When it comes to saving money, a little know-how, some commitment, and practice all make the task easier as time goes on. Setting your child up with the opportunity to start saving money from a young age is an awesome way to ensure that they are prepared to make smart saving and investing decisions once they start working as an adult in the real world. Assigning paid tasks around the house and using jars as “bank accounts” for saving and spending is an effective foundation to start with. Here, you’ll learn tips, tricks, and techniques that can be implemented as your little one ages to accommodate their learning abilities and maximize their chance of saving success in the future.
Teaching Your Little one to Save Like a Pro
What Type Of Bond Does Your Loved One Need?
Claudia Bravo
If your loved one has been arrested, you should know that several types of bonds exist and all of them can provide freedom from jail. Learn more about the various types of bail bonds by reviewing the information below.
The Least Expensive Bond Choice
In some cases, your loved one might be released from jail without having to purchase a bond. This is known as own recognizance or personal recognizance and relies on the reputation and criminal history of the defendant. Minor crimes, such as misdemeanors perpetrated by first-time offenders may garner an own recognizance release.
Traffic Offences
You won't necessarily be taken to jail in the back of a police cruiser for running a stop sign, but you could eventually be arrested if you don't take care of the citation (ticket). Used mostly for traffic citations like speeding, citations are a type of bond in which you must either pay the fine or appear in court by a certain date.
Cash at the Ready
If the defendant has enough cash on their person after an arrest, they might be able to bail themselves out of jail using a cash bond. Some jails even provide ATMs for defendants to use for bail money. In many cases, this type of bond is used for common misdemeanor crimes like driving under the influence (DUI).
Pay the Courts
The traditional bond procedure calls for the defendant or someone else to pay the full bond amount to the court. The amount is based on the seriousness of the offense and the defendant's record. In many cases, however, these bonds cost thousands of dollars. However, the money is refunded once the case is complete if all the rules are followed and the defendant attends all court dates.
Call the Bondsperson
Much cheaper than a traditional bond, surety bonds or bail bonds are only a small percentage of the full bail price. The percentage varies but may be anywhere from 10% to 20% or so of the full bail cost. Just as with all other types of bonds, your loved one will need to comply with the rules and show up for all future court appearances. In most cases, bail bonding agencies accept cash, checks, money orders, and more. Some take credit cards too. You can call a local bail bonding agency and provide them with your loved one's name, the charges, their location, and the bail being charged, and they can provide you with what you need to do to move forward and get your loved one released from jail. It's the easy, affordable way to deal with a loved one's arrest.
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