Bakersfield students explore financial literacy through simulation event

Students at West High School in Bakersfield participated in a financial literacy simulation event called A Bite of Reality, organized by Valley Strong Credit Union and RMJ Foundation. This initiative aims to educate students about budgeting and financial decision-making before they enter adulthood. The simulation allows students to create an alternate reality where they manage bills and expenses, helping them understand the importance of financial planning. During the event, students learned to follow the 50/30/20 budgeting rule, which emphasizes allocating 50% of income to necessities, 30% to wants, and 20% to savings. Participants, like Samuel Lopez, expressed the significance of budgeting, especially when considering family needs. The simulation encouraged students to think critically about their spending habits and the true cost of living. The event featured interactive elements, including a visit from Cashsquatch, who motivated students to open accounts with Valley Strong and make informed financial choices. This engagement aimed to instill a sense of responsibility regarding money management among the youth. Organizers plan to extend this program to multiple high schools across Kern County, with Stockdale High being the next destination. By providing these educational experiences, Valley Strong Credit Union and RMJ Foundation hope to equip students with essential financial skills that will benefit them in their future endeavors. The initiative highlights the importance of early financial education in fostering responsible financial behavior among young adults.