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: $31.94
Expenses for the month to date: $900.16
Net effect: -$868.22
Since the last posting I redeemed some points for a $25 Walmart gift card so I am very happy right now. I also received $4.85 from my Lending Club investments which makes it a good start for the month.
I paid the cell phone bill and rent and that was all the spending for the week because of the bad weather. I used my HSA card to pay a $76.89 medical bill that came in from December. I hate that medical bills take so long to get to you after the event and you end up not knowing what the insurance is going to pay. I would have been unprepared for this if I was not already putting money into my HSA every month or if I did not have an emergency fund but since I have both then this bill is no problem
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!