I have decided to post my weekly spending for the previous week on Fridays so you know how my cash has been flowing for the week. 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: $824.42
Expenses for the month to date: $2380.67
Net effect: -$1556.25
Since the last posting I sent $135 to savings for the month and paid the rest of the bills that were due. I got some money for advertising on the blog and this was a big mood booster to me to see this coming in.
I also received $6.48 from Lending Club, bringing my investment income from there to $17.81 for the month and I will still be funding a new loan next month at a cost of $25. I only got $3.27 from Prosper but since I am moving all my money out that does not bother me.
I will be buying gas tomorrow as I have a trip planned to help a friend move some furniture and I will be getting some groceries on Sunday as well so that should round out the spending for the month, just before I get paid next Tuesday.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!