Paycheck Breakdown: 24 year old engineer

@financebynick

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SoundTikTok sound · original sound - pianosoin

Why it worked

The video likely resonated with viewers due to its relatable content about personal finance and budgeting, particularly for young professionals. The clear breakdown of expenses and the teaser for a larger upcoming paycheck create engagement and encourage viewers to follow for more financial tips.

Summary

A 24-year-old engineer breaks down their paycheck, allocating funds for rent, credit card payments, a new car payment, Roth IRA contributions, and student loans. The video concludes with the remaining amount for personal spending and a teaser for the next paycheck, which is expected to be the largest yet.

Structure

1Introduction and paycheck amount
2Rent savings allocation
3Credit card payment
4Car payment
5Roth IRA contribution
6Student loan payment
7Personal spending
8Teaser for next paycheck

Product placement

The video shows a paycheck breakdown, detailing expenses like rent, credit card payments, car payments, Roth IRA contributions, and student loans. No specific product is being promoted.

Original caption

Budget my engineering paycheck with me #budget #investing #PersonalFinance #moneytok

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On-screen text

$3568 $3568 OFF THE TOP. $2768 -$800 (Rent) $2142 -$800 (Rent) -$626 (Credit cards) $2142 -$800 (Rent) -$626 (Credit cards) $1542 $742 -$800 (Roth IRA) $242 -$800 (Roth IRA) -$500 (Student loans) $0 -$800 (Roth IRA) -$500 (Student loans) -$242 (Personal spending) Paycheck Breakdown: 24 year old engineer AND BUDGET. MY THE YEAR AS A 24 YEAR OLD ENGINEER. NO SURPRISES THIS MY STANDARD PAYCHECK, SO THIS TIME OFF THE TOP YOU ALREADY KNOW FIRST, I MOVE $800 MY RENT SAVINGS. THIS PAYS HALF SO I DON'T ABOUT PAYING 16 ONE CHECK. OFF ALL MY OVER THIS PREVIOUS PAY PERIOD $626. IT'S CRAZY BECAUSE ALL $626 WERE SPENT ON CHIPOTLE. I'M TROLLING. THE LAST VIDEO PEOPLE FLAMING ME YOU'LL GET WHAT NEXT UP IS AS Y'ALL KNOW, A NEW CAR. $587 A MONTH. SO THIS TIME I'M GONNA PAY 600. ELSE IS CONSIDERED LEFTOVER. MOVE $800 TO MY ROTH IRA DOWN $500 IN STUDENT LOANS. $242 FOR PERSONAL SPENDING. FOR THE NEXT ONE BE MY LARGEST PAYCHECK I'VE EVER FOLLOW FOR MORE

Transcript

AND BUDGET. MY THE YEAR AS A 24 YEAR OLD ENGINEER. NO SURPRISES THIS MY STANDARD PAYCHECK, SO THIS TIME $3568 $3568 OFF THE TOP. OFF THE TOP YOU ALREADY KNOW FIRST, I MOVE $800 $2768 -$800 (Rent) MY RENT SAVINGS. THIS PAYS HALF SO I DON'T ABOUT PAYING 16 ONE CHECK. OFF ALL MY OVER THIS PREVIOUS PAY PERIOD $2142 -$800 (Rent) -$626 (Credit cards) $626. IT'S CRAZY BECAUSE ALL $626 WERE SPENT ON CHIPOTLE. I'M TROLLING. THE LAST VIDEO PEOPLE FLAMING ME YOU'LL GET WHAT NEXT UP IS AS Y'ALL KNOW, A NEW CAR. $2142 -$800 (Rent) -$626 (Credit cards) $587 A MONTH. SO THIS TIME I'M GONNA PAY 600. $1542 ELSE IS CONSIDERED LEFTOVER. $742 -$800 (Roth IRA) MOVE $800 TO MY ROTH IRA DOWN $500 IN STUDENT LOANS. $242 -$800 (Roth IRA) -$500 (Student loans) $242 FOR PERSONAL SPENDING. $0 -$800 (Roth IRA) -$500 (Student loans) -$242 (Personal spending) FOR THE NEXT ONE BE MY LARGEST PAYCHECK I'VE EVER FOLLOW FOR MORE