Is “spend salary, save bonus” actually a common strategy?
I’m a first year analyst who is trying to figure out how to budget correctly. I’ve heard that this is a saying, but is it actually something that people do?
Trending Content - Investment Banking Forum
| +148 | AI Creating More Work | 44 | 1d |
| +146 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 18 | 20h |
| +117 | Is pay at BofA really that bad? | 58 | 1d |
| +81 | Day at Macquarie | 9 | 20m |
| +44 | Is the life of a VP at a 'top-bank' really good? | 15 | 2d |
| +42 | How bad did I mess up | 10 | 2h |
| +30 | Misrepresented Houston IB | 14 | 7h |
| +29 | Law school instead of MBA for RX Banking | 6 | 21m |
| +29 | No BB RO 2026 | 10 | 1d |
| +25 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 12 | 1d |
Career Resources
Most people save more than that - that is just a catchy phrase that gets the point across that you shouldn't spend money that you haven't received yet and may end up not receiving.
have heard the phrase multiple times. Agree with the above, the adage is pretty old and comes from a time when base salaries were much lower relative to bonuses. Think with base salaries as high as they are today, people end up saving some of their base as well, whether on purpose or not.
Living in a LCOL city and doing this job, I can't spend all of the base if I tried
Manage your money as if you're not going to get a bonus, because you don't know if you're going to get it until it's sitting in your bank account. Put a couple thousand aside every month in savings. When your bonus hits, get something nice but not too crazy and put the rest into savings / investments.
I'm more of a spend salary spend bonus type of guy
I would advise saving a portion of your base salary every two weeks. It's never wise to live paycheck-to-paycheck unless forced to by circumstance.
Corrupti distinctio dicta quia et et molestiae. Repellat qui animi cumque sequi veritatis. Aut suscipit similique ut magni officia veritatis. Et quod ad corrupti maiores et beatae.
Quia fugit eligendi unde repellendus odit. Omnis exercitationem consequatur aut tempore officiis. Error ad blanditiis iste quod.
Blanditiis omnis quia nesciunt ipsa eaque quasi assumenda. Aliquid corrupti non hic delectus dolorem non. Recusandae quis architecto id cupiditate. Nobis sit minus delectus in aperiam. Fugiat harum odio aliquam culpa nisi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...