38.0Talking HeadHow-To hookLifestyle

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HOW I BUDGET

@olaisflying

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121.2K

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932

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SoundTikTok sound · original sound - olaisflying

Promoted product

Monarchmonarchmoney.com

Manage your money with Monarch. Track accounts, build budgets, monitor investments, plan goals, and get a clearer view of your finances in one app.

18 videos14 creators

Why it worked

The video resonates by addressing a common financial challenge (expensive training) with a relatable personal story and a practical solution (budgeting app). The creator's dual career as a software engineer and pilot adds an interesting angle, and the clear demonstration of how the app helps manage finances makes it valuable content.

Summary

The creator, a software engineer and pilot, explains how they budget to afford expensive flight training. They use the Monarch app to track expenses and save for future training costs and a transition fund for when their income drops after becoming an instructor.

Structure

1Introduction to budgeting as a software engineer and pilot
2Explaining the high cost of flight school
3

Original caption

#ad Flight school is expensive, and the costs go beyond just paying for lessons. Monarch helps me track my spending, plan for upcoming training expenses, and save ahead so I can continue working toward my goal without running out of training funds. If you’re working toward an expensive goal, download Monarch and start your free trial.

More from @olaisflying

Product placement

Monarch: ACTS - it is a budgeting app that the creator uses to track spending, plan expenses, and save money. Removing it would change how the creator manages their finances. Spring: APPEARS - it is a logo on a laptop in the background. Removing it would not change what happens in the video.

Call to action

Start your free trial with Monarch

On-screen text

HOW I BUDGET as a software engineer & pilot how engineer way flight To become an airline pilot in the United States, you can expect a total investment between $80,000 and $130,000. If you start from zero flight experience, you will pursue a formal four- year university or aviation degree, and total tuition can exceed $1.5 Million to $200,000. expensive and sure afford Monarch get my shout fortunate six software since so flight regular expenses gas rent phone student loans flight school insurance now aviation flexible not written books fees my challenge for now happens done instructor almost cut saving flight also transition better drop Start your free trial with Monarch the using not career you're to for can i've about making sacrifice that

Transcript

How I budget as a software engineer and pilot. How I pay my way through flight school. Flight training is honestly the most expensive thing ever, and I need to make sure that I can actually afford to finish. So I use Monarch to get a full picture of where my money is going. So shout out to them. I've been fortunate enough to build a six-figure career since graduating college, so I'm intentionally using that income to fund my flight training. I track all my regular fixed expenses, like groceries, rent, phone, student loans, and now flight training. Aviation also has flexible expenses that are not written in books, like check rates, fees. But crazy enough, my biggest financial challenge for now happens once I'm done. Once I'm done, I'm an instructor, I'll spend almost a 90% pay cut. Saving. So I'm not only saving up for my next flight lesson, I'm also saving up a transition fund to better absorb that drop in income. This is the system that I'm currently using and I'm sure it's not perfect. So if you've made a major career change or you're planning to, for what I can improve on, I've never been more sure about anything, making a necessary financial sacrifice that that dream.