Welcome to my daily tracking of income and expenses for the month.
Income for the month to date: $43.15
Expenses for the month to date: $1269.33
Net effect: -$1226.18
Although last month around this time I was showing a positive cash flow, this month I am in the negative. This is because I got paid at the beginning of December but did not get paid at the beginning of January.
We actually got paid at the end of December (two paychecks in December) so that people would have the money available for Christmas.
I am showing negative right now because I kept my bill paying schedule just like if I had gotten paid on the first of the month. What you are seeing here is the effect of rent and credit card payments on my cash flow.
I will see you guys and gals later as I continue my journey to save money and become debt free!!!!
you’re not alone! i also got paid early (to my surprise) and went ahead with paying bills just as usual. so now we’ve dipped into overdraft and the next pay day is in 4 days! glad we have enough food to last that long.
Sorry to hear you had to go into overdraft there. Imagine, if you did not have the overdraft then you might have had to use credit cards at a high rate to tide you over.
I have all of my bills set up on automatic payments for a particular date so I did not have this issue. Although the money came early in December the bills were not set to be paid until January. So the money just sat in my savings account for a few days and got interest.
I just acted like I was getting paid in January and did not touch the money.