Welcome to tracking of income and expenses for the month. Please note that I get paid on the last day of the month so my cash flow net effect will usually be negative until the last day of the month.

This does not mean that I am adding to my debt, it just means that the money coming in is less than the money going out because bills are due starting on the first but I don’t get paid until the last day.

So again to clarify (since I get so many questions), this shows the cash FLOW for the month. On Day 2 of every month I will have a negative FLOW because I have paid rent etc so money has LEFT my checking account. I have not had any money come in on Day 2 of the current month since I got paid on day 27 or 30 or 31 of the previous month so that income is counted for LAST month.

twentyIncome for the month to date: $13.02

Expenses for the month to date: $2283.16

Net effect: -$2270.14

Since the last posting I got $1.68 from Lending Club loan repayments as income. I paid the car loan and insurance and spent $10 on phone cards as listed in my budget.

It is hard for me to be here overseas and operating on a cash only basis to update the money spent, especially with taking cash for my vacation money and then having my brother slip some cash into my wallet and then take some change.

I will try to keep the records straight and just know that I took $620 extra as vacation money….so I can go that much ‘over’ the budget this month and still be okay.

I will see you guys and gals later as I continue my journey to save money and become debt free!!!!