Budget my $2807 Paycheck WITH ME

@madisonmartellaro

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Selling · Course / Info

Budgeting coaching

https://stan.store/madisonmartellaro_619 ↗

Why it worked

The video provides a transparent and relatable breakdown of a paycheck, which is a common pain point for many viewers. The creator's offer to help others with their budgeting, combined with the clear demonstration of her own budgeting process, creates an incentive for engagement and positions her as a helpful resource.

Summary

The creator breaks down her $2807 paycheck, detailing deductions like taxes, 401k, and HSA. She then allocates the remaining funds into three categories: needs (daycare, utilities, groceries, gas, phone), wants (clothing, entertainment, personal care, household upgrades), and investments (Roth IRA).

Structure

1Introduction and paycheck amount
2Pre-paycheck deductions
3Net paycheck amount
4Budgeting categories: Needs, Wants, Investments
5Allocation of funds within each category
6Call to action for budgeting help

Product placement

The creator is budgeting her paycheck and offers to help others with their budgets, implying she offers budgeting coaching services. Her Stan Store link is provided in her bio.

Original caption

Would love to start helping others with their budget, let me know if you would be interested in the comments below 🫶🏽 #Budgeting #financialliteracy #savingmoney #personalfinancetips #moneytips @Bloom Nutrition

More from @madisonmartellaro

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Call to action

Comment below if you have questions or are interested in help with your budget.

On-screen text

Budget my $2807 Paycheck WITH ME Taxes: $1,079 401K: $228 HSA: $125 Ins: $142 ESPP: $137 $2,807 Needs Wants Investments Daycare: $980 Utilities: $150 Groceries: $500 Gas: $100 Phone: $100 Clothing: $150 Entertainment: $400 Personal care: $100 Household upgrades: $127 Roth IRA: $200 401K ESPP HSA

Transcript

Today's payday, so let's budget my paycheck together as a mom and corporate employee that's trying to build wealth. I make over six figures, but spoiler alert, that is not what hits my account. This is everything that comes out before I even get my paycheck. Taxes: $1,079, 401k: $228, HSA: $125, Ins: $142, ESPP: $137. And this is what I'm left with on payday. With my take-home pay, I simply split that into three buckets. That's my needs, wants, and investments. Now, my needs for this pay period is daycare at $980, utilities $150, groceries $500, gas $100, phone $100. Now for my wants for this pay period, we have clothing at $150, entertainment $400, personal care $100, household upgrades $127. Last but not least is my investment bucket and that's my Roth IRA. I contribute $200 a month to this investment and all my other investments happen before my paycheck even hits my account. 401k, ESPP, HSA. So any questions you have, let me know in the comments below and I would love to help one of you guys build out your budget because I know that's the hardest part of getting started with your finances. So comment below.