Sheffield United manager Chris Wilder says the club should learn from Bournemouth and Burnley.
Wilder is preparing to lead the Blades in the Premier League for the first time in 12 years after promotion.
Yet despite their inevitable increased finances, the 51-year-old says United must be sensible in the transfer market.
While former top flight clubs like Bolton Wanderers have been mismanaged to the point of administration, Wilder says others have done it the right way.
“We’ve got to be mindful but we’ve got a desire to do well,” he told the Sheffield Star.
“I take inspiration from what the likes of Bournemouth and Burnley have done. They’ve built properly and we like to think we can do that, because we’re teachers too.
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“If you look at football, so many clubs get themselves in trouble. So you have to be diligent and have a sensible approach.”
Exciting news
Although Wilder says the Blades “don’t want to be all about the cheque book”, he also has an exciting update.
“It is safe to say our transfer record will be broken this year as we have ambition,” the United boss continued.
“We want to invest in young players. Young players who can step up to this level and fit in with the core of the group who have got us here.”
Currently the club record fee stands at the £4.1m paid to Brentford last summer for John Egan. Prior to that the record stood for 11 years with the £4m (BBC) it cost to sign James Beattie in 2007.
The signing of Beattie was made the last time United dropped out of the top flight. The transfer market has changed greatly since then and Wilder is right to expect to have to pay larger fees.
It could be a busy summer ahead for the Blades.