income - expenditure=savings
By renyissac
@renyissac (182)
India
4 responses
@trinidadvelasco (11401)
• Philippines
24 May 07
month after month i always manage to have some savings. the only problem with me is, money has always a way finding out how to climb out from my hands. it seems like there are always emergencies cropping up from time to time. these are mostly entertwined with the family's health.
2 people like this
@SilentRose19 (1733)
• United States
24 May 07
All of my savings are what I make here on mylot, its a easy way to have money you make that you don't touch. I also run some other things here online that generate some income for me, its just put into paypal and I don't touch it. I think that i have about 3000.00 USD now, its not much but its a good thing to have just in case. I like to have the simple equation of don't spend unless you need, its easier that way.
1 person likes this
@SilentRose19 (1733)
• United States
24 May 07
I run a vast amount of websites for some relatives and friends, its something I charge to keep up with. Basically I just edit and update things for them, website design if you will. I make things graphically amazing to my standards, and help them with they're existing rendevous. Here at mylot i've earned only a small amount of 12$, but this month I plan to drastically improve that. I set a goal of reaching 3000 posts, but have yet to committ to set goal. My husband seems to think i can reach 5000 before the payout at the end of the month, do you think so? I think that the best way for you to make alot at mylot here is to open several windows and put a topic in each one, and then respond to each one at a time. It takes the same amount of time as one, but you can have a topic ready for you in the next window instead of spending time searching for one when you finish with your first one. I find that making money on the internet is very easy, you just have to work your bum off doing it. Its also good to be able to type very fast, or at least last for hours of work.
@renyissac (182)
• India
28 May 07
Thank u Rose for ur suggestion..I m new to this scenario, i will improve my skills and work for setting up a good sum..
@mari_skye (1637)
• Philippines
24 May 07
that equation should not be the case. you can always make it to be: income-savings=expenditures. in that way you would have secured your savings and whatever's left of your income would be used for all your expenditures. as for the savings you have secured, i suggest you open an account for emergency fund. this fund should equal your 3-6 months salary. once you have achieved this, then you can start investing so that you can make your savings work for you.
