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Rochester high school students learn about budgeting

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Student getting finance advice

ROCHESTER, Minn. (KTTC) - Many students in high school ask a similar question, "When am I going to use this stuff?" However, Wednesday afternoon, students from Rochester's three public high schools learned a lesson that is applicable in real life at Century's Personal Finance Camp.

As a preview for upcoming lessons, the students learned about managing expenses, building up savings, investing and planning for their future.

The students were given a salary amount to work with based on their career interest.

"They get the idea that they have a paycheck, but they're shocked when they realize how much of their paycheck they don't get to keep because of required deductions. They get blown away with insurance and how much that really does cost," said Century business education teacher Ann Pagel.

"They're choosing to live with roommates which I'm saying 'Maybe you can life on your own. Spend more on your housing.' Food budgets are a little too much," said Home Federal Branch Manager Lee Kulas who volunteered for the event.

"I found it difficult leaving out stuff I wanted to buy. Over there you could buy a dog and I wanted a dog, but I couldn't afford it," said Mayo senior Kelly Klees. "Stuff like that I had to sacrifice to keep my money. It makes me feel more ready for my life but a little scared."

While students may not have been expecting all the expenses that go with adulthood, some ended up with money left over.

The class hopes to get students to start saving at a young age and plan for the unexpected.

Personal finance is an offered elective at all all of Rochester's public high schools.

Alex Tejada

Alex Tejada

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