Life has many surprises.
Alec Pominville, 18, has been finding this out in real lifeÂ and through a financial responsibility exercise heÂ and the rest of Howell High School’s senior classÂ took part in Monday.Â
“It definitely helps with budgeting you’re going to have in life, but there are definitely surprises,” Pominville said.Â
The school’s approximately 500 seniors selected a career in whichÂ they were assigned an annual salary and given information about their gross and net income, health insurance and more, during the event sponsored by Livingston Oakland County Federal Credit Union.Â
Pominville chose a career as an engineer, something he wants to pursue in college. The average starting annual salary for an engineer was listed as $68,000.Â
Each student went through several stations where they made decisionsÂ aboutÂ dining expenses, car insurance, grocery and clothing costs, and more.
For example, the students couldÂ choose to eat exclusively at home, exclusivelyÂ eat out, or do a mix of both.
“That shows them how their choices will affect their monthly budget,” Tom Gould, Howell Public Schools public relations director, said. “It’s something a lot of kids don’t think of at this point in their life.”Â
Planning to pursue a career as an anesthesiologist, Sydney Moody, 17,Â said she started thinking about expenses such as car insurance and a car payment when she got a job.Â
The net pay each month for a surgeon â€” the closest career she could choose in the fair â€” was listed as $9,915, with an annual salary of $166,400.Â
“It’s more (about) priorities (when budgeting),” Moody said.Â
Although this is the first year of the event for the high school’s seniors, it has been held at the district’s Highlander Middle School and Parker Middle School, and at schools in Hartland and Farmington.Â
The high school has personal finance classes, which Principal Jason SchrockÂ said are popular among students.
“When you become a junior or senior, you start to think about your financial decisions,” Schrock said. “They want to feel empowered and in control of their decisions when they leave. They don’t want to go into the world not knowing.”Â
ContactÂ Livingston Daily reporterÂ Sean Bradley at 517-552-2860 or at [email protected]Â Follow him on Twitter @SbradleyLD.
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