How do you plan to spend your online earnings?

India
April 20, 2010 10:54am CST
Hello dear members, I must confess that I really haven't planned anything on how to spend my online earning. I actually joined myLot because I love writing and have a motivation to help people in any way I can. I was never that serious about earning money online. But now that I already have my first payout deposited in paypal, I think its time to plan a way to spend the money in good and useful purpose. I have thought about investing this money but not in another business. I planned to buy a few books as I think nothing can be a better investment. But then I hesitated and thought if that would be a hasty decision. I stopped for consideration but haven't yet come up with anything concrete. Do you plan on spending the extra money you earn from internet? What do you propose to do with the money? Do you start planning even before the payout? Thanks in advance for your response. God bless you
9 people like this
49 responses
• United States
20 Apr 10
I pay bills...go grocery shopping...pay for unexpected expenses...and try to save some..paypal makes all of this very easy to do with the use of their debit card
• Finland
20 Apr 10
That's the way How to get the PayPal's debit card? I would want to get one too
1 person likes this
• India
21 Apr 10
@workingmom50 I really didn't know that paypal issues debit cards of their own. For some reason my credit card is not accepted by paypal and that too due a very queer reason shown by the bank. I was actually going to get a debit card for this reason. Thanks for the response. You've always been quite helpful
1 person likes this
@neildc (17254)
• Lapu-Lapu City, Philippines
21 Apr 10
i really don't have plans of what i wish to buy for myself from my earnings online. i only know that when i got the money, i have to pay the bills and what i earn from online could be an additional budget to what less enough i earn from my regular job.
1 person likes this
@neildc (17254)
• Lapu-Lapu City, Philippines
21 Apr 10
what?! 1,000 in US Dollars? for internet connection in one month? that is too much i guess. if that will be the prize of internet, i will never ever want to have internet again.
• India
22 Apr 10
Hi, You know these government officials, half of their strength is their weakness. They just enjoy harassing people by giving wrong or partial information on that. I applied for an unlimited broadband scheme, which, as they said, I should have got within one week. Now the official knew nothing about it, yet she didn't ask me to go speak to the engineers. There arose a misunderstanding and I came back thinking that it would be made unlimited that very month. So I did it, and oh God, I did it great. For one month I have been downloading stuffs, documentaries, movies, tutorials and so many things. Then came the bill. It was a terrible experience. Now I don't have that unlimited connection anymore. If I ever get unlimited connection, it would be from another vendor, preferably a private vendor this time. God bless you
@neildc (17254)
• Lapu-Lapu City, Philippines
22 Apr 10
that's weird of them. i really don't think that is a good investment for a thousand bux. if you can look for a better and lesser charges, then go ahead and get it.
@zhouxi (1756)
• China
21 Apr 10
hi,friend ,i also want to ask the question.i have some money on my paypal account.i never use it .i don't know how to use it in our country.if i buy something abroad,may be i have to pay for expesive fees to mail the goods.who know how to use the money?thanks.
1 person likes this
@firdauzi (283)
• Indonesia
21 Apr 10
i don't have any experience yet with paypal, but i have the account. But from my experience with Liberty Reserve, every secure transaction will be added with fee. So i think paypal did so.
2 people like this
@zhouxi (1756)
• China
21 Apr 10
yes.
1 person likes this
• India
21 Apr 10
Hi, Yes, you can buy goods online and there are fees that will be deducted. You also can transfer the money into your bank account and then spend it from there. The latter will be far better and more efficient way of spending the money. Also a certain feels will be deducted depending on the country of residence. You should consult the faqs and terms and conditions pages of paypal to get a clear picture of the matter. Here are a few links you may like to check out. http://www.mylot.com/w/discussions/2300072.aspx http://www.mylot.com/w/discussions/2299915.aspx http://www.mylot.com/w/discussions/2267153.aspx There are more related discussions that you may find helpful. Just use the search bar here to search for your specific queries. Thanks God bless you
1 person likes this
@Ramsesxlll (1436)
• Finland
20 Apr 10
I am going to pay for World of Warcraft and it's monthly fees with my myLot earnings, which is even a little bit hard if you don't get 50 cents a day (which I don't)... I don't even know if I can get WoW (World of Warcraft) yet, because I have to get a new computer first, and that is not going to be cheap because it's going to be a MacBook Pro. So now my myLot earnings are definitely not going to be enough, and I think that it is the same thing for everything that is online. The only option for me is to make some "real" work, but I don't know if I can get some, because I am a student and I don't have that much time... After a while, if I have got those two, then I will start saving for a moped or something like that. After that I would buy clothes and other "random" stuff
• India
21 Apr 10
Hi, I wanted to play WoW so much because I've heard a lot about it. But I never actually get the chance. Even when I took the unlimited broad band connection, I forgot to download this game. But instead I downloaded Diablo II expansion, which I loved very much. I have never played online or over LAN. I guess that is really exciting experience. Yeah, this can only be a part time job, but not a reliable fixed source of money, which a REAL job can be. Thanks so much for this interesting response. God bless you
2 people like this
• Finland
21 Apr 10
Yeah, WoW really is a great game, but I at the same time don't suggest it for some, because it can get someones REALLY addicted... I myself am already a bit addicted, but I think that I can handle it. You will just have to get the 15$ easy from somewhere, so you won't have to play all the time, so that you feel that you get something for your money I know that is is only a "part time job", but I think that I could pay my "WoW expenses" with myLot
1 person likes this
• India
22 Apr 10
@Ramsesxlll Having this conversation with you makes me feel this terrible urge to play WoW myself. I used to play games, I really loved them. Now that I don't get time, I can't play them. Now, I just have to satisfy myself by talking about them.
