Is it worth saving a big portion of base salary, or do you just bank the bonus?

First year associate currently saving $5k a month of my base salary, but live in a shit apartment with roommates. Haven’t had a real bonus (only stub) so wondering if it’s worth sacrificing QOL for the savings.

8 Comments
 

I think depends on what you derive utility from. If it were me I'd continue staying with my roommates and spend that $ on experiences (better bars, restaurants) and luxury items. My base salary I just spend without thinking or blinking an eye, I just bank 100% of that bonus and be disciplined not to touch it. Life is too short to always be counting every cent and thinking about pinching every penny before you indulge in luxury experiences imo..

 

Just worried that bonus will be low given downturn and stock component won’t leave much to save…

 

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