default

I share with my fiance, my best friends, and my mom.

Although, I do agree that many employers don't want employees to tell because they know that they're paying some people more than they deserve, and others less than they deserve for whatever reason, and this will cut back on calling them out on it.
__________________
- Ronni
http://lilrongal.livejournal.com
Ronni is offline   Reply With Quote
We share ad revenue with members. Learn more.
 
Old 01-30-2008, 05:30 AM   #22
Junior Member
 
Join Date: Jan 2008
Posts: 27
Reputation: anitra is on a distinguished road (15)
Default

I have no problem sharing, although I've rarely shared with my co-workers.

I don't care if people know how much I make - but if they do inquire, I follow up with talking about how much student loan debt my husband and I have.

For friends and family, my husband and I usually conflate our incomes together; my husband makes less money than I do (for now), and he's a little embarrassed by it. We treat all income as "ours" rather than "yours" and "mine" anyway. We have very similar jobs, so people can assume we each make 1/2 of the total.
anitra is offline   Reply With Quote
Old 01-30-2008, 04:17 PM   #23
Member
 
Join Date: Jan 2008
Posts: 75
Reputation: boba1212 is on a distinguished road (10)
Default

I am comfortable sharing my salary information with my close friends. Nobody is judgemental, and we see "eye to eye" on the reality of job market fluctuations and what jobs are currently hot/high paying/etc.

On the other hand, I am extremely reluctant and uncomfortable telling my parents my salary. They always come up with strange "facts" and one day told me that the average 20-30 year old was earning 60K starting salary! They also see things very, umm, old school, and the only "real" careers are doctor, lawyer, "finance" or engineer. They still don't see my current job as "real." They are PO'ed that even with my advanced degree, I'm not earning the big bucks, EVEN THOUGH my salary is actually in the median of range for my type of job. Ugh.
boba1212 is offline   Reply With Quote
Old 01-30-2008, 04:22 PM   #24
Wise Bread Blogger
 
Julie Rains's Avatar
 
Join Date: May 2007
Location: North Carolina
Posts: 282
Reputation: Julie Rains will become famous soon enoughJulie Rains will become famous soon enough (111)
Default

Quote:
Originally Posted by boba1212 View Post
On the other hand, I am extremely reluctant and uncomfortable telling my parents my salary. They always come up with strange "facts" and one day told me that the average 20-30 year old was earning 60K starting salary!
I often wonder where these figures come from -- usually they are self-reported and not necessarily documented. My parents were just happy I got a job out of college; I'm sure yours are proud in their own way.
Julie Rains is offline   Reply With Quote
Old 02-07-2008, 08:20 AM   #25
Junior Member
 
mtilmin's Avatar
 
Join Date: Feb 2008
Location: Burbank, CA
Posts: 4
Reputation: mtilmin is on a distinguished road (10)
Default

I too agree with most.

Keeping this information safe does prevent the non-relevant categorization by others and can keep you away from a slew of issues.

While i think it might not be wrong to share this, in this day in age it has become a problem.
It has become a standard in which to perceive, judge, rate and categorize talent and and a person.

I'll just keep it away from my conversation.
mtilmin is offline   Reply With Quote
Old 02-08-2008, 12:39 PM   #26
Wise Bread Blogger
 
Xin Lu's Avatar
 
Join Date: Jan 2008
Posts: 238
Reputation: Xin Lu is on a distinguished road (40)
Default

Quote:
Originally Posted by Julie Rains View Post
I often wonder where these figures come from -- usually they are self-reported and not necessarily documented. My parents were just happy I got a job out of college; I'm sure yours are proud in their own way.
yeah a lot of the salary information is self reported, but I think parents read them in the news. Here's a post I wrote about my school's starting salaries:

http://baglady.dreamhosters.com/2007...-last-7-years/
__________________
Blogs I Write:
The Baglady @ http://baglady.dreamhosters.com
Wise Bread @ http://wisebread.com/xin-lu
Xin Lu is offline   Reply With Quote
Old 02-09-2008, 07:22 AM   #27
Junior Member
 
Join Date: Feb 2008
Posts: 2
Reputation: blintze is on a distinguished road (10)
Default

Only my wife and my boss know.....
blintze is offline   Reply With Quote
Old 02-09-2008, 07:47 AM   #28
Senior Member
 
Kathryn's Avatar
 
Join Date: Jan 2008
Posts: 106
Reputation: Kathryn is on a distinguished road (17)
Default

Quote:
Originally Posted by beren View Post
Do you share your salary information with your family, friends or coworkers?

Most employers encourage employees to keep their salary information secret. This is suppose to cut down on jealousy and bickering in the workplace.

But in reality, I think that's just "The Man" trying to keep us down. If we all shared our salary information with each other, we would be in a much stronger bargaining position against the employer.
You have to be cautious with this, though. If you find out the guy in the cubicle next to you is making 5 grand more than you, are you actually going to be able to leverage this into more money for yourself, or is it just going to make you resentful? If the guy in the cubicle next to you finds out that you make 5 grand more than he does--again, how's that going to affect the work dynamic?

I think a better strategy than knowing specific salaries of specific coworkers is to have a general sense of the "going rate" for your skills in your particular area. Knowing that other employers in your area are hiring people with similar backgrounds to perform similar roles gives you ammunition when you go into a salary negotiation--because if your employer is not willing to offer you a competitive salary, then it proves you have options to find one that will.
Kathryn is offline   Reply With Quote
Old 02-11-2008, 04:04 PM   #29
Member
 
Join Date: Jan 2008
Posts: 75
Reputation: boba1212 is on a distinguished road (10)
Default

Interesting, a coworker recently quit for a higher paying job (doing essentially the same job function, pfffft) and she was quite open to tell me her "sucky" salary at my company. I kept my mouth shut because it turns out she was earning less than I was, yet we have same job title. Now if I'd told her, she would be stewing with resentment and probably jealousy towards me. So, NOT a good idea to share salary info with coworkers.
boba1212 is offline   Reply With Quote
Old 02-11-2008, 04:49 PM   #30
Junior Member
 
Join Date: Feb 2008
Posts: 4
Reputation: Future Millionaire is on a distinguished road (10)
Default

My me the IRS knows, blog readers of www.savingsavy.blogspot.com since I tell the world anonomously. Those would be the only ones that I told.

People I didn't tell but know via work are my boss, my boss' boss, my boss's boss's seceratry, HR, etc etc, its really sad pretty much everyone that's above me on the corperate ladder knows. Personally I'd dieing to know what my co-workers make because I hope that I'm being treated equally.
Future Millionaire is offline   Reply With Quote
We share ad revenue with members. Learn more.
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Share one secret about your blog Will Bloggers Corner 15 02-28-2008 09:36 PM
Share your consumer debt success stories! pingem Personal Finance 12 01-18-2008 05:32 PM


All times are GMT -8. The time now is 02:17 PM.


Finance Blogs - Blog Top Sites
Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
Ad Management by RedTyger