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: $379.48
Expenses for the month to date: $3344.32
Net effect: -$2964.84
Since the last posting I received $4.86 from Lending Club, bringing total receipts for the month to $29.34, which will allow me to fund a new loan next month. I spent $16.66 to order some cereal….yes I know that is a lot for three boxes but it is a British cereal that I just LOVE and it is hard to find in the US. I used to order it from Canada until the company there stopped carrying it and I just recently found an American store that carries it but I have to order it online.
I still have some shopping to do later today and we get paid tomorrow so I think I will end up in the black at the end of the month after all.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!
LULU!!!!!!!!!!!!
Hey Jag….the prodigal blogger!!!!!
RE foreign cereal: even frugal people have to have their luxuries. 😉
Why not use your previous month’s income for this month’s tracking, since it’s on the last day of the month? (Sorry if you’ve already explained…)
We have a budget program that we use called YNAB( You need a budget!:P) that does that, so we start with 4000 made last month to pay all the bills on the first, than let our pay cheques accumilate for the next month. any extra goes to savings debt and by the next month we start with 4000 again. (ex: if we make more than the 4000 like 4600 than the extra 600 is put somewhere else so we CAN’T spend it on say a splurge at lush bath products lol.) Works well for us, but again, that’s us.
im in a spending spree , spending online with all these cash on delivery and easy credit card payment stuff. gettting addicted while ordering for xbox games … this has to stop . saving for my next car