Wednesday, May 22 2013 11:52 AM EDT2013-05-22 15:52:19 GMT
An Albany man is trying to get his stolen property returned, after it was taken from his Cumberland Lane home Tuesday, and his camera got a partial look at the culprits. He said that two people brokeMore >>
An Albany man is trying to get his stolen property returned, after it was taken from his Cumberland Lane home Tuesday, and his camera got a partial look at the culprits.More >>
Wednesday, May 22 2013 11:15 AM EDT2013-05-22 15:15:46 GMT
Information from Flowers Foods- Prior to the Flowers Foods (NYSE: FLO) annual shareholders meeting today, the company's board of directors declared a three-for-two split of the company's stock by meansMore >>
Flowers foods announces three-for-two stock split and increases annual dividend rate at shareholders meeting...More >>
Wednesday, May 22 2013 9:02 AM EDT2013-05-22 13:02:25 GMT
ATLANTA (AP) - Georgia Gov. Nathan Deal has said the state can't afford to expand its already-strained Medicaid program to include 650,000 more residents, but his administration is studying ways otherMore >>
Georgia Gov. Nathan Deal has said the state can't afford to expand its already-strained Medicaid program to include 650,000 more residents.More >>
Wednesday, May 22 2013 8:18 AM EDT2013-05-22 12:18:58 GMT
Dougherty County Police say tips called in by WALB News Ten viewers led them to charge a Baconton man for a hit and run over the weekend. Dougherty County Police issued arrest warrants Tuesday for 50More >>
Dougherty County Police say tips called in by WALB News Ten viewers led them to charge a Baconton man for a hit and run over the weekend.More >>
Wednesday, May 22 2013 7:18 AM EDT2013-05-22 11:18:53 GMT
Downtown Albany will be full of cyclists from all over the Southeast flying through the streets this weekend. The SB&T Bike Race will be held there to kick off the Southeast Regional Series moving throughMore >>
Downtown Albany will be full of cyclists from all over the Southeast flying through the streets this weekend. The SB&T Bike Race will kick off the Southeast Regional Series.More >>
November 30, 2007
Albany - A third of all high school seniors carry a credit card in their wallets. For most, the name on the card is that of a parent and that's who's responsible for the bill. But does plastic teach teens good spending habits or set them up for financial failure?
On average, one out of every three high school seniors carries a credit card. So when we sat down with these seniors from Deerfield Windsor School, we weren't surprised to see this. "Which one of you all has a credit card?" "I do," said Neil Wetherington. He carries this black diamond credit card in his wallet, but the name on the card isn't his. "Starting next year," said Neil, "When the credit card says my name, I have to pay for it."
For now, his parents pay. But that doesn't give him free reign to spend. "Do you ever overspend?" "No, scared too." "Why?" "I've seen my brother get in trouble before and I'm not taking the risk. I've learned my lessons."
None of the other members of this group has credit cards. Hank Goodyear says he doesn't much see the point. If you don't have the money to buy something, you shouldn't. "I don't see much of a need with credit cards," he said, "especially now when you can use a debit account and you can't spend money you don't have."
And although this group of students seems to have taken that lesson to heart, many of their friends haven't. "They go out to lunch everyday and they charge it or they go shopping after school almost everyday," said Lindsay Stern.
And mom and dad foot the bill. "What do you think that teaches them about financial responsibility?" "Nothing," she said. Wetherington added in, "Nothing at all. They just think they can spend as much money as possible and never have to pay it off because their parents pay it off, so they have no concept of what they've done."
And Breyonna Harris, who recently wrote a five page report on the dangers of credit cards, says it's a lesson they'll eventually have to learn the hard way. "It not only affects them at that time, but it affects them way on into life," she said. "When they have kids, want to buy a house, want to buy a car. It affects everything." Putting all of their money, plastic or cash in jeopardy.
Teenagers under 18 can't apply for a credit card without their parent's signature. If you want to teach your kids about spending wisely, a savings account, checking account with a debit card, or pre-loaded credit cards may be a better idea.