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: $314.15
Expenses for the month to date: $1780.24
Net effect: -$1466.09
Since the last posting I received $11.23 from Lending Club and the electric bill came in at $136.12. I spent $40.88 on food, including some fast food when I had a long trip.
Things look really bad right now and I think I might stop these weekly financial updates for a little while….so this will be the last one until things shape up.
I will see you guys and gals later as I continue my journey to save money and remain debt free!!!!
For some reason, I do better with getting bi weekly checks. Not sure if it is a psychological thing, but it seems the money runs out faster on a monthly check.
Keep chuggin’ along!
Hope things get better for you. I too am drained out after the holidays and am having to cut a lot of corners these days to get by.
-Jean