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Show THE PARK RECORD www.parkrecord.com WEDTHURSFRI, JUNE 5-7, 2002 B-7 BUSINESS EDITOR: Jana McQuay 649-9014 ext 1 13 businessparkrecord.com c Briefs Spring and Technology Show in the works The Park City Area Home Builders Association will be holding its third annual Spring Home and Technology Show on Thursday, June 6, from 11 a.m. to 6 p.m., at Marriott Mountainside' at the Park City Mountain Resort. - The show will be open to contractors contrac-tors from 11 a.m. to 1 p.m. and to the general public from 1 p.m. to 6 p.m. Admission is $5 per person. . The tradeshow will highlight construction con-struction technology and home remodeling. remod-eling. This is the perfect opportunity for anyone looking for information and ideas in home building and decorating. The show also will feature vendors from every aspect of the building and home-improvement fields. The Park City Area Homebuilders Association is a non-profit organization serving the surrounding areas of 1 Summit, Wasatch and Duchesne counties. ' It is a member-driven, volunteer organization comprising builders and" associates who are leaders in the building industry and who are stalwart in ensuring a better community and a brighter future for the areas in which they live and work. For more information about the trade show, please contact Raymond Montgomery at 901-9011, or Brad Sander at 649-8784. 0 Home Depot to offer free workshops The Home Depot store in Park City will offer free home improvement clinics clin-ics revery Saturday and Sunday in June. On Saturdays, clinics will begin at 9 a.m. with "How to Install Fencing; at 10 a.m., "How to Install Sprinklers," also at 10 a.m., "How to Install Pergo;" at 11 a.m., "How to Install Ceramic Tile" (two-hour class); at 1 p.m., "How to Build a Deck;" at 2 p.m., "How to Landscape;" and at 3 p.m., "How to Install Exterior Siding." On Sundays, clinics will begin at 9 a.m. with "How to Install Pergo" (two-hour (two-hour class); at 11 a.m., "How to Install Ceramic Tile (two-hour class); at 1 p.m., "How to Install Natural-Wood Flooring," at 2 p.m., "How to Use Fertilizers;" at 3 p.m., "How to Use Power Equipment;" at 4 p.m., "How to Use Garden Chemicals;" and at 5 p.m., "How to Select Plants for Your Yard." Experienced Home Depot associates associ-ates will cover step-by-step instruc- ; tipns related to each project Home Depot is located at 1595 E. Frontage Rd. Take the Silver Summit exit. The store is located on the east side of U.S. 40 near the Rolls Royce Gear Systems manufacturing plant For more information about the workshops, call 649-1467. . rfrilHiitrTilWttiiiiliinnyi V r- -V mm A ..i.i.iiiiiii.iii inn u.i Jin ill W : Primary Residence -Second Or Vacation Homes Investment Properties TT 3 - m , . . . is urge- Vml : r - Y" V V -(f Blvd.. S uJte I OJ Turk Cir t40M. J 9. J jjr loo much Teach teens how to manage money before jumping into co-signed bank accounts By JANA MCQUAY Of the Record staff Trying to manage a checking account can be difficult enough even for adults. Add on debit and credit cards co-signed by an adult and many youth can be in debt over their heads before they graduate from high school. Starting out their young lives in the red can be daunting. While, parents may believe their children chil-dren are ready for a checking account along with debit or credit cards when they nab their first full-time summer job before they reach 18 years old, they would be wise to think twice before turning their children loose. "If they are 16, they have to have a guardian on the account," said Wells Fargo Service Manager Kerrie A. Meier. "When I was in 'new accounts,' I tried to warn them what could happen." hap-pen." Making an effort to educate a child about the repercussions repercus-sions of mis-managing mis-managing accounts not only benefits . account until they are job, and they are over 18 years old. " - Debbie Purvis, Branch Manager Zions Bank, Park City the youth but also benefits the parents. If a child goes on a spending spree on an account co-signed by their parents, par-ents, it'll be the parents who'll pay the price when their credit goes down the tubes. Many youth are just not ready to juggle checking and credit accounts when they are 16 years old, according to Meier. "The biggest problem is they don't keep a record of their ongoing balance," she said. "Each time they overdraw their account, there are fees." Depending on the account, banks will charge a bad-check fee that could amount to $25 per check, according to Meier. If the youth has bounced six checks, he or she could rack up $150 in bad-check charges with a bank. If the bank returns a check, the store receiving the check could also charge an additional fee. And, if a store turns the situation over to a collection agency, that could cost the youth