PAYCHECK BREAKDOWN: 25 YEAR OLD ENGINEER

@financebynick

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Why it worked

The video provides a transparent and relatable paycheck breakdown, appealing to viewers interested in personal finance and budgeting. The use of on-screen text and clear numerical breakdowns makes the information easily digestible.

Summary

A 25-year-old engineer breaks down their paycheck of $3,657 after taxes and contributions. They allocate funds to rent savings, credit card payments, car payment, investments, student loans, and general savings.

Structure

1Introduction and paycheck amount
2Rent savings allocation
3Credit card payments
4Car payment
5Remaining funds allocation (investments, student loans, general savings)
6Concluding thoughts on financial goals

Product placement

The video shows screenshots of financial transactions, including rent savings, credit card payments, car payment, and investment transfers, all related to personal finance management. No specific product is promoted.

Call to action

Follow for more finance tips.

On-screen text

PAYCHECK BREAKDOWN: 25 YEAR OLD ENGINEER HAVEN'T POSTED ONE SO I FIGURED BRING IT BACK. PAYCHECK AS A 25 YEAR OLD ENGINEER. SO AFTER TAXES GOT PAID $3,657. $3,657 IS MOVE $800 $2,857 TO MY RENT SAVING HAVE OF MY NEXT I PAID $1,588 OF ALL 5 AND THAT CAME $1,588 OUT TO BE $1,269. NEXT I MADE $1,588 PAYMENT SCHEDULED $988 THE LAST $988 WHATEVER I WANT. SOME STUDENT LOANS, I CAN INVEST, IT FOR PERSONAL SPENDING. SO I DECIDED $188 TO INVEST $800, PAY $100 IN STUDENT LOANS, THE REMAINING $88 TO GENERAL SAVINGS. SO NOTHING TOO WITH THIS PAYCHECK. SURE THAT I'M INVESTMENTS AND PAYING OFF ALL MY DEBT. FINANCE TIPS.

Original caption

Budget my first paycheck of June with me! #PersonalFinance #engineering #9to5 #moneytok

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Transcript

haven't posted one of these in a while so I figured it's time to bring it back. Let's budget my paycheck as a 25 year old engineer. So after taxes and contributions, I got paid $3,657. The first thing is move $800 to my rent saving and this covers half of my next I paid down the balance of all 5 of my credit cards and that came out to be $1,269. Next I made my car payment which was $600. So now with the last $988, I can do whatever I want. I can pay some student loans, I can invest, I can save it for personal spending. So I decided to invest $800, pay $100 in student loans, and then move the remaining $88 to general savings. So nothing too crazy going on with this paycheck. I want to make sure that I'm investments and paying off all my debt. Follow for more finance tips.