NGPF Blog
Collaborate with Educators At NGPF Professional Development This Week (April 6-10)
Here's what teachers are saying about our Virtual PDs:
"Honestly, these sessions have all been amazing! I have used so much due to the PDs!"!
"I am absolutely inspired...I am more prepared to teach my students in the fall."
"Each time I join the sessions, I come away with new knowledge, insights and ideas how to use this information with my students."
We have a full slate of professional development opportunities this week for teachers with many new workshops added for this next 6 week cycle....
Question of the Day: We asked 300+ personal finance teachers what they planned to do with their stimulus check. What was their #1 answer?
By Tim Ranzetta
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Apr 05, 2020
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Question of the Day, Savings, Behavioral Finance, Parent Conversations, Investing, Credit Cards
Answer: Pay down debt
Here's a summary of their responses:
Questions:
How do you think YOU would handle a lump sum payment of several hundred dollars NOW?
Why do you think people answer this question with such different responses?
What is the importance of having an emergency savings fund now?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (USA Today)
Millions of workers and their families will...
What's New With Taxes: CARES Act Special Edition
April is Financial Literacy Month, and except for this year, Tax Month!
Here are a few tax-implications of the CARES Act that you should know about for 2019 and 2020. This information was taken from the following articles:
Don’t Mess With Taxes (Kay Bell)
Washington Post
1) Filing and payment date for 2019 taxes has been postponed until July 15.
HOWEVER: Given that the stimulus checks are tied to information from the IRS, specifically your bank account for direct...
Reading List for April 3-5
Current times are impacting every aspect of our financial lives, so this week’s list is a bit longer than usual, allowing you to decide what is relevant in your world at the moment.
Economics/Federal Reserve: The view of what is going on and how the Federal Reserve is working to mitigate the economic hits from this crisis has been presented by regional Federal Reserve Presidents:
Neel Kashkari (Minneapolis) compares the 2008 response to this year’s stimulus bill in an Op-Ed piece...
NGPF Podcast: NGPF Fellows Joy Tavano, Kerri Herrild and James Redelsheimer on the transition to teaching remotely
After last week's podcast with Brian and Amanda, I reflected on the importance of having educators discuss this transformational change required to teach remotely. NGPF Fellows Joy, Kerri and James were kind enough to take me up on the offer to share their experiences. In this podcast, they share their teaching practices and routines for both synchronous and asynchronous learning, the creative methods for connecting with students and how they are thinking about assessments. Enjoy!
Details:...
FinCap Friday: When Life Gives You Lemons...
In this FinCap Friday we check out the latest news about unemployment as a result of the coronavirus pandemic. How many Americans have lost their jobs as a result of this growing issue? Are average Americans prepared financially for the economic downturn? Finally, What can someone do if they suffer a job loss due to coronavirus? Find out in this week's FinCap Friday:
If you're short on time, try our simplified FinCap Friday (No Tech) with the questions embedded right into the slide...
Co-Creating A FinViz Scavenger Hunt: The Joys of NGPF Virtual PD
One of the joys of Virtual PDs is unleashing the creativity of educators. During a recent workshop focused on a cool investment visualization, FinViz (tool and activity), teachers came up with questions for a Scavenger Hunt to guide student exploration of this investing tool.
Here's ten of the top-rated questions for this Scavenger Hunt Activity:
Find companies that have products that you use on your phone and/or just use their product or service.
Which industry group had the...
Question of the Day: What grocery items have seen the largest increase in sales when compared to last year?
Answer:
Questions:
Which of these items has your family been buying this month?
How would you categorize these ten items into different groups?
How do you think the popularity of these items has affected their price? Do you think the cost has gone up or down?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Time):
Nielsen’s data shows that last week, Americans bought an unusually large amount of...
EdPuzzle Thursday - COVID-19: Market Crash & The Stimulus Bill
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.
This week's videos, from Two Cents, are related to COVID-19.
In the first EdPuzzle video, your students will learn the impact this pandemic has had on the stock market and tips when investing in a bear market.
In...
Question of the Day: What percent of investors at Vanguard (a large investment firm) have NOT made any trades in the face of recent market declines?
Answer: More than 90%
Questions:
Do you think it's hard to do nothing with your investments when the stock market has dropped over 20% in a month? Why or why not?
Your friend says "I know the market is going down in the next few weeks so I'm going to sell now and get back in when the prices go down?" Do you think it's easy to time the market and know when to sell and then buy back in?
What are strategies that you can use to calm your nerves when the market goes down like it has over the past...
NEW! Virtual Version of the Bean Game (and Extension Activity too)
The Bean Game stands out as a definite teacher and student favorite. It has a simple set-up, it's student-centered and applies core budgeting principles such as wants vs. needs and adjusting for financial hardships. Knowing that many of you are now teaching remotely, we developed a virtual map where students make their choices on the map with capital letter Os ("O") instead of beans. This game takes on even more relevance in light of the financial adjustments that many families are making...
Chart of the Week: What is this chart measuring?
Chart of the week now in presentation form with a chart, some questions and references. Enjoy!...
Question of the Day: What's the maximum unemployment benefit in your state?
Answer: See slides below for map with maximum benefits.
Questions:
How does your state compare with neighboring states in terms of the maximum benefit offered?
Unemployment benefits are typically calculated as about ½ of a workers’ salary but no greater than the statewide maximum benefit. Why do you think this benefit is typically below what a work typically makes?
The recent stimulus bill will pay unemployed workers an extra $600/week beyond the state unemployment benefit...
Question of the Day: What percent of Gen Z consumers are stockpiling cash in light of coronavirus?
Hat tip to Beth Tallman for this question idea! Thank you for all of the informative articles in your weekend reading list too!
Answer: 39%
Motivated by three factors:
The possibility of banks shutting down
The convenience of having cash during emergencies
The desire to ensure access to funds
Questions:
How are accountholders protected if banks fail?
Are there any other reasons you can think of that might explain this behavior?
What are the risks of holding lots of cash at...
Grab some popcorn...20 Movies and Documentaries about Money That (You and) Your Students Will Enjoy
Thanks to Brian Page for curating this list that he describes as "NOT Movies or documentaries about economics or financial industry scandals that have very little pragmatic value for high school students." He's included a brief description of the video, the financial topics that are covered and the duration. He also created a form so that you can vote on your top 5. Vote by April 15th and he will tally the results and share on FinLIt Fanatics.
Here's a sampling of movies he included:...
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