Are you spending you online money or saving it?

[nomad]

I use my online income to pay my bills, save money, as well as make an investment.

 

[flower]

Each and every individual need to understand the plausible reasons behind saving because it is very important to save.

 

[Springtime]

I don't make much money online. I just keep the money in my Paypal account, and use it for online shopping. If the balance accumulated to over US$150, I'll transfer a portion of it to my bank account.

 

[Elendu]

Ultimately, the best way to decide whether to spend or save online money is to have a clear understanding of one's financial situation and priorities, and to make spending and saving decisions that align with those goals. This might involve creating a budget, tracking expenses, and setting aside a portion of each paycheck for savings.

 

[flower]

The importance of savings cannot be overemphasized but the economic situation would make many people not to save presently but it is needed to try as much as possible to save certain percentage of your income.

 

[freelancermaria]

We can't work for the rest of our lives, so we need to save. However, because of inflation, saving money is becoming increasingly difficult. Furthermore, some do not have a stable job and must still provide for their families' needs.

 

[Shortie]

Any earnings I make at the moment go towards me being able to pay for essentials with the rising cost of living at the moment. If I have anything left over I will always try to put it into savings and keep adding to it as and when I can but at the moment, most of it is used to ensure I have enough to live.

 

[uptrendfinancialsignal]

Saving the online money would be better and it could be used for better investment.

 

[bestwriter]

There is no separate account for money earned online. It gets credited to my bank.

 

[Sanjeev]

No, I don't keep my online earnings separately. But I think I should keep it separately and should buy some gifts to the kids and wife.

 

[You]

When it comes to the money I earn online, I try to strike a balance between spending and saving. A portion goes into a dedicated savings account each month to build an emergency fund and work towards long-term goals.