1 person likes this
@deejgeek (192)
20 Apr 10
My plan is to prove to my mom and my friends that there is money on the internet. I will buy something for myself so I can persuade them to blog and to do what I did to earn that amount of money.
1 person likes this
@marguicha (92024)
• Chile
20 Apr 10
I know there´s money. Not to get rich, but to go places if you wish and work for it. I paid for an air fare to the Caribbean with my last savings on January 2009. Now I´m preparing for another vacations.
1 person likes this
• India
21 Apr 10
@deejgeek LOL . Let me suggest you this. Don't buy anything for yourself, for that you can do later, any time. Buy something for your mom and give it to her as a gift. It doesn't have to be precious, but it must be very special and meaningful. That would be more effective in persuading her doing what you want her to do. Thanks so much for this response. God bless you
1 person likes this
@deejgeek (192)
21 Apr 10
Hehe.. Thanks for the tip getbiswa..=) I am sure my mom will love it. =)
@ybong007 (6659)
• Philippines
21 Apr 10
I have not decided yet on what to do with my earnings. Besides it's not that much anyway. For the meantime i just want to earn more until i can afford a nice laptop in the future.
1 person likes this
• India
21 Apr 10
Hi, I have come across a site that is offering a laptop in exchange of work. Though I am not sure about whether it actually pays, I would like to give the link. http://ezlaptop.com/?r=46879 Please check out the link and give me some feedback. I will be expecting your comment on this site. Thanks God bless you
@ybong007 (6659)
• Philippines
22 Apr 10
There had been different discussions about the website you're referring to here in mylot and none of those who gained enough points were able to get a laptop. Not a single one. Majority says it's a scam site. I suggest you research the site first.
• India
22 Apr 10
Oh Gosh! Thats terrible . I don't wanna do any more research on this. The feedback you gave was sufficient for me. I am gonna delete the bookmark page right now. You know what, I am so engrossed in myLot, I am not even sure that I can devote my time to any other site. Thanks so much for participating dear friend. God bless you
@marguicha (92024)
• Chile
20 Apr 10
Hi getwiswa, Congratuations on your payment! I have been earning online for quite a time now so I know xactly what I want to do with my money. I save every cent I earn (about $100 more or less each month on several sites) to give me 2 or 3 weeks of luxury every year. I like to travel and have vacations and my budget just does not have that item. So I earn it online. This year the trip will be nearer and less expensive as I had to have shoulder surgery and some of the saved money went for some extras I needed then. But still, next week I am going to the south of Chile (my country) for a week. I´ll see volcanoes, native forests and will bathe in hot springs. I don´t know where I´ll go next year but I do know that my online earnings will help. Take care!
• Singapore
21 Apr 10
That sounds like a really good plan, Marguicha... I'm trying to work my online earnings to reach $100 a month, but it has been challenging. At this moment, I'm only earning about $30 per month on a really good month. How do you earn your money online? Do you mind sharing?
