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Savings / Checking Account

Last post 09-18-2012 12:44 PM by LifeofRiley. 10 replies.
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  • 06-28-2010 8:12 AM

    Savings / Checking Account

    How old were you when you got your first checking or savings account? I was 12 and opened up an account for savings with $5. I don't recall what inspired me to take that action because we were poor. I believe a relative gave me the money and told me to put it in the bank. I recall feeling proud and doing something my friends were not doing.
    Officially Recognized Stretchpert in Stages of Life
  • 06-28-2010 8:31 AM In reply to

    Re: Savings / Checking Account

    I was either 8 or 9 when I got my savings account. My dad helped me roll enough coins (25 dollars was the amount I needed to open an account) and took me up to the bank to open it. I was 16 or 17 when I opened my checking account. My mom said she thought I needed to have a checking account after I got my part time job so I could learn how to take care of my money and balance my account. I also got a credit card, with her, around this time to build my credit. I had to pay it off in full each month. My mom is the reason I'm halfway decent with money today.
  • 06-28-2010 8:43 AM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Mississippi
    • Posts 25,145

    Re: Savings / Checking Account

     

    Toni B.:
    How old were you when you got your first checking or savings account?

    I was a child when I got my first savings account, maybe around ten. I don't remember it at all. I only remember emptying it and having the cash to buy a small mobile home that was my first home as an adult.

    I opened my first checking account jointly with my husband.

     

     

    The Dollar Stretcher Community Manager



  • 06-28-2010 9:53 AM In reply to

    Re: Savings / Checking Account

    I was a child when my parents opened a savings account. I remember putting the checks from my grandparents into that account each year as well as when I was older, putting 1/2 of my babysitting money or other earned money into that account. I was able to pay for a school trip to Europe when I was 18 with my accumulated savings.

    I got my checking account when I was 17. My dad and I were both on the account. I was earning more money from several part-time jobs and he also wanted me to learn how to use a checking account and balance the account as I prepared for college.

    I still kept up the practice of putting 1/2 of my paycheck into savings and then the other 1/2 into checking (and taking some cash out for spending money). I'm not able to put 1/2 of my earnings into savings now, LOL, but at the time, I had very few actual expenses by living at home and not having a car.

    Erika
  • 06-28-2010 11:23 AM In reply to

    • Pat
    • Top 10 Contributor
    • Joined on 03-06-2007
    • Colorado
    • Posts 14,459

    Re: Savings / Checking Account

    I was an adult and out on my own before I had a savings account.  I was proud of it! I don't remember about my first checking account, though.

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  • 06-28-2010 11:36 AM In reply to

    Re: Savings / Checking Account

    Mom and Dad started savings account for me... when I was a baby I think. I got my checking account when I was 15, which was a dangerous age for me (the shopaholic in me started).

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  • 09-18-2012 8:50 AM In reply to

    Re: Savings / Checking Account

    The schools here have a program with a local credit union . The kids can open  a savings account at school through the credit union. They can bring in a dollar each week for it. That adds up after a while, teachs the kids to save and if they continued for all 12 years of school would be a nice account. They can bring in more than a dollar. Babs
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  • 09-18-2012 9:46 AM In reply to

    • gayla50
    • Top 10 Contributor
      Female
    • Joined on 09-24-2007
    • Western North Carolina
    • Posts 8,491

    Re: Savings / Checking Account

    Daddy opened my saving account when I was a  baby  and I got a checking account when I was 16  it was a nice lesson to learn  my kids get saving account when they were born  DD still has the same account we started for her she had her checking account for almost a year she just doesnt write checks she love her debit card

    Gayla

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  • 09-18-2012 11:21 AM In reply to

    Re: Savings / Checking Account

    My step-dad opened a savings account for my sister and myself when we started working at the restaurant. We had to put 1/2 of our checks in there and he contributed whatever money was collected in the electric dart board game that was in the restaurant each week. My first checking account was opened when I was 18, although I was on my Mom's account after my step-dad passed away.

    Riley
  • 09-18-2012 11:46 AM In reply to

    Re: Savings / Checking Account

    Gayla, DD age 21 is the same. Only uses her debit card. Babs
    Officially recognized Stretchpert in Prayer Circle
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