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: $302.92
Expenses for the month to date: $1505.26
Net effect: -$1202.34
Since the last posting I spent $53.41 on some personal items that will last me the next few months. The total actually came to $60.62 after tax but I purchased the items online through a program that earns cash back on every purchase.
I received $14.23 from my Lending Club investment this week which was really surprising as people generally tend not to have extra money to pay their loans right after Christmas.
I had $6.61 in cash back, which was then applied to my purchase automatically, reducing the payment. I earned $2.67 in cash back which I can redeem in April. I am not sure how they calculate when you can use the cash back since April seems a long time away but I guess I probably won’t be buying anything from that site until then anyway.
I will see you guys and gals later as I continue my journey to save money and remain debt free!!!!