Let's budget your June income

@millennial30something

24.0K followers · usually 1.9K views a post

Views

22.0K

Likes

460

Comments

19

Shares

31

SoundTikTok sound · original sound - millennial30something

Promoted product

Budgeting Template

Stan | Linksite

Why it worked

The video taps into a common financial struggle (budgeting and overspending) and offers a relatable solution (a budget template). The creator's transparency about her own spending challenges and her clear goal of homeownership create a strong connection with the audience.

Summary

The creator breaks down her June budget, highlighting income, fixed expenses like rent, debt payments, and variable spending. She notes overspending in groceries and expresses uncertainty about a planned vacation due to rising costs, emphasizing a focus on saving for a new home.

Structure

1Introduction to June budget goals
2Income and fixed expenses (rent)
3Debt repayment strategy
4Variable spending and overages
5

Original caption

June spending already has some red flags 🚩 😳 Not every budget is going to work out perfect. A budget is a guide for your money but there will definitely be times where your estimates were off or expenses were higher than you anticipated. *this* is where you push through, learn, re-evaluate, and adjust. Don’t throw in the towel because it’s not perfect. #budget #Budgeting #PersonalFinance #financialliteracy

More from @millennial30something

Product placement

The creator is using a budgeting template, likely created by herself or a related entity, which is displayed on screen. She offers this template to viewers.

Call to action

Comment budget or click the link in my profile if you want this template.

On-screen text

June Budget Married • $430k income • Houston CASHFLOW SUMMARY CATEGORY Income Savings / Investments Variable Spending Bills Subscriptions LEFT PLANNED $ 30,755.06 $ 13,750.08 $ 4,771.30 $ 4,771.30 $ 321.55 $ 817.86 ACTUAL $ 19,323.93 $ 8,750.00 $ 5,547.42 $ 5,391.85 $ 3,576.07 $ 82.29 DIFFERENCE ($11,431.13) ($ 5,000.08) $ 776.12 $ 620.55 $ 3,493.78 ($ 735.57) BILLS CATEGORY Rent Utilities Car Insurance Car Payment Cell Phone Entertainment Trash/Recycling Elections Family Supply L Fun Money Social Media Expenses House Expenses PLANNED $ 3,100.00 $ 500.00 $ 500.00 $ 500.00 $ 100.00 $ 100.00 $ 150.00 $ 150.00 $ 1,300.00 $ 800.00 $ 50.00 $ 50.00 ACTUAL $ 3,100.00 $ 500.00 $ 500.00 $ 500.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 860.73 $ 442.85 $ 22.29 $ 0.00 DIFFERENCE $ 0.00 $ 0.00 $ 0.00 $ 0.00 ($ 100.00) ($ 100.00) ($ 150.00) ($ 150.00) ($ 439.27) ($ 357.15) ($ 27.71) ($ 50.00) VARIABLE SPENDING CATEGORY Groceries Eating Out Pets Therapy/Counseling Personal Care Clothing Entertainment Home Decor Elections Family Supply L Fun Money Social Media Expenses House Expenses PLANNED $ 600.00 $ 200.00 $ 200.00 $ 325.00 $ 200.00 $ 100.00 $ 150.00 $ 100.00 $ 1,300.00 $ 800.00 $ 50.00 $ 50.00 ACTUAL $ 654.52 $ 204.27 $ 185.56 $ 325.00 $ 250.00 $ 0.00 $ 0.00 $ 0.00 $ 860.73 $ 442.85 $ 22.29 $ 0.00 DIFFERENCE $ 54.52 $ 4.27 ($ 14.44) $ 0.00 $ 50.00 ($ 100.00) ($ 150.00) ($ 100.00) ($ 439.27) ($ 357.15) ($ 27.71) ($ 50.00) SAVINGS / INVESTMENTS CATEGORY New Houses/Moving Fund Licenses Car Maintenance PLANNED $ 13,750.08 $ 250.00 $ 300.00 ACTUAL $ 8,750.00 $ 0.00 $ 0.00 DIFFERENCE $ 5,000.08 ($ 250.00) ($ 300.00) Comment Budget Or click the link in my profile if you want this template

Transcript

Let's budget your June income as a married couple earning 430k income living in Houston prioritizing saving for our first home. We are expecting about 30k in income this month and that is from our full time 9 to 5 jobs. Our largest expense every month is our rent, it's 3100 dollars. The rest of our fixed expenses are pretty minimal and trust me we are enjoying it while it lasts because the costs as future homeowners are going to increase a lot. I'm planning to put 2600 dollars towards debt that includes the 2k snowball payment for my student loans. I'm only 9 thousand away from only being in 5 figures instead of six. I'm estimating our variable expenses around 4800 but I'm already seeing some red flags in our spending like how we've already blown through our 600 dollar grocery budget and it's only the second week of the month. I log our spending every single week so I can spot things just like this. Comment budget or click the link in my profile if you want this template. We also budgeted 1500 in June to book a trip for the 4th of July but after looking at the prices I'm not sure that's gonna happen. We're in major saving mode so we are trying to save about 50% of our income this month which is almost $14,000. Majority of that is going into our new home/moving sinking fund which should get us pretty close to being fully funded at a goal of $30,000. So be sure to follow along if you like budgeting, paying off debt and living real life at the same time.