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: paycheck came in already
Expenses for the month to date: slightly above budget
Net effect: $400.73
Since the last posting I finally bought gas for the month at a total of $24.03 and I bought four more lobster tails at a cost of $49.84. Yes I know that is expensive but I am calling that my Christmas gift since I did not buy any presents for myself. I will have to be creative with the groceries in the upcoming months so that I can buy lobsters and still stay within my food budget for the month.
I received $9.84 from Lending Club, which brings my total income for the month to $38.90 from Lending Club. I received another check from PineCone for completing surveys which I added to the snowflake fund. I ended the month with a positive cash flow in spite of going a bit over the spending allocation for the month.
I am ready to take on 2011 with my revised Zero Based Budget and no debt!!!!!
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!