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.

twentyIncome for the month to date: $204.02

Expenses for the month to date: $2190.90

Net effect: -$1986.88

Since the last posting I paid the electric bill at a cost of $161.64 and I cannot wait for the cooler weather to come around. It has been especially difficult with me being at home all day long and having temperatures over 100 degrees every day. It is just too hot to be comfortable with only the fan running so I have needed to keep the air conditioning going. Luckily I have a rolling electricity account so this makes up for the times when the bill was less than $50 in the earlier months, so I am still under the total for the year.

I received $25.53 from Lending Club and I transferred all of it out to my ING account because I have an automatic monthly transfer of $25 to fund new loans at the end of the month. Any money that comes as repayments is therefore taken as income for the week so I don’t have to worry about making manual transfers each time.

(I know this post is late but I have been laid up in bed from Wednesday battling some illness. I made it to the doctor and I am on medication but while I was sick I could hardly get out of bed…much less sit at the computer to post!!!!!)

I will see you guys and gals later as I continue my journey to save money and become debt free!!!!