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.
Income for the month to date: $3.41
Expenses for the month to date: $1502.07
Net effect: -$1498.66
Since the last posting I have gotten $1.76 from Prosper loans that I transferred into my savings accounts. I only count the money that has actually been paid back and is available for transfer as income since I can lose the rest of the money at any time if someone defaults on his or her loan.
I also got $0.05 in interest from one of my ING accounts. I have paid $58.48 in electricity for the month and while this is a little higher than I would like it is still manageable since it is below the budget of $95 for electricity for the month.
I also spent $19.91 on phone cards so that I could call my family at home (yes those are international calls). I did not stay too long on the phone with my brother talking about the insurance and my mother’s house and I think the phone cards will last until the end of the month.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!