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: $58.47
Expenses for the month to date: $1149.60
Net effect: -$1091.13
Since the last posting I had $58.22 in my Lending Club account so I issued two new loans and collected the $8.22 as income for the week. I also received $6 from PineCone from different surveys and that money is being added to the Splurge Fund!!!
I spent $31.42 to fill my tank up from around a quarter tank and I am glad that I have been hedging my gas into a gas savings account as the price of gas just keeps going up.
Food cost came in at $91.64 and I used a $0.55 coupon on the bread this week.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!
expenses seem to be lot higher for you this month . next month i have to file my income tax returns for the first financial year. so it a bit busy with all accounting work 🙂 seems money i spent is lot less than i earned