It's Amazing Just How Fast Small Amounts of Money Can Grow

@mrtoffee (1522)
November 2, 2015 6:37am CST
I have learned that by saving lots of very small amounts of money every time an opportunity comes your way you can amass quite a nice little nest egg. I take this approach with my internet earnings and cash back amounts, each time they are paid I put the money straight into a savings account no matter how big or small the amount is. I also keep a track of random money that comes into my life, my miracle money, this includes things such as pennies I find on the street or freebies I receive. I then deposit the value of these miracle money amounts into the savings account and watch as the balance rises. The added bonus to this is that not only am I building a little nest egg for the future, this nest egg is earning interest and therefore growing even further. As the old saying goes "look after the pennies and the pounds look after themselves". Do you guys save up your internet money, such as your mylot earnings or do you find you need tis money for day to day expenses?
10 people like this
9 responses
@rakski (156994)
• Philippines
2 Nov 15
Oh yes, i do. This is my secret account (shhhhh....... its secret). Its like my emergency fund when we need emergency money
2 people like this
@mrtoffee (1522)
2 Nov 15
same here @rakski it just gives you that peace of mind that if something does go wrong you have some funds to help get things sorted.
1 person likes this
@lokisdad (4226)
• United States
7 Dec 15
I try to save it but it seems that every time i save a little something comes up and I need it for something I wasn't planning on.
1 person likes this
@lokisdad (4226)
• United States
11 Dec 15
@mrtoffee i just got a notification that i got a payment for something I had done online. I have been waiting on the payment for over a week and it seems like no matter how much i make as you said they get gobbled up by other stuff. Ugh the never ending cycle lol.
@mrtoffee (1522)
11 Dec 15
that tends to happen to me to @lokisdad we have just been hit with several unexpected bills which will gobble up my latest redemption.
1 person likes this
@Shellyann36 (11383)
• United States
3 Nov 15
We collect all of our change. We put it in a large water bottle. We save up this change for emergency expenses or for something fun (if we have enough saved up).
1 person likes this
@marlina (154103)
• Canada
2 Nov 15
It's just fun money, not enough for doing much.
1 person likes this
@mrtoffee (1522)
2 Nov 15
if it brings a few smiles @marlina then it's an awesome use for your internet money :-)
@softbabe44 (5815)
• Vancouver, Washington
3 Nov 15
Save anything you can.
1 person likes this
@destry (2567)
• Kirkwall, Scotland
2 Nov 15
All of my internet cash and cashback etc goes into a dedicated savings account - like you. Once a year on 1st Dec I see how much is there and buy myself something special!
1 person likes this
@mrtoffee (1522)
2 Nov 15
What a cool approach @destry we have previously used our account for holidays and there are discussions to do this again in the future. At the moment it is my emergency money fund, but I am sure it will be used to do something nice for the family :-)
1 person likes this
@scheng1 (24649)
• Singapore
16 Jan 16
I invest the money together with all the other income that I can spare. My default is to invest first, and spend later. When I see my investment account year after year, I can see that my portfolio is getting bigger and bigger. My dividend also gets bigger and bigger
• Preston, England
2 Nov 15
at the moment my internet earnings compensate for savagely low income from other sources
1 person likes this
@LadyDuck (502950)
• Italy
2 Nov 15
I am saving my Internet earnings, I keep them on a personal account, for the rainy days.
1 person likes this