My plan: All extra money will be saved

My paypal account is always empty, it is because I always spent my income whenever I received my earning. I spend my online earning to buy craft supplies from ebay so I can produce more craft to sell or as gift. I can save more money by buying from ebay than buying from offline store, the price in here is about 3x than the price on ebay. It is really fun spending money from online income, and so much fun when received the parcel of what I ordered from ebay. My mother kept asking me where the packages of the craft supplies coming from and how do I pay it because I dont have international bank. I tried to explain her that it is from my online earning but she still didnt understand how I earn money from internet, for her internet is a virtual world so I told her that the package is real. In my country I will be charged $2 if I transfer money less than $150 from paypal to bank account, the minimum transfer is $10. So if I transfer $10 I'll only get $8 (or even less because of the currency rate between paypal and my bank). It is good to hear that you save your money in your paypal, whats your plan with your financial freedom money?

Whoa! We got the same plan! I haven't touched any earnings yet in my Paypal account. But unlike you, I have all my other earnings together with my myLot earnings in my Paypal account now. However, my plan is to accumulate a certain amount of money and then withdraw it if the currency exchange with my country and the dollar is favorable. But still, I will use the earned money for investing and making it work harder to earn money itself. Just like passive income. I think that it is not good to just leave it in your Paypal account as the money will just sleep. It is best to put it on an interest earning bank account rather than left at your Paypal account. Just my thoughts.

Hi Ryan, it is good to hear you got this type of motivation to save money. Indeed, we shouls always try to save as much money as possible for our future needs. We never know when we will be in need of those extra money that we had earned. It is good that you are able to come up with a way to save your hard-earned money. I am trying my best to save as much as i can, since things are getting more and more expensive. Maybe in future, i will need more money just to buy the same old thing that i want to. Lets start and get active earning money. Good luck to all of us...

Yeah. I am saving as much as I can in my day job. And I do mylotting as part time to earn extra income. After working and having reached an age of maybe 50 or more, I will decide to have a business on my own. But now I am focused on building my career and skills so that I can be promoted quickly and will get a job of a higher pay or salary. Good luck to you too.

Good to hear about your plan, wish you to make more income. Now a days online earnings is quite common and lot of people doing online jobs to make money. In particularly, home makers, retired persons, job seekers and physically challenged persons are doing online jobs with more attention, as it is main source of income for this kind of people, so they are giving their utter most to this kind of online work Even though online earnings are low, we have the ability to increase our online income by doing our work with good sites which is paying our money correctly. Better to concentrate with a single site to increase our earnings rather than joining with many sites and wasting our time wish some scams. We must select our way of earning and find the best site in our field to give our focus. We must save our online income, if we don't need the money for our expenses, if we are in emergency there is nothing wrong in using the online income, otherwise we must save the online money, it will be very useful to us when we need money. We don't know when we need money for our instant needs, if we save our online earnings money in our bank account, it will be more useful to us while we are in financial problem. Some persons will use their online money for their luxury spending, but this kind of activity is wrong. We must save this money for our financial freedom.

That was motivational. I am in pretty much same situation as you. I do not have any other earning source other than mylot. I also keep myself engaged in mylot as far as possible. But soon my college will start and I will not be able to give as much time to mylot. I will keep a fixed duration. Since I do not want to burden my parents with my small expenditures, I will try and manage it through my mylot payments. After all enjoying with your hard earn money has a separate feeling.

Yes, if there are extra pennies in our wallet, then it is good to save for the rainy days. For now, I don not have that extra money. I will try to do extra money earning so I can save somehow. I hope to my finances will get better.

That sounds like a good idea, and a good thing to do. Saving money is a good thing to do, as soon and as much as you can. It's nice to have that money, in case of an emergency, or saving a trip, or whatever. Whatever the case may be, it's nice to know that it's there.

I have a similar plan to you,i am saving up all the money i can earn online.I am particularly focussing on my lot but i am looking for new money making oppurtunities all the time.Any money that i earn im putting in a bank account to save for my future.My dream is to have a big motorhome and spend my life travelling the world in it.I realise it would take lots of saving to achieve this and i know i may not achieve this but it is a good thing to get in the habit of saving a little.Hopefully with a bit of hardwork we will all be able to meet our goals.

That really is a great idea and it is quite similar to what I am planning to do with the money that I am able to make online in the future. Right now it isn't something that I am able to do because of the fact that we've got a lot of bills that need to be paid from my husband's cancer treatment. However, things in our family are going to be quite different in the future and that does mean that I will really be able to start saving the money that I am able to make. My first thought is to try to save up for a nice family vacation since it isn't something that we've been able to do for several years.

I have money in my paypal account and am hoping that I can build it up a little bit more for Christmas. I have a lot of people to buy for this year and need to be as practical as well. I know I can not go on a shopping spree and overspend because I do not want any debt. I am glad that you are saving for your financial freedom and that you keep your money in your pay pal account. I am hoping to find a couple of other sites where I can make extra money.

That is a nice and reasonable plan for everybody to follow. I, also having many financial problem lately, and I would love to develop my own plan to save some extra money without overspent them. I knew that I made a lot of bad choices before, and I should take full responsibility to every single one of them. I should work harder and save more for myself.

Hello ryanong, I never thought of this plan may be because i earn very little from online sites as i have to devote most of the time in offline job.But that's a great idea one can save online earnings and withdraw it afterwards it looks great when we have a huge amount at once.

That's indeed a great idea, and a source of eye opener to most of the readers, it's really good to have a "financial freedom account" for important purposes. Honestly, I don't know much about mylot because my friend just referred it to me. I've encountered having an online job and sad to say that it's spam... I've just found it out when I earned $50 dollars, I spent a lot of time yet, it seems a wasted time. But she guaranteed me that mylot is not a spam and you can really earn from it. So, I said to myself if it's true then the money I'm going to earn with this job, I will save it to the bank.^^

Thats a very good plan made by you, but I use mylot earning to book domain names so that i can make some extra money by parking domain names. Always remember money makes money so instead of holding just try to invest in such place from where you can get some assured return.

so what do you plan to do with this saved money? it is a good idea to save but you cant just save then spend it. because im sure your money will run out. i suggest that you invest your money into something that gives revenue or maybe put it in the bank under time deposit so you gain interest

That is a great plan Ryanong. I am the same. I have no money put away for urgent cases. It's not only that I don't have financial freedom, I am having also difficult with paying the current bill. Right now I have to pay a bill for my washer, a bill for the laptop I use and so on things ... I really don't believe that staying here would help me that much. I continue doing my regular online job and here what I make will go for charity, because it can't be that helpful for my financial freedom or making my dept smaller. But increasing the online time for me ... It must be connected with the place where you make more money for shorter time. If this place for you is Mylot, I am glad you are going to do it!

ryanong this is a good plan. save, accumulate, plan and spend. financial planning helps save problems.

That's good plan. You're lucky that you are able to just put all your online earnings into savings without having to use them for your needs. I take it that you have a regular "daytime" job right? It only means you are really very driven to your goals since you still make sure you have another source of earnings. Good luck on your endeavor! Tell us how it goes :)