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: $16.52

Expenses for the month to date: $2041.38

Net effect: -$2024.86

Since the last posting I spent $14.60 on textbooks for a class that I am taking right now. I was very fortunate to get the books used (in good condition) from Amazon so I did not have to spend a lot of money for them. It would have been even better if I could have gotten them for free….but that was not possible this time.

I have also sent off $15 to my FNBO account for savings…classified as a bill for budgeting purposes.

I got $3.77 from Prosper for loan repayments and $0.08 from one of my ING accounts.

With just a few more days to payday I am on track with the budget….but next month will be crazy because I will be going home and will have to be on a strictly cash only basis. I have already set aside the money I will need to go home and I am not sure how I will do these tracking posts because I will be working with a foreign currency….and oh well.

I guess I can continue to do a weekly posting and round off the numbers and convert as needed…so stay tuned for that.

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