Budget wi

@tatianamamixo

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Why it worked

The video provides a transparent and detailed look into personal finances, which resonates with viewers seeking financial literacy and relatable budgeting advice. The creator's personal story and clear breakdown of expenses make the content engaging and educational.

Summary

The creator breaks down her monthly budget, detailing both fixed and variable expenses. She shares her net pay, lists her fixed costs like rent and insurance, and then moves on to variable expenses including credit card debt, transport, beauty, therapy, eating out, entertainment, holiday savings, shopping, and gifts. The video concludes with her total savings for the month, aiming for a £100k goal.

Structure

1Introduction and context
2Net pay breakdown
3Fixed expenses
4Variable expenses (credit card, transport, beauty, therapy, eating out, entertainment)
5Holiday and shopping budget
6Gift budget and savings goal

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On-screen text

Budget wi with me! budget account in London recently salary online entertainment but this share far with people change without into Net Pay this £11,718 £11,718 after sacrifice taxes start expenses expenses Rent £650 £650 spent on insurance critical Critical Illness Insurance £46 £46 is my Phone Bill £28 £28 phone Phone Insurance £10 £10 have Gym £22 £22 and Subscriptions £27 £27 including and which £27 lastly Egg-freezing Storage £33 £33 storage so expenses £878 £878 Variable expenses with expense credit a Credit Card £2,000 £2,000 be has wild with so gonna not videos I videos to better variable Transport £400 £400 transport office cost £45 £45 then Beauty & skincare £200 £200 skincare month a all Therapy £203 £203 pounds that myself eating entertainment month have clear not needed so to Eating Out £300 £300 and to £200 hopefully I am excited put aside £500 £500 actually part Bill lot line more budget Shopping £230 £230 this a family way for Gifts £400 £400 this leaves whopping £6,400 £6,400 going goal big spending also so then more about transparency literacy how your sometimes it

Original caption

💷 August budget! Summer spending has been wild 🤯 so hoping this is my last expensive month for a while 😅🙏🏽 #PersonalFinance #budget #Budgeting #spending #financialtransparency

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Transcript

Budget with me! As a senior account director working in tech sales in London. Someone recently said that the rise in salary transparency online is for entertainment purposes. But I don't share this to entertain. I share this because I think money is a taboo topic in far too many communities I intersect with. Women, black people, British people. And I am being the change that I want to see. So without further ado, let's get into it. My net pay this month was £11,718. £11,718 pounds. Bear in mind this is after my pension salary sacrifice and all of my taxes. So let's start with fixed expenses. The first being rent, which is £650 pounds. I then spent £63 pounds on life insurance and £46 pounds on critical illness insurance. My phone bill is £28 pounds and my phone insurance is £10 pounds. I then have a gym membership which is £22 pounds and subscriptions including Apple, Spotify and Google Photos which sum to £27 pounds. And lastly, my egg-freezing storage costs which are £33 pounds. So that brings my fixed expenses to £878. Now, let's get into the variable expenses. Yay! Starting with the biggest variable expense, which is my credit card. I have a £2,000 pound credit card bill. I'll be honest, my spending has been absolutely wild and clearly I could do with better budgeting. So from September, I'm gonna commit to doing not only budget videos, but also what I spend in a month videos because I actually need to track my budget a bit better. The next variable expense is transport, which I spend about £400 pounds because I commute into the office twice a week and it costs me £45 pounds each time. Then I'm budgeting £200 pounds for beauty and skincare because this is a month where I need to stock up a little bit more on my goodies. Therapy is £203 pounds. Need that. Hey. And I'm giving myself a little bit more for eating and entertainment this month, which hopefully is enough. I am also going on holiday this month, which I am so excited about. So £500 pounds I have put aside for that. And actually, a large part of my credit card bill was because I shopped a lot for the holiday. So again, in line with giving myself a bit more of a realistic budget, I am allocating £230 pounds to shopping this month. I also have a very special family member coming my way. So for gifts, I am putting £400 pounds aside this month. Which leaves me with a whopping £6,400 pounds that is going towards my 100k saving goal. And that's it. A big paycheck, a big spending month, but also a big saving month. So if you enjoyed that video, then please do follow along for more because here we are all about financial transparency, teaching you how to make and grow your money. And sometimes, it