Boys and Girls club receive money management training - WALB.com, Albany News, Weather, Sports

Boys and Girls club receive money management training

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By Ryan Houston - bio | email

ALBANY,  GA (WALB) –Dozens of Albany area teens are working in the Boys and Girls Clubs summer program. They're also being taught the importance of managing the money they make.

The Money Matters training kids received is part of a larger job program sponsored by the Department of Human Service. DHS teamed up with Albany's Sun trust Bank to teach the teens valuable lessons.

Most teens don't have a lot of experience in managing bank accounts."Basically it's all about security and carrying your money so you won't lose money that's lose in your pocket," said Student Josh Green.

"My Father he works at a bank but I didn't really know much," said Student Kendall Hicks. But all that's changed thanks to Sun trust Bank."If you get something direct deposit you get to swipe your card so If you want something now you have the money now," said Green.

"Checking accounts, because I like to spend money on them debit cards and you can take debit cards everywhere," said Hicks. The idea behind the one hour workshop was to teach kids the real meaning of a dollar.

"The importance of managing money you just don't come get a pay check and blow the whole check," said Director of Boys and Girls Club Bob Hutchinson.

"But you have to start somewhere and what better place to start than with a young person," said Bank President Alfredia Hampton. And after Josh Green got his first pay check he knew exactly what to do.

"I actually bought some clothes and the rest of it is in the bank," said Green.

And that's a pretty good spot for it."I'm gonna need it for college ,and I'm going in Atlanta ,so that takes a load off my mother," said Green.  

Saving for a rainy day could help more than you think. Sun trust is offering to give financial training to any group that wants it.

To apply just go to your local Sun trust Bank and ask for the manager. There will be a phase 2 for the Money Matters segment.

Next the kids will learn ways to save especially in this type of economy. ©2010 WALB News. All rights reserved.   Feedback