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.
Income for the month to date: $7.40
Expenses for the month to date: $872.63
Net effect: -$865.23
Since the last posting I have paid rent and all the other charges associated with my apartment like the water bill and so on. I got some money from Lending Club loans and various little interest amounts from my accounts with ING.
I spent $73.17 on food and household items out of my budget of $310 for the month.I have a full gas tank to start out the month and even if I go out of town this weekend I will not need to buy gas until next week.
I have a lot of food for Dinero so I do not think I will need to get him anything until the end of the month. I might need to get some kitty litter soon because he poops a LOT!!!!! (Dinero howls in anger at this revelation. Hiss!!!)
I did end August on a good note as I was $5.00 in the black. Yes folks, only $5 this time because I spent a lot of money and used up money that was left over from my vacation and birthday money as well. I only had $5 left from my zero based budget and that money went over to an overage account in ING where it will be used as part of a snowflake payment to my LASIK card soon.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!