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: $392.48
Expenses for the month to date: $2269.70
Net effect: -$1877.22
Since the last posting I spent $70 on insurance by putting it into the car fund as the next 6 month payment is not due until the end of July. According to the new total it will cost me $65.94 per month for my insurance, but I am leaving the budget unchanged and will just pay the full amount from the Car Fund. I will continue to ‘pay’ $70 into the car fund every month in order to keep the budget stable.
Income for the week was $28 from the blog and $10 gift card for redeeming some points from my insurance. I also got $4.93 from Lending Club and then reinvested $25 to make a new loan this month. I did not spend a lot this week as I spent most of the week at home and my birthday spending is going to be separate from the regular budget money. This weekend I will be going out to Red Lobster but this is coming out of the birthday blowout money!
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!