Sovereign Bank Checking Account Bonus
Sovereign Bank is in the giving spirit. They are offering a nice checking account bonus of $100. In order to be eligible, you must open a Premier or Interest Checking Account and deposit $10 as well as get a check card with the account.
The only down side is that anyone who has had a checking account with Sovereign bank or any of its subsidiaries in the last 6 months will not be eligible to get the $100.
You will also be required to make at least $250 dollars worth of check card purchases within 60 days of opening the account. Following that you will receive the bonus 15 days later to your account.
Remember that this checking account is not a free monthly account. You will be charged a $5 dollar fee unless you get direct deposit.
If this deal is not what you were looking for you may want to check out Sovereign Banks savings accounts or current CD rates.
WesBanco Checking Account Bonus
WesBanco is offering a bonus to all those living in West virginia, Ohio or Pennsylvania of $100 dollars for opening a new checking account.
All that you have to do is use your debit card at least 10 times in the first 90 days of having the account, and you will receive the money. This offer is good til 6/15/09 and can be viewed on the banks promotion page.
In order to receive the money there are 2 steps, and each is worth $50 as long as you follow through. the first thing you will need to do is open a checking account with a debit card. You will need to deposit $50 into the account.
The second thing you will need to do is make 10 purchases with the debit card within a 90 day period. Once this has been done the $50 will be transferred twice.
WesBanco does have a free checking account which does not require any amount to be deposited. Also you may want to check on their savings accounts for those of you looking to stash away some cash.
Teach Kids To Be Smart With Money
While many would agree that everyone has their opinion on the state of our current economy, some would also agree that spending habits have also gotten many into a bad situation financially. Living above ones means is so common place today, but when a change in shift with the economy causes job losses, people don’t know what to do. Is this an endless cycle that is passed on to kids so that they too grow up thinking that credit cards and loans are the way to a lifestyle of material possesions?
When kids see their parents swiping the all powerful credit card for whatever they need, it gets engraved in their heads that the card is the solution. If you have kids and aren’t careful to train them properly with money, you may be in for a big suprise, or a big bailout as they get older.
One of the first things kids need to know is that money does not grow on trees. But rather that a job is what pays the bills, not credit cards and loans. If you do use credit cards to pay for things, make sure to show your kids the bill when you get it in the mail. It hepls them to see accountability which is something that is lacking in todays society.
If you give your kids an allowance you should consider limiting it to a specific amount per week with no additional money. This will help them to budget the money since they know if it is all spent they have nothing left till next week or next month.
Help your kids to see the value in savings. Even at a young age, start them off by saving money with a piggbank. This will impress upon their minds that once again, saving money can help them to buy what they really want once they actually have the money.
Remember, kids learn from example, so if you are not setting a good one with finance and money for them, who will?