• India
21 Apr 10
@marguicha Hi dear, Yes I knew right from the beginning that you are very fond of traveling exotic lands. It is such a great hobby. Thanks for sharing it with us. God bless you
1 person likes this
@firdauzi (283)
• Indonesia
21 Apr 10
i have many plan. Because i stick my life in online earning, but i'm just a newbies. I intend to be full internet marketer just because i don't like be an office worker. I don't like to be commanded by boss. I want to get my daily earnings fully from the internet. So that's why i start to make online store, and find many ways to get dollar online. My plan if i success, i will use it as a modal to marry someone. hehe.. :)
1 person likes this
• India
21 Apr 10
Ahem! If you marry someone or, if you already have a girlfriend I would suggest you should bring her under your referral. To have a fixed but regular amount of online earning each month you have to work for years. There are several ways to earn through internet, but they take lot of endeavor and time. Also you have to make some critical decisions on investments. But if you just stick to your dreams, you will surely prosper in few years. Thanks so much for sharing your views with us. God bless you
@firdauzi (283)
• Indonesia
22 Apr 10
it's a great idea. but it will be more challenging when we both compete to has the best number (posting and earning and else) here. haha.. God bless you too.
@pratheep87 (1228)
• India
20 Apr 10
Hello I dont spend my referral earning mostly i invest then in buying rented referrals in neobux. Also in sometime invest in forex and HYIP funds. Cheers
1 person likes this
• Mexico
20 Apr 10
How was your experience investing in forex? did you see any profit? Is it easy to earn some good money investing? I'm curious about that but I don't want to risk my money... at least not before having a clue on what to do and what do don't so if you can give some kind of guidance would be sweet ... is that too much to ask? :D
1 person likes this
• India
21 Apr 10
@pratheep87 That is a great way to invest your money. This is also a reasonably risk-free zone where you can invest. Investing in forex etc needs extensive market study and intuition, because it is all about anticipating others' anticipations. Thanks. God bless you
1 person likes this
@nuc_2005 (25)
• China
21 Apr 10
How much have you earned on mylot? I was invited here by my friend yesterday,so i dont have any earning already. But i have some plans. The method i spend depends the amount I get. I will spend it on netgames if its not too much. if I can get 50 cents a day , i will spent it in real world.like eating out, buying clothes……
1 person likes this
• India
21 Apr 10
Hello, Please read this article, http://selflearners.wordpress.com/2010/01/14/earn-online-by-participating-in-discussions/ I have given the proof of my first payout in this article. I have also given a few details about how to work on myLot. It is just an introduction as there are still more to explore for the beginners. If you sincerely love writing and if you have a motivation to help people, then there will be a time when you will earn upto $1 a day from myLot. Thanks so much for your response. God bless you
@jlovesbsb (245)
• United States
21 Apr 10
i would either buy stuff over the internet or i will put the money i earned into a savings account.
1 person likes this
• India
21 Apr 10
Great! I have similar plans. Lets plan the rest after the primary thing is done. Thanks for the response. God bless you
• Singapore
21 Apr 10
I do not have a specific plan to spend my online earnings. I usually accumulate the amount so that I can transfer them to my bank account. But the exchange rate now really sucks! So I'm waiting for it to pick up a little. Sometimes I do spend on things online, but these may be just WANTS and not needs, so now I'm trying to be more careful with spending it online. I should develop a plan, maybe to reinvest the money to grow it into something bigger. I'm still thinking about it.
1 person likes this
• India
21 Apr 10
Hi, I am having the same problem as our currency has recently appreciated against dollar. Though I am as confused about the money as you are. But I will try to transfer it to my bank account as soon as possible. Thanks so much for your contribution to this discussion. God bless you
@kaylachan (4776)
• Daytona Beach, Florida
21 Apr 10
For me that actually depends. I use the money to buy little extras I may need so I don't have to use my checking account. I don't think it wise to use my checking acount and tap myself out too soon, seeing as I barely get enough money each month to pay the bills.
1 person likes this
• India
21 Apr 10
Hello, I have planned to open a new account solely to hold my online earning. This way I can track the online earning activities and also treat it as a separate fund. It would be easier to take decisions on whether to spend or invest the money, and on what percent. Though it is quite a meager amount right now, but I am foreseeing a great fund arising out of this earning in future. Thanks so much for your valuable contribution. God bless you
@smileonstar (4013)
• United States
20 Apr 10
HI, well... as far I earn... I usually spend on something is important such as food for my children and whatever they need. However, lately... I got pay pretty good from my work and I don't have to spend my MYLOT money at all... so I think I will keep it for another time. it is not necessary to spend all the money you have.
1 person likes this
• India
21 Apr 10
Hi, I absolutely agree. There is a need to keep an amount of money cached for any future necessity of crisis. I am so glad to know that your children are the most important thing in your life. Thanks so much for this wonderful participation. God bless you
1 person likes this
@cloud31 (5811)
20 Apr 10
I don't have plan to spend myLot earning I think I have to keep it for a while save and keep for future needs.Happy myLotting and Good day!
