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Topic: When to cash out?  (Read 5808 times)

yulyrnc

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When to cash out?
« on: January 09, 2010, 08:45:05 pm »
I already have $25.90 on my account should I still accumulate more money and cash out later? or should I cash out now? I am new here on FC and I don't understand much about how the cash out works. When should I cash out?  :wave:

Graeth

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Re: When to cash out?
« Reply #1 on: January 09, 2010, 08:48:04 pm »
I've made the choice to do mine before it expires, so it builds up.

yulyrnc

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Re: When to cash out?
« Reply #2 on: January 09, 2010, 08:50:47 pm »
When it expires? ::)

towelghost

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Re: When to cash out?
« Reply #3 on: January 09, 2010, 09:46:43 pm »
180 days I believe.

iridemyhorse4fun

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Re: When to cash out?
« Reply #4 on: January 10, 2010, 01:20:32 pm »
Very good to know  :)

YungZ

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Re: When to cash out?
« Reply #5 on: January 10, 2010, 02:40:31 pm »
you should save up =]
because when you cashout your gonna have to wait till you have 15$ from offers to cashout again next time.

YungZ

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Re: When to cash out?
« Reply #6 on: January 10, 2010, 02:44:29 pm »
Also, what would you do with only 30sh dollers =p get like 100 =]

Sphn07

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Re: When to cash out?
« Reply #7 on: January 10, 2010, 06:53:46 pm »
you should save up =]
because when you cashout your gonna have to wait till you have 15$ from offers to cashout again next time.

so why not cash out now and start building that next $15 - that is what i would do.

can always use the money or something smaller or you can save it so it builds up. You could also use some of the $$ to re-invest in the CC offers.

towelghost

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Re: When to cash out?
« Reply #8 on: January 10, 2010, 07:41:34 pm »
Also, what would you do with only 30sh dollers =p get like 100 =]

I'm nearing my expiration point so I decided to cash out so they don't expire.

amandadowney

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Re: When to cash out?
« Reply #9 on: January 10, 2010, 08:00:05 pm »
what are expiration points? sorry to sound like a ditz i'm new to this site and i haven't cited that term before on here>  :binkybaby:

trujillo33

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Re: When to cash out?
« Reply #10 on: January 12, 2010, 02:29:44 pm »
When is the best date to cash out??

home_teachin

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Re: When to cash out?
« Reply #11 on: January 12, 2010, 02:47:00 pm »
Wait until the last day of the month so you can cash out all your earnings for that month. If you cash out now or Jan 31st, you still get paid Feb. 20th.

samrhett2

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Re: When to cash out?
« Reply #12 on: January 12, 2010, 02:53:46 pm »
Wait until the last day of the month so you can cash out all your earnings for that month. If you cash out now or Jan 31st, you still get paid Feb. 20th.

The above is true and I cash out every month if I can.  A long time ago I learned the time value of money.  If it is mine, it makes no sense to let someone else hold it unless I earn interest.  If it made sense to do otherwise, banks would lend money for free.  It is not about being greedy, it doesn't make good business sense to keep money anywhere where it is not working for you.  Even if it is only a few dollars, I can put my own money to better use than someone else.

Administrator

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Re: When to cash out?
« Reply #13 on: January 12, 2010, 03:15:24 pm »
Wait until the last day of the month so you can cash out all your earnings for that month. If you cash out now or Jan 31st, you still get paid Feb. 20th.

The above is true and I cash out every month if I can.  A long time ago I learned the time value of money.  If it is mine, it makes no sense to let someone else hold it unless I earn interest.  If it made sense to do otherwise, banks would lend money for free.  It is not about being greedy, it doesn't make good business sense to keep money anywhere where it is not working for you.  Even if it is only a few dollars, I can put my own money to better use than someone else.
You're right about the time value of money.  But there is another consideration: if you are concerned about meeting the minimum for your second cashout, it might make sense to make your first cashout sooner, leaving some balance to roll over to the next month.  Because a month delay in receiving funds is better than having $10-15 in your account that you cannot cashout!

Sphn07

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Re: When to cash out?
« Reply #14 on: January 12, 2010, 04:14:34 pm »
sounds like the administrator has a good point.

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