Hills stu­dents learn pit­falls of credit cards

Serve Daily - - FOSTERING INNOVATION - By Marissa Shields

Stu­dents from Salem Hills High School re­ceived a spe­cial les­son about iden­tity theft and credit re­cently from Bryan Halver­son, fi­nan­cial cen­ter man­ager at Zions Bank, in honor of Na­tional Get Smart About Credit Day. Halver­son taught the les­son to 11th- and 12th-graders in Lau­rie Han­son’s class­room on Nov. 3 and 4.

The fi­nan­cial outreach pro­gram comes at a time when young adults are tak­ing a con­ser­va­tive ap­proach to credit cards. Skit­tish about bor­row­ing seven years af­ter the Great Re­ces­sion, only 33 per­cent of adults be­tween the ages of 18 and 29 say they have one, ac­cord­ing to a 2016 Bankrate Money Pulse sur­vey.

“We’re teach­ing stu­dents that hav­ing a credit card can help young adults build their credit his­to­ries, they just have to be pru­dent about spend­ing within their means,” Halver­son said. “It’s good for us to reach high school stu­dents be­fore they grad­u­ate to re­mind them that their credit re­ports re­flect their choices and im­pact their bor­row­ing op­tions down the road.”

Zions Bank em­ploy­ees like Halver­son are teach­ing nearly 1,500 stu­dents in Utah and Idaho about us­ing credit wisely and bud­get­ing in honor of Na­tional Get Smart About Credit Day, an Amer­i­can Bankers As­so­ci­a­tion pro­gram.

To fur­ther help stu­dents learn skills in fi­nance, Zions Bank of­fers a free on­line game, Celebrity Calamity, at www.zions­bank.fi­nan­cia­len­ter­tain­ment.org. Play­ers are tasked with manag­ing money for a spend­thrift celebrity they have to help get out of debt. Stu­dents in Idaho and Utah ages 14 through 19 can play the game and be en­tered into a draw­ing for the chance to win a $250 sav­ings ac­count.

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