Another way we can use My Lot!!!!

United States
November 21, 2012 10:35am CST
Has anyone thought to use Mylot as a piggy bank? What I mean by that is, as much as we write on here, then the cents add up, now just imagine if we typed and typed, and don't request a payout and just let the money pile up, for Christmas or a vacation then it just might work, even if you only save $100 or $200 that is money you can save and put on the side for Christmas, or a trip. So keep adding up your money and don't take nothing out, then see how much you actually can save. Who here on my lot can go all the way back and look at how much money you have really made overall? Especially for as long as you have been here. Please share, how much you would have had if you didn't request your payout and just watch the money add up. Me personally I only would of had $10, because i was gone for quite sometime.
4 people like this
17 responses
@FrugalMommy (1450)
• United States
21 Nov 12
I like having my payment set at just $10 so I can withdraw it to my savings account and make it work for me earning a bit of interest. Finding out how much you've really made overall is easy. Just add up any payments you've gotten, and add that to your current balance. You can find the amount of all your payments here: http://www.mylot.com/nr/earnings_p.aspx
• United States
21 Nov 12
yeah, it was just a thought for if you wanted to have extra money around the Holidays.
@prashu228 (24856)
• India
21 Nov 12
you can save it here you get a lump some at a time and can get the money to use for some bigger thing.
• United States
21 Nov 12
If I saved it here, I wouldn't earn any interest from it...
@CatGods (4599)
• United States
21 Nov 12
that would be a good idea for some but not for me. Even though I'm here almost every day I get to cash out maybe twice a year st 10.00 per cash out. Mylot for me is just a place to hang out. it was never meant to be a way to make income. The money is just a side benefit.
• United States
21 Nov 12
But when you think about it, it is good that you get to hang out and get paid for it LOL, and watch your cents just add up.
@rotloi2 (321)
• Malaysia
22 Nov 12
i second the motion catgods. it is a place of hang out for a group of people ...well, did you mean it accumulate interest?? or you just mean mylot will store your $$ from typing to the future like 1 years ..
@gerald_lian (2194)
• Australia
21 Nov 12
Correct me if I am wrong, but I always thought payment is automatic on myLot once you reach the payout limit that you have set for yourself, and doesn't have to be requested. If this is the case, then myLot can't be used as a piggy bank then because once you hit the payout limit your funds will automatically be cashed out to your Paypal account. But still, I think it is a good idea though to have a place where you can stockpile some "emergency" cash for a time when you might need it urgently. I currently do that with a number of other sites and it is always handy when I need a little extra cash on hand to just request payment and get the cash a few days/weeks after requesting.
• United States
21 Nov 12
I don't know because last time I had to request my payout, but that was a while ago. But it was just a thought.
@owlwings (38400)
• Cambridge, England
21 Nov 12
You are mistaken, walking2010. You have NEVER had to request payment here. Once you reach the minimum you have set here: http://www.mylot.com/nr/editPayment.aspx (which is, by default, $10 but can be set as high as $100) by the end of any month, that amount will be transferred automatically to your PayPal account. If you want to set the amount higher than $100, the best thing to do would be to remove any PayPal ID. MyLot would then be unable to pay you until you entered it (but would keep your balance provided that you at least logged in at least once every 90 days).
@ARIES1973 (9531)
• Legaspi, Philippines
22 Nov 12
Hi walking! In as much as I wanted to save my earnings to reach as high as $100 or higher, I cannot do it now because I need the proof of payments that I have to show to my friends as a basis that myLot is indeed a good site. This way I could ask more friends to join myLot and hopefully, would be an additional earning on my part and sharing them my little knowledge which would be of help for them. I'm sure the things about mylot payments were already shared by our friends from here. Have a nice day!
@rotloi2 (321)
• Malaysia
22 Nov 12
hey aries1973, you idea are briliant showing payment proof to friends.. this will attract them and they proof will win their heart .. all my friend still thinking online earning is a taboo and all are fake perception. their reason backed was if online earning is available, people will not go to work in physical world.. haha.. here prove that the statements made by my friends were not true at all
@champan (513)
• Argentina
22 Nov 12
It's a great idea.We are near Christmas...and well we have to type and type as you already said to get a great present from mylot ! Cheers!
