THEIR MONEY GO. TAKE A LOOK. YOU MINUS THAT OUT. SCHOOL’S ABOUT $20. HBO. THAT’S ANOTHER TEN. YOU ALSO HAVE TO FACTOR IN WI-FI. NO. NOT TODAY, MAN. I’M FINE. THIS IS THE REAL WORLD. STUDENTS AT JEREMIAH BURKE HIGH SCHOOL IN DORCHESTER ARE PAYING FOR HOUSING. MINUS THAT OUT FROM YOUR MONTHLY. GOT A PRICELESS LESSON AT THIS FAIR? I DON’T EVEN KNOW WHAT I’M GOING TO DO RIGHT NOW. THAT’S A LOT. HOW TO MANAGE THEIR MONEY ONCE THEY’RE ON THEIR OWN. YOU KNOW, KEEPING TRACK OF MY BUDGET, I FEEL LIKE I’M FINALLY IN TOUCH WITH REALITY. I CAN’T AFFORD ANYTHING BEFORE TODAY’S WORKSHOP. STUDENTS HERE GOT SOME HOMEWORK. THIS SHEET WHERE THEY HAD TO PICK A CAREER. FIND OUT THE AVERAGE SALARY AND THEN MAKE A BUDGET. MY PROFESSION IS A TEACHER AND I’M MAKING 55,000. IT’S VERY EXPENSIVE TO LIVE IN BOSTON AT THE REAL ESTATE TABLE. JUNE ZAPORIZHZHIA FIRST PICKED AN $1,800 A MONTH APARTMENT IN THE BACK BAY BEFORE REALIZING SHE COULDN’T AFFORD IT. SO NOW I’M GETTING A CHEAPER APARTMENT FOR 1100. IT’S IN A DIFFERENT AREA. I’M ALSO HAVING A ROOMMATE. YOU’RE GOING TO NEED AN INSPECTION. WE NEED TO DO MORE, ESPECIALLY AS IT RELATES TO KIDS UNDERSTANDING JUST HOW MONEY WORKS. EARLY INVESTORS INCORPORATED RUNS THIS WORKSHOP AT SCHOOLS IN MASSACHUSETTS. THEY HAVE TO FIGURE OUT WHAT THEIR NET INCOME IS, AND THEN ONCE THEY DERIVE FROM THAT NET INCOME, THEY GO FROM ONE BOOTH TO ANOTHER BOOTH, AND EACH BOOTH REPRESENTS THAT FINANCIAL DECISION THAT EDUCATION. YOUR TITLE LIKE HOW MUCH A CAR AND GROCER COST ABOUT $280 A MONTH. OKAY. CERTAIN DEMOGRAPHICS, CERTAIN GEOGRAPHIC AREA, THEY ARE HIT HARD BY THE ECONOMY. AND YET WE’RE NOT DOING OUR BEST TO TRY TO EDUCATE THEM ON THESE IMPORTANT MATTERS. IT’S NOT JUST FINANCE. THIS IS A LIFE SKILL THAT EVERYONE NEEDS TO MASTER IN
Boston high schoolers get valuable lessons about budgeting, balancing finances
Updated: 5:05 PM EDT May 1, 2024
Students at one school in Boston learned the basics of budgeting on Wednesday and found out how far they could make their money go.Students at Jeremiah Burke High School in Boston’s Dorchester neighborhood got a priceless lesson at the fair, including how to manage their money once they're on their own."I'm keeping track of my budget. I feel like I'm finally in touch with reality. I can’t afford anything," senior June Zaporojan said. Before the workshop, students got some homework, including picking a career and finding out its salary."So, my profession is a teacher and I'm making $55,000," Zaporojan said. At the real estate table, Zaporojan first picked a $1,800-a-month apartment in the Back Bay before realizing she couldn't afford it."Now I'm getting a cheaper apartment for $1,100. It’s in a different area. I'm also getting a roommate," she said."We need to do more, especially as it relates to kids understanding just how money works," said Nislo Galvao, co-founder of Early Investors Inc.Early Investors runs the workshop at schools in Massachusetts."They have to figure out what their net income is, and then once they derive from that net income, they go from booth to booth and each booth represents that financial decision," Galvao said. They also factor in how much a car and groceries cost."I feel it’s even more valuable than standard classes," Zaporojan said. "Certain demographics, certain geographic areas, they are hit hard by the economy and yet we are not doing our best to educate them on these important matters," Galvao said. "It’s not just finance, this is a life skill that everyone needs to master."
BOSTON — Students at one school in Boston learned the basics of budgeting on Wednesday and found out how far they could make their money go.
Students at Jeremiah Burke High School in Boston’s Dorchester neighborhood got a priceless lesson at the fair, including how to manage their money once they're on their own.
"I'm keeping track of my budget. I feel like I'm finally in touch with reality. I can’t afford anything," senior June Zaporojan said.
Before the workshop, students got some homework, including picking a career and finding out its salary.
"So, my profession is a teacher and I'm making $55,000," Zaporojan said.
At the real estate table, Zaporojan first picked a $1,800-a-month apartment in the Back Bay before realizing she couldn't afford it.
"Now I'm getting a cheaper apartment for $1,100. It’s in a different area. I'm also getting a roommate," she said.
"We need to do more, especially as it relates to kids understanding just how money works," said Nislo Galvao, co-founder of Early Investors Inc.
Early Investors runs the workshop at schools in Massachusetts.
"They have to figure out what their net income is, and then once they derive from that net income, they go from booth to booth and each booth represents that financial decision," Galvao said.
They also factor in how much a car and groceries cost.
"I feel it’s even more valuable than standard classes," Zaporojan said.
"Certain demographics, certain geographic areas, they are hit hard by the economy and yet we are not doing our best to educate them on these important matters," Galvao said. "It’s not just finance, this is a life skill that everyone needs to master."
