⚖️ What will happen if you don't increase your session fee?

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Remember any ice cream or chocolate you really liked in childhood? Is it more expensive now?
That is because of Inflation. Things are getting expensive every year. 

Below is a graph mapping Inflation in India every year in the past 9 years. In 2023, everything got expensive by 5.6%. So, what happens if you don't increase your fee?

You will be earning lesser than the previous year. 

Basic necessities get more expensive each year. Rents increase by at least 5-10%. The monthly grocery bill for the same items is increasing each year. Cars, properties, everything is costing more. If you don’t increase your fee, it will become difficult to even afford your current lifestyle over a period of time.

So, check the yearly inflation rate when revising your session fee. If you raised your fee by 10% in 2023, 5.6% of it would help your salary match inflation and the rest 4.4% would perhaps account for the increase in your experience.

Until next week,
Suvrita

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