1 person likes this
• India
21 Apr 10
Hi, I hope you are not planning to keep that in paypal, because I am not sure they pay the interest. I think I am gonna open a new account solely to keep my online earning. That will be easier to manage and also any significant change can be measured and further investments can be made with less difficulty. Thanks so much for your response. God bless you
1 person likes this
• Bulgaria
20 Apr 10
I use part of my won internet money to pay some bills and other part of my money to invest for bigger profit, which is risky, but I don't care, when I don't pay anything from my pocket. I have some plans for future, but all depends on circumstances and off course, how hard I will work on maximizing my profits.
1 person likes this
• India
21 Apr 10
Hi kingsizewe, Yeah I know investment is risky, but how are we supposed to grow our income without taking that risk? Some people really do earn a lot from internet, so much that some of them quit their full time job for this. Now that is something which I will never have the guts to do. Thanks so much for this contribution. God bless you
1 person likes this
@knicnax (2234)
• Philippines
22 Apr 10
I did plan on what to do with my online earnings, and the funny thing is i plan to splurge it on ebay! hahaha. since withdrawing it would cost me, why not just use it to buy me some clothes and tons of cheap second hand books! Books are great investments! although saving it would be the best thing to do
• India
23 Apr 10
Hi, You seem to be a frequent buyer from eBay. Please tell me something about eBay. If I buy something from there, is there any chance that I may not get the right thing? I mean not all sellers are genuine there. How do you identify what to buy and from whom to buy from? Do I have to pay the shipping cost too? Please share your experience with eBay. Thanks so much for responding. God bless you
• India
30 Apr 10
Wow! That was one heck of a documentation. I am printing it right away. Thanks so much for this invaluable response.
@basqui (3890)
• Philippines
22 Apr 10
It really depends. If I have much to invest in other sites then I'll invest. But if the earning is really much that I could use it offline then I'll withdraw it on my bank account and spend it on my car. whew!
• India
22 Apr 10
Hi, Yes it depends on the situation. I mean, it may still be that you don't have to spend it at all. Then you can invest it in something that in turn may grow your business. Thanks so much for your response. God bless you
@evepin (723)
• Philippines
21 Apr 10
i don't really have a plan because my plan is to save what i have earned, you know as extra savings. but of course, when i fancy something like a bag or what have you then i use my funds. it takes a while before i withdraw my earnings from paypal, and mostly because of emergency expenses. as much as possible though i want to accumulate them then if ever i do spend it, more on big-ticket items.
• India
22 Apr 10
Hi, I think I should transfer the money to my bank account as soon as possible. What about online shopping? Do you shop online, through paypal? Yes, some should be put into savings as nobody knows when you will be needing funds. Thanks so much for this wonderful response. God bless you
@evepin (723)
• Philippines
22 Apr 10
Hello! Well, i don't transfer the money to my bank account immediately. Only when i need the money do I transfer the funds. This keeps me from spending it - as you know it is easier to spend if its readily available. Unless of course I put them in my time deposit so its a more guaranteed that i wont be spending them. I rarely do online shopping - it's more on disciplining myself and keeping me from buying impulsively. But when I do, yes, I use my paypal funds. It just happened once though in the two years i've earned online. my philosophy is this: i want to earn online to add to my savings more than to add expendable funds. frugal frugal me, i know! hahaha!
• India
22 Apr 10
Yeah, but when you put the money into banks your money grows. But there is no such provision in paypal. I am seriously thinking about not withdrawing my money, as I know I will be spending it too quickly.
@jambi462 (4598)
• United States
21 Apr 10
I plan on trying to save most of my online earnings and I'm also trying to find good investment sites or programs so I can try and turn my okay online earnings into something a little more. I also spend my online earnings on random stuff from ebay sometimes or upgrades for my online earnings websites so that I can gain more referrals or something like that.
• India
22 Apr 10
Hi, I wanna ask you something about eBay. I am actually planning to buy a laptop and mobile from eBay. Would that be okay? I mean is it trusted to buy through eBay? I have never bought anything so far through internet. Please give me some feedback. Thanks so much for your response. God bless you
@jambi462 (4598)
• United States
22 Apr 10
I would say that ebay is definitely a trusted site but it may have members that aren't the best at customer service. Whenever you go to buy something their just look at the user that is selling the item you want to buy. They will have a star rating which will show how good of satisfaction percentage their customers in the past have had with them and you can also view comments that past customers have left the seller.
• India
22 Apr 10
I see. I didn't know that. Thanks so much for this info.