What Do You Do With Your Online Earnings?

I was reading a post over at Empress’s Blog talking about her first Google payment. What do you do with the money that rolls in from your online adventures?

I have a U.S. dollar savings account (I live in Canada) that I dump all my cheques in. Whether the amounts are big or small, that money doesn’t get touched until I buy big. And yuppers – it all adds up.

Since I’m a mom, buying big almost always means spending it on my kiddo :lol:.

Here’s a big purchase I made last year from 2005 affiliate earnings. My son, who turns 16 this spring (read: drivers license) is darn happy those cookies tracked:

Porsche

Before you get all excited, know that it’s a 1985 Porsche. A twenty year old car :lol:. But it’s in mint condition and we got a great deal on it. The picture above is just one I grabbed from the web – seems buying a digital camera didn’t fit in with the affiliate money spending spree. But it’s the same car.

My PayPal earnings – that all goes to hosting and tools/ebooks spends.

The little bit that I get in Canadian money goes to my credit card that I use to pay for my online stuff (mainly domain purchases/renewals and the monthly iTunes allowance for the spoiled Porsche driving kiddo :P).

Earning money online is fun! But it’s just as much fun saving and spending it :lol:.

admin

I’ve been trying to find my way online for more years than I care to admit.

7 thoughts to “What Do You Do With Your Online Earnings?”

  1. Luckily I didn’t get a Porsche when I started out, my insurance premiums would have been skyhigh for life after the first year 😉

    My money goes straight into my checking account and works as part of my self employed “salary”. It’s just another income source for me.

  2. Luckily I didn’t get a Porsche when I started out, my insurance premiums would have been skyhigh for life after the first year

    Peter, you’re freaking me out :lol:.

  3. Well with massive sales dew to chris carpenters googlecash, and using the techneques in his ebook, i pretty much do what i want 🙂

  4. How very cool! My oldest will be 14 in a couple weeks. I have to admit that I am glad I am not facing him driving just yet. How nice to be able to get him a cool ride and to have to paid for!

    As of right now most of my money goes to business stuff and things like books. I haven’t really made a big purchase yet, I spend more on the kids and everyone else. But I do have my dream board over my desk with all the things I will buy someday lol.

  5. Chrissie I forgot about the book spends :lol:! A dream board – that’s a great idea. I have a book where I write my wish lists down and review regularly.

  6. Ok, that’s just too cool! Lucky kiddo!!! 🙂

    I’m from Canada as well, and I’ve got to say that getting that cheque left me wondering what to do with the cash – do I put it away – do I put it towards my online stuff… do I buy something for the house?? I’m still not sure what to do, but putting it in a US account – hadn’t thought of that one. 🙂

    Thanks!

  7. yvw Empress :). I have the account setup at ScotiaBank and it works slick. It’s a U.S. Dollar Savings Account, no monthly fee at all if you keep a balance of $200 U.S. or more. If the balance is less, I believe it’s a $1 monthly charge.

    Every month I go to the bank (no atm service with these accounts unfortunately), deposit all my affiliate cheques at once and let the money sit unless I’m buying something.

    The other bonus to letting the money sit in a U.S. dollar account is that you can wait out the U.S./Canadian dollar exchange rate. Having a stash of U.S. cash waiting to flip to the Canadian dollar – it’s been crappy for about a year now. $3,000 U.S. meant about $4,000 Canadian about a year and a half ago – now it’s about $3,400. Like I said – crappy :lol:. IMO it’s worthwhile sitting on it if you can.

    I also have a PayPal debit card – so whenever we travel down to the states it’s slick to use the american money sitting in there. Haven’t traveled down to the states for quite awhile though.

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