SALT LAKE CITY — Mention money, even to young kids, and their little faces light up and their excitement is unmistakable.

And getting kids enthusiastic about something is one of the best ways to keep their attention and help them absorb the knowledge they need to learn.

On Friday, third-graders at Guadalupe School in Rose Park got a lesson from two of Utah’s top banking executives on the basics of money management.

As part of National Teach Children to Save Day, Zions Bank President and CEO Scott Anderson, along with Rob Brough, executive vice president of marketing and communications, offered kids some tips on the best ways to manage their finances.

We know teaching children how to save is #039;ground zero#039; for continuing an upward trend, Anderson said.

Because the annual financial literacy outreach event fell on Arbor Day, Anderson and Brough led students in a discussion about a savings tree before planting an oak tree on the grounds of the new school building.

Brough said getting kids engaged about financial literacy early on could be key to creating positive habits for years to come.

Getting those basic principles in their minds today can get them thinking along those lines, and it can prove to pay big dividends in the future, he said.

Student Eder Aragon said he appreciated learning about spending, saving and sharing or donating money, while classmate Jonatan De Jesus German said the big lesson he learned was how to distinguish between needs and wants, along with how to share.

I would like to save some money to give to poor people and homeless people so it helps them, he said.

Brough said getting young children engaged in learning the fundamentals of good money management is critical.

A review of banking records shows Utah residents are putting away more money, a news release stated. Zions Bank had a 5 percent balance increase among its savings account products in the state between the post-recession period of January 2010 and January 2015.

Those findings tracked increases in the US personal savings rate, or the percentage of disposable personal income saved. The personal savings rate was just over 2 percent before the 2007-09 recession peak, but climbed to 5.5 percent in January, according to the US Department of Commerce.

Brough noted that the students became energized during the time in class that they were asked to participate in a game in which they learned when to choose to put money away in savings or when to decide to spend their money on something they needed.

If we can start them thinking about the concept of saving as opposed to the often natural reaction of spending, it’s an important lesson to teach at an early age, he explained. If we don’t teach our kids at an early age about how to effectively manage money, it creates some significant problems in the future.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it., Twitter: JasenLee1



Where are you investing the cash raised

The funds raised are mainly going into building capacity. Cytonn started with just four team members. We financed the initial investment with our personal savings, and liquidated our investments and pension funds. But the business has grown rapidly. We are currently approaching 20 people, we have over Sh3 billion of real estate projects signed up and the deal pipeline is very healthy.

So we have to invest in technology for efficiency and in a distribution platform we are building the very first products-focused distribution platform in this region. To sum it up, we plan to have the most capable alternative investment platform.



EDDY COUNTY GT;GT; The Eddy County budget will undergo cuts that will be painful for all involved, a county official said.

County Manager Rick Rudometkin, Assistant County Manager Kenney Rayroux and Finance Director Roberta Smith prepared a preliminary budget to present to the county commissioners for additional changes Tuesday.

The final budget must be approved and sent to Santa Fe by June 1, Rayroux said.

Though the budget had already been slashed significantly from what was requested by county departments, the county still faces about a $9.8 million deficit for the proposed budget for Fiscal Year 2015-2016.

We took the first cuts and took a $12 million requested budget down to about a $9 million dollar hole that we still need to fill, Rayroux told the commissioners on Tuesday. Either by budget cuts or by pulling out of the general fund balance,

Rayroux said that right now, he, Rudometkin and Smith estimate that the general fund will contain $22 million at the end of this fiscal year.

But, Smith warned that money taken out of reserves wont reappear without some effort, comparing it to taking money from a personal savings account.

Smith made a list of the big-ticket items behind the deficit, including a 2.5 percent cost-of-living increase for employees and an increase in new positions and raises for county employees. A three-percent increase in operating costs, capital and non-capital increases and expense exceptions, increases and transfers also contributed.



The SUB-Mission gallery, a performance art space that has existed in the Mission District for almost 20 years, may be closing down within a month. Hefty building code violation fines, the cost to renovate and retrofit the space, and a rent increase of $3,000 a month has the venue one of the last all-ages venues in the city for smaller bands to play on its last legs.

Txutxo Perez, the SUB-Missions 45-year-old founder and co-owner, opened the first version of the club in 96 or 97 (he cant remember exactly). The space started as strictly an art gallery on 24th and Mission, but slowly transformed into a full-blown performance space before moving to its current location between 17th and 18th. Since then, the venue has become a go-to spot in San Francisco for small- to mid-sized bands looking to play all-ages shows. Local bookers can pay the venue less than $200 (plus a cut of the door) to rent out the space for an entire night. The venue even throws in staffers to run the door and sound.

The SUB-Mission is lucky when it comes to many issues facing San Francisco venues, according to Perez. Its landlord is pretty cool and its neighbors dont complain about the noise. But the venue is locked in a protracted battle with the citys Department of Building Inspection.

When we got the building it had been vacant for five or six years, Perez said. We had to fix all the wiring. There were lines going nowhere to nowhere, which is a huge risk. We reinforced walls. Now the city is being a little hard about the requirements.

