photo credit: Ken +
The $700 billion bailout package is being decided by the House and Senate and investors are nervous about the financial industry and access to credit. Bank customers are concerned about cash reserves at banks and limits might be raised to curb fears over FDIC insurance. The financial news can be overwhelming and I was thinking the other night about my first bank account and what it meant to me. Saving money has always been a passion of mine and I love to think back to my first bank account and how is impacted the way I treat money and personal finances. With all the negative news, I want to have some fun and have a Costco cash contest. I will be giving away a $50 Costco cash card and am asking you to share your first bank account story with us. Maybe you were a child and your parents took you to your local bank branch or your grandparents opened a savings account for college. Maybe you didn’t open your first bank account until your first job. What emotions did you feel when you opened your bank account? Were you excited to have some money for the future?
Share your story and you will be automatically entered in the $50 Costco or American Express gift card blog contest with one entry. Subscribe to my RSS feed for an additional entry to the blog contest and send me an email confirming your subscription. Your email address will be kept private and not be sold. Feedburner will send you a free email or RSS update daily from this blog. Link to this $50 Costco or American Express gift card prize blog contest and receive 5 entries. (Send an email to thepassivedad at gmail.com with your link)
Blog contest will end at midnight pacific time on October 19th. One winner will be chosen at random and no preference will be given to blogs, websites, or friends. A valid email address is required so the winner can be notified.
Why a $50 Costco gift card as the prize? You can use the $50 Costco cash card to purchase items in the Costco Warehouse, purchase Costco gas, and even purchase items through Costco.com. You could even buy a hot dog, pizza, or churro at the Costco food stand with the cash card.
Don’t have a Costco near your home? No problem. A $50 Amex gift card will be given in the event you can’t utilize a Costco cash card.
It’s only fair if I’ve asked you to share your first bank account experience, that I share mine. I was 7 and my parents took me to a local savings and loan to open a passbook savings account. I remember getting excited to go with my parents to the bank and watch them deposit a paycheck or talk to a loan officer about financing. My first memory was when my parents held a garage sale and needed change and we went to the bank for coin rolls. I had never seen so many coins, I thought we were rich! In actuality it was probably $40 in change. I also had fun rolling pennies as a child and taking the change to deposit in my passbook savings account. I would often look at the green savings passbook and review the deposit amounts and dream of my future. At 7 years-old, my dream was a new motorcycle or ATV.
What was your first bank account experience? Good luck and I look forward to reading your stories.