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: $560.93
Expenses for the month to date: $2757.09
Net effect: -$2196.16
Since the last posting I ended up spending $944.46 on repairs to the car, which means that the Lexus Fund has also gone down by that amount. My check engine light came on a few months ago and the service engine light also came on in the last two weeks. I had the codes checked at Auto Zone for free and then went in to the mechanic to get my car fixed.
The amount I was charged for parts was in the range that Auto Zone quoted me and it seems that labor is always almost the same cost as the parts!!!!!
Income for the week was $3 from a PineCone payment and $2.93 from Lending Club.
I will see you guys and gals later as I continue my journey to save money and remain debt free!!!!
Sorry to hear about the repairs. Let us know how it goes next month.
Cheers
Phil
Hi LuLuGal. i wonder how will you overcome your -$2196.16 open balance. You may trust your monthly income. if not problem for you, i want to learn how much money do you earn for a month? i am earning all my money via oline marketing.