How much I spent

@allenvert

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Why it worked

The video provides a transparent and detailed look into the spending habits of a young professional in a high-cost-of-living area, which resonates with viewers interested in personal finance and budgeting.

Summary

A 24-year-old software engineer in the Bay Area details their monthly spending, including rent, car insurance, investments, food, gifts, gas, phone bill, shopping, gym membership, and groceries. After accounting for all expenses, they are left with approximately $800 in savings.

Structure

1Introduction of spending breakdown
2Net income and major expenses (rent, car, investments)
3Discretionary spending (food, gifts, gas, phone, shopping)
4Health and necessities (gym, groceries)
5Final savings calculation and investment consideration

Product placement

The video shows a breakdown of the creator's monthly expenses, including investments in the S&P 500. Images of food, shoes, and jeans are shown briefly. No specific product is promoted.

Call to action

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On-screen text

How much I spent 24 y/o software engineer in the Bay Area ☀️ Take home: $7213.02 Rent: $700 Car: $200 S&P: $3,200 Food: $1100 Gifts: $500 Gas: $400 Phone: $100 Shopping: $0 Gym: $110 Groceries: $175 Savings: ~ $800

Original caption

How much I spent as a 24 year old software engineer working in the Bay Area ☀️ #softwareengineer #Budgeting #PersonalFinance #salary #techjobs

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Transcript

this is how much I spent as a 24 year old software engineer in the Bay Area ☀️ I spent as a 24 year old software engineer living in one of the most expensive places in the US after taxes and 401k contributions. I took home exactly $7213.02 for the month of March. First off I live at home with my grandparents and paid $700 to them for rent. For my car, it's officially paid off so I no longer pay off an auto loan, but I still pay $200 a month for insurance. I invested $3200 into the S&P 500. For eating out, I spent $1100 which is a lot, but I do treat out my friends and family a good amount. For gifts, I spent about $500 because I bought my brother some new shoes and pants for his birthday. For gas, I spent $400 because these gas prices are absolutely absurd. For my phone bill, I paid $100. For shopping, I'm pretty sure I spent $0. I really haven't bought anything new, which I'm pretty happy about. For health, I spent $110 on a rock climbing gym membership. And for groceries, I spent around $175. This leaves me with about $800 in savings. Bear in mind the $3200 that I invested, which I pretty much treat as savings. I hope this was insightful. Follow along for more finance content.