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.

twentyIncome for the month to date: $0.05

Expenses for the month to date: $860.80

Net effect: -$860.75

I have paid rent, insurance and water for the apartment and this was the bulk of the expenses to date. I also made a small transfer to savings (classified as a bill to keep me honest) and made a small payment on personal loans.

I sent off $56.00 to one of my credit cards as the minimum payment was $55 for the month.  I have targeted the Capital One card for payoff before the end of February because the 0% interest offer ends then and the rate goes up!!!!!

Some of you may have noticed that I used to have a picture of a penny as the image for this post and I now changed to a $20.00 bill. I am employing one of  the principles in 101 Ways To Magnetize Money and I started to carry a $20.00 with me. I am still not going to use cash (money is so dirty AND I can get rewards by using my credit cards) but I decided to use the image of the bill I carry around since it is a greater denomination.

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