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: $350.00
Expenses for the month to date: $821.10
Net effect: -$471.10
Since the last posting I spent $24.37 on household items and $35.02 on food. I realize that week one reporting only covers two days so I am splitting the shopping and will get Sunday’s shopping week 2 to balance the expense flow. Blogging income was $350 which is a very nice way to start the month and balance out spending so far. I also paid rent and associated apartment costs and moved some money to savings.
I made a minor tweak to the budget this month to account for some changes that will be coming up in the future, including some snowflake payments that will be going out quite soon.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!