The problems date back to 2008, when the venue was first notified various features of the building werent up to code (like the boarded up storefront that doesnt allow sunlight into the building). The problems were ignored by both parties for a while, until recently, when Perez was informed if he didnt bring the building up to code he would be fined $40,000. His five-year lease was also coming to an end, and the landlord said if Perez couldnt bring the venue up to code he wouldnt be allowed to sign a new one.

Perez quickly hired an architect to make renovation plans that would satisfy the citys requirements, but the costs of the lengthy process (and lack of income while the venue undergoes the construction) could bankrupt the small club. According to Perez, the city requires a wheelchair lift to the private artist studios above the venue, and another for the patio out back. It also requires a smaller stage, an emergency exit corridor that reaches toward the back of the venue, and sprinklers. Then it says the building must be retrofitted, including the demolition and reinforcement of various walls.

The city estimates the budget for all the renovations and retrofitting shouldnt be any more than $360,000. Finally, it wants $15,000 for the proper permits.

Its a legal way to kill you, Perez said of the slow process of getting approval to start the renovations. They just give you the runaround [until you run out of money], he said.

According to Perez, shortly after the SUB-Mission opened, the neighborhood began to change, little by little. Art projects such as the beautiful Clarion Alley Mural Project were helping to improve the neighborhood and make it attractive to creative types.

When we first came here there was a lot of gang banging and drug dealing in the neighborhood. Half the block was all boarded up including SUB-Missions building (it used to be a Chinese restaurant back in the 80s). The first year we spent here was hard. There was a lot of Surentilde;os gang stuff going on, lots of violence, and drug dealing.

Or, as Ryan Mattos, 34, a Bay Area punk and hardcore guitarist who played his first SUB-Mission show with his band Jealous Again at the venues old 24th and Mission location in 2004, joked, It used to be terrifying, now there are poetry slams on the corner.

According to Mattos, a citys music scene needs cheap, reliable venues like SUB-Mission for smaller touring bands to play in order to grow. Solid venues like SUB-Mission, that local promoters can book at affordable prices, save bands from having illegal shows shut down by the police. If the SUB-Mission falls, smaller DIY bands that dont fit the bill at other venues in the city will have nowhere to go.

Slims and Bottom of the Hill dont care about us. Its places like the SUB-Mission where were going to end up every time, Mattos said. Ive always seen Bottom of the Hill as a bar that has a stage. For bands that dont draw big bar crowds, and where the music takes precedent over hanging out and drinking, places like SUB-Mission are really important.

Matt Bartels, 25, a Tenderloin resident, has been attending shows at the SUB-Mission gallery since he was 16. As he grew and matured, Bartels remained active in the DIY punk community, and began looking for new ways to contribute. Two years ago, he started booking shows at the gallery.

As a promoter, Bartels sees closing SUB-Mission as a stiff blow to an already fragile all-ages music scene in San Francisco. Hes noticed a steep decline in the number of youths attending shows and starting bands, and fears the end of the SUB-Mission could cause even more touring bands to skip San Francisco in favor of Oakland or other East Bay cities.

Ive seen huge bands play SUB-Mission before they were huge like Title Fight, Tigers Jaw, Have Heart, and Verse you know, and those bands are on different levels now, Bartels said. Title Fight just played Slims. Tigers Jaw just played The Great American Music Hall. If SUB-Mission is gone where do bands like that play before they get to that level?

According to Bartels, the SUB-Mission is one of the last all-ages venues in the city where a promoter can book an up-and-coming band that only draws 50 people without everyone involved losing large sums of money. It also never lost the creative energy from its art gallery roots, which made it a unique space.

Movies were always playing in the background, their sound booth is a van, theres always art on the walls, you know? Its just a very art-centric space and lot of spaces like that are being lost in San Francisco, Bartels said.

Anastasia Kiriy, 24, who worked the door at the SUB-Mission for three years until she was recently let go due to budgetary constraints, said she hopes the venue overcomes the odds, but fears it cant win the fight.

We used to be sincere, convenient, affordable, and friend-based. I remember sold-out shows and people shaking our hands for giving them a good service but something went wrong, Kiriy said. We got into a critical situation. We started losing promoters, money and people werent showing up anymore.

The gallery on 24th and Mission, according to Perez, was a survivor from the first dot-com boom. The landlord had tried to rent it to dot-commers, but the art gallery won. This latest tech boom, however, may be too much for the small DIY venue that hosts musicians, painters, and other artists to handle. But Perez, backed up against an out-of-code, soon-to-be demolished wall, is digging in his heels and vowing to fight. Hes drawing from his personal savings, and even enlisting the help of a crowdfunding campaign to keep the art space alive.

Theres been long hours, where Im frustrated and spending my own money, and think about giving it up and just moving on to something else. But when we see the response of the bands and people who support us, I know we need to keep going, Perez said. We are like the last independent space in the Mission, surrounded by expensive bars.