Building the Next Generation of Talent
Dec 16, 2015
Stanly County NEXGEN Young Adults Take It to the Bank
Resource Development Center (RDC) NEXGEN Visit Bank of North Carolina
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Today"s young adults are much more aware of the world around them than ever before but most aren"t always familiar to the financial fundamentals that will help them operate in the real world. Stanly County NEXGEN young adults from RDCrecently visited the Bank of North Carolina to learn and ask financial questions."
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The young adults were taught how to open a checking account,build credit,savings accounts,and personal finance."
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Rob Brown,Manager of the Bank of North Carolina in Stanly County explained that opening a personal checking or savings account can be the first step to money management and independence but it"s important to know what"s available.
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Stanly County NEXGEN customers were very engaged during the visit. In fact,NEXGEN customer Shamaneik Howardasked numerous questions about direct deposits and getting loans from the bank." Brown took the time to explain how building credit works and that employers are responsible for direct deposits.
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"You must however have an open account for employers to deposit money into," Brown said.
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NEXGEN customer Aaliyah Richardson learned that basic interest or non-interest bearing accounts normally do not pay interest. In conversation,Brown described the difference if one were to open an interest-bearing account.
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RDC NEXGEN young adults all agreed that it"s important to know where you bank and to choose a financial institution close to home and work.
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Jim Kohn,Career Development Specialist from RDC,reminded NEXGEN young adults that bouncing checks because of insufficient funds can be costly. Brown also talked about bounced checks and how to prevent this from happening."
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Stanly County NEXGEN young adults all agreed that opening a bank account is necessary and it"s important to feel comfortable at whatever financial institution you may choose.
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The Centralina Workforce Development Board and theNEXGEN Council believe in teaching young adults about the quality of life and how to survive in the real world as the next generation of talent. For more information regarding the NEXGEN Council,contact Solomon McAuley,Centralina Workforce Development Board Youth Specialist at 704-348-2725 or smcauley@centralina.org."
