The video provides a transparent and relatable breakdown of personal finances, offering practical tips and insights into budgeting and debt management that resonate with viewers seeking financial guidance.
Summary
The creator breaks down their second paycheck of September, detailing their income and expenses. They highlight progress in paying off debt and managing subscriptions, while also allocating funds towards savings and investments.
Structure
1Introduction and income overview
2Checking account balance
3Rent and bills allocation
4Capital One credit card payments
5Subscription costs (AMC, CapCut, Google Storage)
6
Original caption
2nd Payday Routine of September as a 23 year old living in LA, this video helps me track my spending so i know exactly how much i spend in a month and where my money went! #paydayroutine #paycheckbreakdown #Budgeting #payday #budgetbreakdown
More from @dejamonea
More breakout videos from this creator.
Debt payments (Sallie Mae, Chase fee)
7Transportation and groceries
8Investments (Fidelity Roth IRA, 401k)
9Emergency savings fund
10Concluding remarks and future paychecks
Product placement
DJI (appears, does not affect video)
Capital One (acts, its interface is operated to show balance and payment)
AMC (appears, its subscription cost is shown)
CapCut (appears, its subscription cost is shown)
Google Photos (acts, its storage cost is shown)
Sallie Mae (acts, its student loan balance is shown)
Chase (acts, its service fee is shown)
Fidelity (acts, its Roth IRA balance is shown)
Savor (appears, its current balance is shown)
Apple (appears, its phone is held but not used)
On-screen text
paycheck breakdown &
budget with me
(as a 23 year old on a $40,000 income)
net income: $1,256.04
$1,256.04
bills account: $550
$708.06
capital one min payment: $25
capital one xtra payment: $125.01
$360.00
amc a-list sub: $29.99
$528.06
capcut sub: $19.99
$508.07
google storage: $19.99
$488.08
sallie mae student loan: $11.02
$477.06
tranportation: $106
$371.06
groceries: $176
$195.06
chase ser fee: $15
$180.06
fidelity roth ira: $36
$144.06
emergency savings fund: $125
FXAIX - S&P500
FSPSX - INTERNATIONAL
FSAKX - TOTAL MARKET
Transcript
Hello and welcome back to my paycheck breakdown. This is my second check of September, and I'm trying to pay off over $96,000 in debt. So, this month from my salary based job, I brought in $1,256.04. Totaling my checking account coming into $1,258.06. So, let's go ahead and get into my expenses and things that I allocated money for on this check. Now, the most important thing, rent. If you guys saw my last video, rent was something that I was like, just using one whole check. Rent. Now, I took you guys's advice in the comments and I started splitting it up with my checks. So now I put $550 into my bills account, so I can be less stressed from my rent and my whole check doesn't go towards it. So that definitely has helped a lot. Brought me down to about $708.06 to work with for the next two weeks. For my Capital One saver card, we were at a balance of $510.01. The minimum payment due that is on autopay for $25. I was able to make an extra payment of $125.01, bringing my Capital One saver balance down to $360.00. Thank you so much, making some progress. And be able to have that hopefully paid off by the end of September. And then I had these subscriptions kind of coming out this pay period. So I had AMC A-List subscription of $29.99. And then I had a CapCut subscription of $19.99 to edit my videos. And then I also had Google storage, $19.99. I actually canceled it. I just did it for the annual. Um, so I realized that Google Photos isn't really for the photos or storage. I don't need that. And then for debt. Now for my Sallie Mae loans, I only owe $11.02 this month. For transportation, I put away about $106. For groceries, $176. I used $176 for my grocery bill. I went to Trader Joe's this time and I got a lot of fall things. So I was really excited. And then I had a $15 service fee from Chase. This service fee comes in and out. I like never know when it's coming. So that's why I put $36 into my Fidelity Roth IRA. I have a 401k match with my salary based job that I put in every two weeks already. So that's already like out of sight out of mind. And then that one is growing. Also guys, I don't have an emergency fund. I used to have an emergency fund earlier this year that had got depleted because I was moving and how a lot of moving expenses. So that's why I put $125 into my emergency savings fund this month. In this economy, you can never be too sure about any of your jobs. So having an emergency fund of any sort is really like peace of mind that I think most people want and don't have with working a regular job. So that's all I did with this check. I do have two more checks coming in for the month of September. Let me know if you guys found this video helpful. And I'll see you guys in my next paycheck breakdown.
