Welcome to  tracking of income and expenses for the month. Please note thatI 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.

twentyIncome for the month to date: $424.46

Expenses for the month to date: $1793.87

Net effect: -$1369.41

Since the last posting I got $145.35 in private ad sales and $3.23 from Lending Club loans that have been repaid.

I spent $19.29 on gas to fill my tank up from about 3/4 full since I had to go out of town for graduation weekend. I also spent $15.99 on breakfast at IHOP (not 415.99 as noted previosly in error…thanks Paige!!!!) after one of the parties. This included breakfast for the driver that I carpooled with since I did not put up gas money.

I spent $3.89 on dining out at McDonald’s when I was driving as I wanted a quick bite while on the road. I now only have $39.65 left on the food budget for the month and this is going to be rough as I am out of bread and have no fruits for snacks at work….in addition to needing other food as well. I am going to have to be creative and buy only the essentials so that I do not go over my food budget this month.

I will see you guys and gals later as I continue my journey to save money and become debt free!!!!