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: $547.00
Expenses for the month to date: $1346.07
Net effect: -$799.07
Since the last posting I redeemed $50 in Discover card rewards and that was deposited to my ING account for use this month. I used to redeem my rewards for gift cards because you could get a bonus $5 for redeeming $45 worth of rewards. This meant I could get a $50 gift card for using up $45 in rewards.
I also received $25 into my Paypal account for redeeming 4550 MyPoints for cash.
I have changed my thinking now so I prefer getting the cash deposited to my account and then I can charge a full purchase to get even more rewards in the future.
I redeemed $8 in coupons this week and $6 of that was two $3 coupons I got by redeeming points from my kitty litter.
Lending Club earned me $8.66 this week and that went straight into my ING account and I got some advertising from different avenues. I have to take my car to the mechanic next week so I am dreading the thought of what THAT bill will look like.
I will see you guys and gals later as I continue my journey to save money and remain debt free!!!!
Lulugal, I’m kinda new to this site – I wanna know how do you keep up with all the coupons and discounts and all the redeemable points – where do you find them, and most importantly – is it a full time job to manage it all?