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: $567.67
Expenses for the month to date: $2670.21
Net effect: -$2102.54
Since the last posting I spent $5.07 on fast food as I was hungry from driving out of town to visit friends. I received $13.79 from my investments in Lending Club and the majority of my loans are on time. I redeemed $3.47 in coupons,with $2.47 of that being for a totally FREE item from a manufacturer.
I ended up spending over my budget this month because I got some things for my dad that were not on the miscellaneous budget at all because he really needed them. Luckily I got some advertising income that took care of the outflow of cash so even though I spent more than I had planned I am not at a low balance on my accounts.
We will be getting paid in two days so the cycle of the zero based budget will start all over again on Tuesday. I am currently building up a nice buffer in my checking account with ING and this goes along well with all the other savings that I am building up as well.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!