How do you all think about budgeting rent when upwards of 50% of comp is in discretionary bonus?

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Always budget essentials based on salary. This will be a moot point when you become an Assoc

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Live off your base salary, bank your bonus.

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I budget as if no bonus is coming (looking more possible with each passing day lol) - 32% of my post-tax base = my rent, but ive had same apartment for 2 yrs and have roommates. I figure a year or two down the road can move into bigger/own place after some bonuses and salary increases. Not worth having huge / own apartment and paying 50%+ of salary now since I'm working 90+ hours a week anyway lol

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Budgeted my rent based on my base. I’m in my first year, so up to this point I haven’t had much to spend bc no bonus yet, but once I get the bonus I plan on saving half/splitting the other half up for monthly spending.

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FYI rent is about 50% of my take home base (post tax). It’s not fun but will be worth it once the bonus is truly just extra money

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When I was younger, I hustled up quite a bit because I worked for myself (contractor) which meant pay was in flux. I saved and lived frugally for a while until I had an entire year of my fixed expenses saved. Then I benchmarked from there - my goal was always to replenish each months worth of costs, but if I paid a bill from that account and didn’t make enough one month to cover it, I knew I had to contribute more the following month. If I consistently would have not met the amount, I’d have moved. That never happened though because typically income should go up consistently, at least to some degree. Plan your housing costs on worst case scenario, then save the excess if/when you get more.

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Can’t say I’ve ever taken a bonus into consideration when budgeting. Its not always guaranteed, that and once a year doesn’t make sense. I agree with others budget for base. The bonus should be on top and you can use it for whatever- mine I use for investment and savings usually

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