BEAVERTON, Ore. (KOIN) — So your child graduated high school or college. They have a job and a paycheck. But do they know how to properly budget their income?
Some Beaverton Sunset High School students recently got a chance to learn about budgeting in the real world with the help of local credit unions.
The teens were tasked with figuring out how to navigate everything from housing, transportation, groceries, furniture and phones without blowing their budget.
“You want to buy everything,” student Carter Webb told KOIN 6 News. “But you have to hold back in the real world. It’s eye opening.”
Suddenly, things students’ parents provided for them for years took on new meaning.
“Everything in life is crazy expensive compared to kids’ allowance,” Mason Rodenwald said. “In the real world we would have to pay for a car, a couch, everything!”
The young adults learned why 2/3 of families don’t budget.
“It takes a lot of work to budget and know where money is coming from and going to,” Galen Cary said.
Contact Northwest Credit Union Foundation to set up a Financial Reality Fair at your school, or ask your principal to work with a local credit union.
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