Tracking My Finances In 2010: December Week 1

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.

twentyIncome for the month to date: $9.95

Expenses for the month to date: $789.74

Net effect: -$779.79

Since the last posting I paid $10.70 to ship some items over to my father that he really wanted. I also got a pedicure at $25 and left a $5 tip because I had been wearing closed shoes all day long at work. Total rent payments with water etc. included came in at $749.04 for the month.

Income for the week so far was $2.45 from a CD that I have at Ally bank that I had completely forgotten about. Well not exactly forgotten about, but I don’t check it since the money is locked down for a long period of time. I have never bothered to add in the interest received to my monthly income before because it was under $2 but now that I have crossed the threshold I will be counting it on the weekly money report. I also received $7.50 from Lending Club investments and I am happy that people are repaying their loans instead of opting to use the money for Christmas spending.

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

Author: Lulu

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