Odd question, out of the mouth of an 8 year old.
Backstory: I banked at National City which became PNC Bank. I have no complaints about the transition and didn't see any major changes, with the exception of the offer of a "virtual wallet" which pays 1.3% on your growth account (savings/money market). I converted all of the accounts over to this system, and it is a nice concept, tracks your spending, helps set savings goals and monitors your progress.
It also offers a feature of automatic savings, well automatic in that you can set how much you'd like to have transferred from your "spend" account (checking) to your "save" account. It offers options on how these transfers occur. I picked the "punch the pig" method. A cute little die-cut (if you will) of a pig is on the screen. You can custom design the decorations (we have snow flakes for the winter season) and the sound that the pig makes when you "punch it" (we have a oink/squeal).
For whatever reason, I picked the arbitrary amount of $1.50. Now that most of our random spending has halted, I have been "punching the pig" once a day for the past week.
My 8 year old wants to keep me on track with my daily reminder, and the boys like to gather around the screen and a lucky child gets to "punch the pig". At this rate, out savings should grow by $10.50 a week, and my kids are enjoying watching it grow!
"Did you punch the pig yet today?"
November 21st, 2010 at 03:49 pm
November 21st, 2010 at 05:20 pm 1290360027
November 21st, 2010 at 07:05 pm 1290366345
November 21st, 2010 at 07:29 pm 1290367749
November 21st, 2010 at 08:08 pm 1290370114
November 23rd, 2010 at 06:25 pm 1290536738