even more money. "Once the snowball starts rolling, it can really get ugly," Meir said. Resorts in west fared better through March period than By JANA MCQUAY Of the Record staff Editor's Note: This is the second in a three-part three-part series on the results of a recent National Ski Area Association survey A preliminary National Ski Area Association survey indicates that skier days in the west, the Rocky Mountains, peaked in December when snow conditions improved "the usual pattern of concentration." . The survey observed several season segments, seg-ments, including early season; Christmasholiday period; January-Presidents' January-Presidents' weekend period; post-Presidents' post-Presidents' weekend to end-of-March period; peri-od; and late season. It appears the Rocky Mountains experienced experi-enced a seesaw effect beginning with a sig A fundraisergarage sale will be held for Julie Christians on Saturday, June 8, at 8 a.m.-l p.m., at the LDS Church parking lot on Monitor Drive. Call 649-3874 or 649-2182 for drop-off sites. 1 SI YE 4!? TRAIDTBON OF SERVICE. "C- ,:r,cr for Life" Philosophy. Purchase or Refinance nri -tivm ctiti-t-&.x.f6m .kz-iom Single Family Townhome Or Condo RESPONSIVE PERSONAL SERVICE GALL NOW! REEN MORI ART Y ; fnvate Mortgage Ranker T 8U0) 9277814 or(435)r'645-7814n jjr 2yX JyX of good thing: bad Debbie Purvis, branch manager of Zions Bank in Park City, agreed. "I've seen when children have written out checks for $2 and $3, and when it hits the account, they don't have money in there, and it costs them $12 per check to cover each bad-check charge," Purvis said. "I've seen a little dinky check of $2 go to several hundred dollars." Not long ago, a youth entered the bank with a returned $6 check that had been ignored. The youth didn't pay it, and the check not only hit a collection agency, but also made it all the way to the court system. "The court took the money out of the youth's checking account because they had a garnishment .... Then guess what happened?" Purvis exclaimed. "All of the other checks in the account bounced causing caus-ing a lot of additional fees. It's a domino effect." Things can get even worse when youth garner credit accounts. The point is for students not to destroy their credit history before they graduate from college, or not to destroy their parent's par-ent's credit before high school graduation. The problem is, according to Meier, it's too easy for youth to swipe a would not recommend a checkina credit card across . i a scanner and outworking on a kngci aii about u. Education is the first step in teaching kids how to manage credit and checking check-ing accounts, but mmmmmm"mm it appears that students and parents par-ents aren't making a course at Park City High School, "Adult Roles and Responsibilities," a priority. The class fulfills ful-fills an applied technology credit. "It's a wonderful class," said Amy Leet, who teaches the course. "Just not enough students take it." Park City High School only fills one class of 20 students in a year, according to Leet. "Most schools in the valley will teach six classes," Leet added. "It's more of a priority prior-ity there than it is here." The first semester of the course deals with values and goals, decision making, and dating, whereas the second semester teaches students about money management manage-ment along with responsibilities associated with marriage and parenting. "We are actually teaching a credit unit right now," Leet said. "We teach them how to budget their money . . . Then we talk about credit history, interest and credit cards." Leet teaches them about various during mid-February most other regions nificant drop of 27.7 percent of skier visits compared to last year during the early-season segment and a 16-percent decrease during dur-ing the late-season segment. Nationally, early-season visits were estimated esti-mated to be down 36.7 percent compared to last year, and during the late-season segment, seg-ment, the NSAA survey estimated a 22.4-percent 22.4-percent decrease in skier visits, indicating a similar pattern of estimated drops in skier visits reported in the Rocky Mountains. The NSAA survey also reported likely reasons for the beginning and end-of-season decrease in skier visitation. "Additionally, the early season was likely most heavily affected by the fallout from 911 and related events, while the late- season sea-son results were affected by shifting vacation patterns associated with the earlier Easter this season (March 31) relative to last season if- - - r XJ PETER CHUDLEIGHR4RK RECORD While parents may believe their children are ready to manage checking accounts and debitcredit cards, they would be wise to seek other options. accounts, but encourages students to avoid opening accounts with a lot of strings attached. "I just tell them to find a