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: $203.98
Expenses for the month to date: $2096.71
Net effect: -$1892.73
Since the last posting I received $15.57 from Lending Club loans for the week, bringing the income from my investment to $24.48 and we are barely halfway through the month. I have decided to fund TWO new loans this month because I have already met the income for funding my one loan per month.
I spent $46.68 to fill up the rental with gas (more on that later) and the electric bill came in at $137.91 which is really high even for me. This is mostly because we have been having 100+ degree weather and I am in the house all day long.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!