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: $293.46
Expenses for the month to date: $3902.58
Net effect: -$3609.12
Since the last posting I spent $870 for two weeks of training in the summer to further my career. This money came out of the snowflake account which then paid the credit card that paid for the classes. These are not going to be reimbursed by my employer because they are not required for my current position but I do consider them an investment in myself because I will be able to move to a higher level in my field.
I received $1.78 from Prosper loans that have been repaid and pulled in $3.30 from Lending Club from loans that have been repaid.
I made a few snowflake payments to various debts and I am now showing a big negative cash flow, even though I have savings.The reason I made all those extra payments was that I did not know I would have to pay for those two classes during the summer.
I received $125 in advertising on the blog and took $100 of that to invest in Lending Club. I put $25 into the snowflake account which has been seriously depleted by all the extra payments I made towards the car in the last few months.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!
Educating yourself, and growing your knowledge and expertise in your field, even if it doesn’t bring immediate financial reward, is the best investment you can make! I am thrilled to discover this aspect of you, it really makes you stand out and inspire me even more.
How can I better track my finances and stick to a budget when dealing with many accounts and currencies? I’m looking for recommendations on budgeting software that is international-friendly (multiple currency support, ease of entry and import of data). Any experiences from other international users?