Akron High School Students Learn Financial Literacy Through BankOnBuffalo Event
AKRON, NY (WKBW) — BankOnBuffalo’s Financial Reality Fair on Wednesday provided Akron High School students with an opportunity to learn how to finance their future.
Students picked a career they wanted, then cycled through 15 stations focused on monthly expenses such as groceries, rent, and car insurance payments.
For many students, this fair was a wake-up call.
“The furniture was kind of amazing, some people rent furniture. I didn’t know you could do that,” said Canyon Sundown, a junior at Akron High.
The average college grad has over $31,000 in student loan debt, and then they have to find an apartment.
The average rent for a one-bedroom apartment is $1,300, car payment exceeds $600 for a new car and $500 for a used car.
That’s why Akron High School students need to take a personal finance course, and for business teacher Karen Saelli, it’s a good way for students to learn about finance.
“It’s a great opportunity and I hope it will interest them a bit more when they sit in front of me in the classroom,” Saelli said.
BankOnBuffalo says this event aims to teach kids about real-world spending so they can soar when it’s time for them to leave the nest.
“We’re getting nothing today but talking to these kids and giving them advice. Showing them what life might be like after they graduate,” said Josiah Leroy, Community Office Manager at BankOnBuffalo. .