A representative for Educational Employees Credit Union (EECU) gave a presentation to students about how to budget finances and savings with a career in mind.
The event was called Wise Up! and took place on Nov. 3 from 12-1 p.m. at the Resnick Student Union Room 216. It was organized by the Center for Essential Needs.
Samantha Chavez-Rodriguez, a community relations officer for EECU, was the main event presenter.
“By attending this workshop, the students gained a clearer understanding of budgeting systems,” Chavez-Rodriguez said. “These practical skills will give them a strong foundation to confidently navigate finances as they enter adulthood.”
The event began with budgeting basics, and Chavez-Rodriguez urged students to be aware of fraud tactics such as fake profiles and identities on social media.
Chavez-Rodriguez warned against sharing unnecessary information on online quizzes and personality tests and to not share your Person Identification Number.
Event participants picked a career and were given an average income for the career they chose, with a check register. The check register was an interactive workshop that allowed students to plan out finances, considering their income, savings and spending habits.
Participants navigated finances and savings in areas including housing, utilities, transportation, food, clothing and entertainment. Participants would then deduct off of their monthly income depending on their spending habits in those areas to give an idea of how to manage their budget.
“Some students waste their money very quickly,” said Elijah Garcia, a freshman majoring in kinesiology. “Even with a check, they waste their money on clothes, food, anything when they catch their eye on something.”
Chavez-Rodriguez not only encouraged the participants to save for long-term goals, but also to save for unexpected events such as car accidents.
Participants were encouraged to save small amounts of money at the start of their careers, as their savings would accumulate over time.
“Once the bills are covered we tend to forget to save for our future,” Chavez-Rodriguez said. “Even if you’re not yet working at your dream job, be intentional with your earnings because small amounts add up over time.”
Childcare expenses were discussed towards the end of the presentation. Participants were then given snacks as the event came to a close.
“Everyone’s budget looks a little different, and it can change with circumstances,” Chavez-Rodriguez said. “You’ll have to adjust and apply what you’ve learned through experience, and that will lead to financial stability.”
