sweetpeasmom
Pearl Clutcher
Posts: 2,652
Jun 27, 2014 14:04:01 GMT
|
Post by sweetpeasmom on Aug 12, 2014 18:01:02 GMT
I've been my son's football team mom for the last 3 years (including this year). In the past, I had a co-team mom. By this point in the season, we have received a sizable sponsorship, in addition to the money the parents had paid for their spirit ware (roster shirts, hoodies, etc). So there was a need to open a bank account. We did a joint account and closed the accounts at the end of the season.
This year, as of now we have received no sponsorships. All I have is money for the spirit ware and other items that will be taken care of in one transaction pretty much. I also don't have a co-team mom (I can ask one of the moms should I need to). I have been told by one person they will be good for $500 on Friday. If that is the case, then that will cover one thing (actually short of it) that we'd like to do for the boys.
So all I really have is the spirit ware money. I don't see a point in opening an account for essentially a one time transaction. But I also don't want to funnel this through my personal account.
My thought was to get a pre-paid Visa. Would this be the better solution? Do banks actually issue these or are they only found at places like grocery stores, Target, etc?
|
|
|
Post by kelly316 on Aug 12, 2014 18:34:08 GMT
I have always had a separate account for teams.
I get pre-paid Visa's at my bank, but they charge a fee of $3.95 per card.
|
|
|
Post by tyra on Aug 12, 2014 18:34:51 GMT
I am no help, but I have to admit that I read the title as "Teen Moms- Question" So I had to be nosy and look lol
|
|
|
Post by kristi on Aug 12, 2014 18:37:59 GMT
I have been a team mom for 9 years in several sports & never had a bank account.
I keep records & receipts down to the penny. I email a few updates during/at the end of season on money raised & expenditures.
|
|
|
Post by peasful1 on Aug 12, 2014 18:38:44 GMT
Not sure how it works for football, but for soccer we always needed a team account. Everything parents paid us for, went into the team account. Monthly training dues, tournament fees, etc... There was no way around it.
|
|
sweetpeasmom
Pearl Clutcher
Posts: 2,652
Jun 27, 2014 14:04:01 GMT
|
Post by sweetpeasmom on Aug 12, 2014 18:41:57 GMT
All fees for playing are paid directly to parks and rec. These are just funds for various things within our team - spirit ware, end of year banquet, etc.
Did you run it through your personal account?
|
|
phdscrap
Junior Member
Posts: 60
Jun 26, 2014 16:14:58 GMT
|
Post by phdscrap on Aug 12, 2014 18:47:17 GMT
I am not a team mom. But if you don't get an account: I would write everyone a receipt when they give you money (so you have a record of how much came in) and then have a second team parent sign off every time you spend money. But I am pretty uptight about stuff like that.
|
|
|
Post by ljsmom on Aug 12, 2014 18:48:04 GMT
For recreational, one season, teams I've always run it through my personal account. I kept spreadsheets of funds received from each player as well as any expenditures. Any extra funds would go to the team party at season's end.
For year round, club, soccer where the team is basically the same indefinitely we have an account that is set up under the league's Fed Tax ID and has me, another mom and the league treasurer as signers.
|
|