Budget my paycheck!

@tylerworley3

25.4K followers · usually 26.5K views a post

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SoundTikTok sound · original sound - tylerworley3

Why it worked

The video likely performed well due to its relatable content about personal finance and budgeting, presented in a straightforward and engaging manner. The creator's clear breakdown of their spending and saving habits, combined with the relatively small paycheck amount, makes it highly accessible and encouraging for viewers facing similar financial situations.

Summary

The creator budgets their $907.78 paycheck by allocating $350 to savings, $250 to investments in ETFs, $40 for the next month's phone bill, and $100 for gas. This leaves them with $167.78 for the remaining two weeks.

Structure

1Introduction and paycheck amount
2Allocate $350 to HYSA
3Invest $250 in ETFs
4Set aside $40 for next month's phone bill
5Budget $100 for gas
6Remaining balance for two weeks

Product placement

The creator mentions and shows allocations for their High-Yield Savings Account (HYSA), investments in ETFs (VOO, QQQM, VGT), phone bill, and gas. No specific product or service is being promoted.

On-screen text

Budget my paycheck! ($907.78) HYSA: $350 Investments: $250 Phone bill: $40 Gas: $100 Left over: $167.78

Original caption

Come budget my paycheck with me! #finance #budget #financialliteracy #saving

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Transcript

Today is payday, so y'all already know what that means. Come budget my paycheck with me. This pay period I worked some pretty good hours, so I ended up getting paid $907.78, which is a pretty good paycheck for me. But you guys already know what I do with the majority of my money. The first thing that I did was I immediately put $350 straight towards my high-yield savings account. I'm trying to max it out and keep maxing and adding money. I'm really heavy on saving money, so yeah, I added 350 to my HYSA. Next thing I did was, since I don't have a really crazy month with expenses wise, I really decided to save and invest heavy. So I therefore put $250 into my investments/my brokerage account. I'm investing in three ETFs: VOO, QQQM, and VGT. And the last two things I did were, I put $40 towards my phone bill for next month, so I don't have to worry about it because I like to get ahead on my phone bill. So when it comes up, I don't got to pay it. And the last thing I did was I did budget $100 towards gas because my car doesn't eat up a lot of gas, so the max the refill is like $50 and I only fill up two or three times a month, so $100 is gonna do the job for me for gas. And without all my expenses being left out the way, I was left over with a total of $167.78 to last me for the next two weeks. Let's see if I can do it. Thank you so much.