bank with free checking," she said. "It's easier for them because they are just learning how to budget bud-get .. . Having to deal with a minimum balance bal-ance can be difficult." But Purvis at Zions Bank doesn't believe a youth under 18 years old should even have a checking account, let alone have a debit or credit card. "I would recommend savings accounts with an ATM card for kids," Purvis said. "It gives them experience having an account and lets them see how fast their money can go. It makes them more accountable." But she also believes that youth should post all savings account transactions in a register because ATMs don't always indicate indi-cate recent withdrawals. "They youth can pull out money on a Friday night and their ATM balance won't update that transaction until Monday night," Purvis said. "So, it's really important impor-tant to keep a register on their savings (April 15). The early Easter helped March visitation in several regions this year, but may have contributed to the weak April performance." per-formance." End-of-season numbers also will be revised when NSAA receives actual data on April visitation, since many resorts were still operating when the survey statistics were reported. The Rocky Mountains' spike in skier visits vis-its occurred during the ChristmasNew Year's period, when area resorts garnered an estimated 6.8-percent increase in skier visits compared to last year. Nationally, the increase was only 1.5 percent. During the January-Presidents' weekend period, the survey estimated the Rocky Mountains experienced a 6.4-percent downturn down-turn in skier days following its peak December segment. Nationally, during dur-ing the same period, the survey estimated a .2-percent decrease in skier visits. In line with the seesaw effect, skier visitation visita-tion in the Rocky Mountains bounced back Park City Extreme Trvout Schedule pa Fall 2002 Team Selection y U' 11 Girls Monday June 3 6:30-Hpm Au9l-July'92 Wednesday June 5 5-6:30pm U'12 Girls Thursday May 23 5-6: 30pm Aug'9-July'91 Wednesday May 29 6:30-8pm V 13 Girls Tuesday May2S 6:30-Spm Aug')(9-July'90 Thursday May 30 5-6: 30pm U'14 Girls Monday May 20 6:30-Spm Aug'HX-July'X9 Friday May 31 5-6:30pm W 11 Boys Monday June 3 5-6:30pm Aug'9l-July'92 Wednesday June 5 6:30-8pm V 12 Boys Thursday May 23 6:30-8pm Aug'90-July'9l Wednesday May 29 S-6:30pm V 13 Boys Tuesday May 28 5-6:30pm Aug'89-July'90 Thursday May 30 6:30-8pm V'NBoys Monday May 20 S-6:30pm Aug'88-July'89 Friday May 31 6:30-8pm V'l 516 Boys Tuesday June 4 5-6:30pm Aug'86-July'88 V'17Boys Thursday May 30 S-6:30pm Aug'85-July'86 All sessions will be held at Trailside Park-Upper Field. Check-in and try out registration at upper pavilion! RAIN DAY Tueutay June 4 TBA COACHES MEETING Thurtdaj June 6 7:00pm TraiUidt Park PLAYER REGISTRATION Saturday JumS 9 :) llpmTrailside Park Contact Coaching Director Bob Martin at 435-655-5766 with any questions. for youth account." Purvis also believes children should start learning how to save al a young age. "It gets them in the habit of saving," she said. "I would not recommend a checking account until they are out working on a job, and they are over 18 years old." She also recommends that students not jump into obtaining credit cards in the traditional tra-ditional sense. Purvis related an experience she had with her own son. Since he had already built up a savings account, she recommended recom-mended that he put $300 of his savings in a secured VISA savings account. "It's like a savings account," she said. "But it's also a way for a young person to establish credit." Purvis recommended to her son that he use the VISA card, which had a $300 credit cred-it limit determined by the amount he hail already deposited in the account, to pay lor gas. The plan is to completely pay the card off each month. "That way, he doesn't have to pay interest, inter-est, and he's building a credit history." v Mountains up 2.9 percent compared to last year during the post-Presidents' weekend to end of March period, while, nationally, the period was estimated to be down by 3.4 percent, the only segment when national and regional Rocky Mountain percentages did not reflect a similar pattern. The fact that Park City and other Utah ski resorts were able to benefit from post Olympic media attention could be the reason rea-son why the Rocky-Mountain region bounced back up when, nationally, other resorts did not. "I think most likely it was that we were riding that Olympic wave with 17 days of fantastic images the world saw," said Nathan Rafferty, director of communications lor Ski Utah. "It would be difficult not to want to come and ski the Rocky Mountains." To a smaller extent, Rafferty believes that locals, who had stayed away during the Games, hit the slopes pretty hard. "We had fantastic snow and volunteering was over." |