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: $7.20
Expenses for the month to date: $976.34
Net effect: -$969.14
In the last week I have gotten a $3 check from Pinecone, $1.76 from Prosper and $2.44 from Lending Club. This is a nice little start to the income flow for the month and has already been routed to my snowflake account where I will be sending extra money towards debt repayment.
January is supposed to be a No Spend Month and so far the only money I have actually ‘spent’ has been on bills which do not count. I paid rent and all its associated trimmings and also the internet and electricity bills.
The electricity bill was VERY high for me this month at $148.49, which puts me in the red by $63.49. It really is my fault entirely because I ran the central heater in the apartment instead of using my space heater during the winter.
On another note I got a credit of $20.48 on the internet bill because of outages last month so that helps a little bit. I need to reduce spending by another $43.01 in order to break even so far and I will just have to see what happens later in the month.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!