@stealthy (8190)
• United States
22 Nov 12
I don't recommend it. What if something happens and you can't come on Mylot for 90 days, or whatever the current time is, and you lose it all. In my case I don't use PayPal very often to buy anything so having it go into PayPal at some reasonable payout amount, mine is currently $25, and using PayPal where my money won't go away is the better choice just in case. There are all kinds of things that could keep you from using Mylot for long enough for your "savings" to go away. Some are personal problems or a family crisis, a natural disaster such as Sandy recently in the Northeast U. S., etc. Also, you cannot get your money from Mylot right away; it would probably take a month and a half or more time after a request so it would not be as good a piggy bank as PayPal which would only take a few days at most depending on how you have it set up.
@Angelpink (4023)
• Philippines
22 Nov 12
That is exactly what i am doing ! I am happy to know that i am not the only one doing it. Yes , a cents of everyday can make it big in the future. Let us not forget that great things starts from small beginnings. It us work harder everyday so we can reach our payout early. So beautiful to think that we are earning through our passion in writing. All the best !!
@Aja103654 (5658)
• Philippines
22 Nov 12
I only made 25 since the day I joined mylot. I blame it also on my inactivity because I had jobs back then. But now that I have none, I have more time and energy to write enthusiastically!
• India
22 Nov 12
Hi friend, we can save our money here, but i am interested in getting monthly payments and set my payout is 10 dollars, previously once i set it as 100 dollar and got it after 4 months, i.e i made around 100 dollars with my 4 months hard working activity, at that time i attend a lot of tasks to boost up my earnings.
• Philippines
22 Nov 12
In my opinion, it will be much better if we get payment already and use the money outright to earn more money. I mean it is better to invest the money payout from myLot and let it earn interest rather than storing it on your account doing nothing at all. But yes, I do accumulate my earnings here in myLot for a long time already. That is because I haven't got an EON card yet to access my funds in Paypal and withdraw. Anyway, once I get to a certain amount, some withdrawal fees are mitigated. I just hate the fact that the USD iis plunging against our country's currency making my earning a little bit less when converted to my native currency.
@mariaperalta (19096)
• Mexico
22 Nov 12
You have a great idea there... If you can afford to save up your earnings for the year. You can very easyily have over 100.00.
• Philippines
22 Nov 12
Good day walking, for me I will end up saving my earning here because up until now I still don't have a verified paypal because my atm card has no visa or master card in it. So I d be opening an eon card at Union bank for me able to linked my eon at paypal. Some say I'll be paying Php 350 for opening eon card. And until now I don't have enough money to open one and if I do have extra cash for eon card I don't have time to go to the bank because I had a 4months old baby and I don't have someone or somebody to leave my baby for awhile. Since you started this discussion I now have an idea to leave my earnings here I think if I don't request for payout for about a year maybe my earning will be big enough for the next enrollment of my daughter ^_^ Thanks for opening this idea to us ^_^
@Mavic123456 (7928)
• Thailand
22 Nov 12
Yes, that's what I was thinking to the money I will get from here. Save like a piggy bank and if it is big then collect. I am just new here so i don't have much but it is inspiring if I that make good for a day I mean as part time here only not bad. a few cents when collected will make big bucks.
@redredrose (1107)
• United States
21 Nov 12
I never thought of this not having a payout but you got me thinking im gonna go and see about changing my choice to no payout and see how much i can make. Thanks for the idea and discussion.
@vernaC (1493)
• Romania
21 Nov 12
Oh I am so planning for this! to save those cents and when I have enough I am planning to buy some cooking or baking utensils. I have a choice to ask my husband to buy me the utensils but I really love to set goals so I'd be more inspired in mylotting.
@ieiajay (18)
• India
21 Nov 12
Nice thought friend @ walking2010 it's nice to know that we can use mylot as piggy bank. Great thought have to be follow. well i will think about it. Thanks for the great idea:)
@prashu228 (24856)
• India
21 Nov 12
Hi well you can keep the money here i you want but there will be no interest added ,but if we keep in our bank we get the interest and that's what i do .I have set the minimum as ten dollars ,it goes to bank from Paypal and i keep in the bank.But everyone has their ideas of saving and may be some use the money when it gets to bank such people can keep it here until you get good amount.