QoD: What is the fastest growing scam reported to the FTC? a) Tax scams b) Romance scams c) Gift card scams?

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Feb 18, 2019
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Question of the Day, Financial Scams
Answer: Romance scams I figured now that Valentine's Day was in the rearview mirror, we could show the dark side of romance.  Here's the chart: Questions: Why do you think romance scams are so successful and growing so quickly?  Do you know anyone who has fallen for a romance scam?  What are steps that you can take to prevent falling prey to a romance scam?  Click here for the ready-to-go slides for this Question of the Day that you can use in your...

Just One Resource - INTERACTIVE: Navigate Your Online Bank Account (Short Version)

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Feb 18, 2019
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Just One Resource
      In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.  [The Resource] INTERACTIVE: Navigate Your Online Bank Account (Short Version) The Gist: Students get the chance to explore different features online banking has to offer by going through an online bank simulation!  The Best Parts: Students review...

Interactive Monday: How Soon Can I Retire?

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Feb 18, 2019
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Interactive, Retirement, Investing, Index Funds
We all know how difficult it is to get kids to think about investing for retirement but also know how important it is to convince them to start investing ASAP given their youth and the magical powers of compound interest. So, what's the hook? What young person doesn't dream of retiring early which is kind of ironic given that many of them have these thoughts before they even have their first job. Stay with me. This focus on early retirement, which has gained more prominence recently with the...

QoD: Can you name ONE of the top 3 financial goals for millennials?

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Feb 17, 2019
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Question of the Day, Savings, Behavioral Finance
Answer: Earning a grad/Master's Degree Buying a car Getting married Questions: Do you think that financial goals are important? What are three of your immediate financial goals that you want to achieve in the next five years? Pick ONE of those three goals and spend 5 minutes brainstorming the steps you need to take to accomplish it.  How do you think your financial goals might be different 10 years from now?  Click here for the ready-to-go slides for this Question...

Video: The Influence of Influencers

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Feb 17, 2019
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Advertising, Video Resource, Budgeting, Behavioral Finance
From Reuters:  Questions: Do you follow influencers on any of the social media platforms?  What makes you decide whether to follow a specific influencer? Have you ever bought anything that an influencer recommended on social media? Explain.  Why do you think that influencers are more effective than traditional advertising?  ------------------- Related content: Question of the Day; A YouTuber with over 1.4 million views a month can expect to earn about _____________ in...

Reading List for February 16-17

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Feb 15, 2019
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Personal Finance, Budgeting, Paying for College, Taxes, Retirement, Current Events
Personal Finance Valentines Day article: here is great pickup line: “Be my financially compatible Valentine?” (WSJ) For those fans of “personal finance on a postcard” concept, here are the rules of thumb according to (Money Maven). More on taxes from Michelle Singletary of the Washington Post, including what NOT to do if you find you owe the IRS money. (New tax laws > lower withholding > lower refunds, if any.) Budgeting Some fun celebrity facts to bring home the...

NGPF Podcast: Tim Talks to Social Entrepreneur Marcy Reyes of the Financial Literacy Youth Initiative (FLY)

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Feb 15, 2019
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Podcasts, Financial Literacy
Driven to serve others by educating them to become financially capable, Marcy Reyes has found several ways to accomplish this mission. She teaches at Rhode Island College while also leading a non-profit that she founded to support high school students. Oh, all this while holding down a full-time job with a health insurer. She is clearly someone motivated to serve others by teaching them valuable skills about managing their money. In this podcast, you will hear Marcy share her story and the...

FinCap Friday: Ghost Stories

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Feb 14, 2019
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FinCap Fridays
In this FinCap Friday we share recent news about workers quitting their jobs in an unusual way, which many are comparing to "ghosting." Why would anyone choose to just walk out of work one day and not tell anyone that they won't be coming back? Well, the changes in the American jobs market have definitely contributed to this phenomenon but there are certainly many other factors involved. Is it even a big deal to "ghost" your job and move on to the next? Dive into this question while playing this...

Why Can't My Students Edit the Docs Inside a Student Activity Packet?

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Feb 14, 2019
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PRO Tip from NGPF, Activities
THE PROBLEM: I've created my own copy of the Student Activity Packet, and my students have their own copies in my LMS, but they can't edit any of the activities INSIDE the Student Activity Packet. Why not?   THE ANSWER: Watch this short video for a quick life hack to those pesky activities that say View Only.  Want to receive a weekly PRO Tip to your inbox? Sign up here. ...

EdPuzzle Thursday - INSURANCE: 5 Factors that Determine Auto Insurance Rates

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Feb 13, 2019
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EdPuzzle Thursday
New Product Alert! Want to assign videos with built-in questions? We will be releasing a new EdPuzzle video here on the blog each week so that your students can answer questions that are directly embedded within engaging videos. We are excited to share with you a new video each week and a new topic each month! This week's EdPuzzle video is from InsuranceQuotes.com, where students will learn about 5 different factors that go into your individual auto insurance premium: your deductible, type of...

QoD: How much does the average adult spend on Valentine's Day?

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Feb 13, 2019
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Budgeting, Behavioral Finance, Current Events
Answer: $162 Questions:  What do you think are the most common items purchased on Valentine's Day? Try and name 5 and estimate their cost.  Are there Valentine's Day purchases that cost a lot more around the big day than they do the rest of the year? What economic principle explains that phenomenon?  Why do you think that fewer people are spending on Valentine's Day compared to a decade ago?  What are some low-cost ways to celebrate Valentine's Day without "breaking the...

Question of the Day: What college major is most common among world leaders?

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Feb 12, 2019
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Question of the Day
Answer: Politics and Economics Hat tip to Brian Page for pointing out this chart.  Questions: What do you think is the ideal educational background for a country's leader?  How do you think a leader's educational and career background affect the way they govern?  What's a good headline for this chart?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from Visual Capitalist): When it comes to the...

The Psychology of Investing: Avoid Stupid Mistakes, Play STAX

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Feb 12, 2019
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Interactive, Investing, Stocks, Index Funds
Hat tip to Vadas at Abnormal Returns for pointing out this article from Behavioral Investment about why we make stupid investment decisions.  The article lays out nine reasons why normally rational, thoughtful people make what he describes as "sub-optimal" investment decisions. As I read through the list, I realized how our investing game STAX (over 160,000 game plays since November launch) gives students an opportunity to make a lot of stupid decisions which they hopefully will learn from...

Chart of the Week: Do families pay more in federal income taxes or in hospital costs?

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Feb 12, 2019
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Chart of the Week, Insurance
Hat tip to Beth Tallman: Questions What happened between 2010 and 2018 to hospital spending and tax rates?  Does it surprise you that Americans spend more on hospital spending than they did for federal income taxes? Your friends says that he thinks hospital costs have peaked in 2018. Does the graph support his argument?  ----------------- Check out NGPF Insurance Unit Page for ideas on how to bring insurance to life for your students.     Behind the chart from...

QoD: How much did consumers pay in overdraft fees in 2017 (in billions)?

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Feb 11, 2019
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Question of the Day, