Budget My Paycheck With Me (665.89)

@lifemaxingmike

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SoundTikTok sound · original sound - lifemaxingmike

View velocity

+136.4K views over 7.3d · ~18.7K/day · 7 observations

Promoted product

High-Yield Savings Account

Why it worked

The video provides a clear and concise breakdown of a small paycheck budget, making it relatable and actionable for a young audience interested in personal finance. The creator's emphasis on high-yield savings accounts and investing also taps into popular financial trends.

Summary

A 17-year-old high school student budgets their $665.89 paycheck by allocating $200 to a high-yield savings account, $330 to a brokerage account for investing, and the remaining $135.89 to their checking account for daily expenses. The creator emphasizes the importance of using a HYSA to earn interest.

Structure

1Introduce paycheck amount and goal
2Allocate $200 to HYSA
3Allocate $330 to brokerage account
4Allocate remaining to checking account
5Ask for engagement

Product placement

HYSA (High-Yield Savings Account) ACTS - it is where money is deposited to earn interest. Removing it would change the budgeting plan. Brokerage account ACTS - it is where money is deposited to invest. Removing it would change the budgeting plan.

On-screen text

Budget My Paycheck With Me (665.89) $200 into my HYSA $330 into brokerage account $135.89 into Checking Account

Original caption

Budget my paycheck with me #paycheck #budgetingtips #Budgeting #job #savingmoneytips

More from @lifemaxingmike

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Transcript

Today's paycheck, you already know what that means. Come budget my paycheck. My paycheck is $665.89. I'm a 17-year-old working part-time in high school. First, $200 into my HYSA. First $200 goes straight into my HYSA, my high-yield savings account. If you're not keeping your money in a high-yield savings account, you're literally losing out on free bread. It's pretty easy to make an account and it's also free. Next, $330 into brokerage account to invest. Once I hit that 10k mark in my high-yield savings account, I'm definitely going to start investing more. That leaves me with $135.89 into Checking Account. That leaves me with $135.89 into my checking account for daily expenses. Appreciate y'all for watching. Let me know if you guys have any questions or tips.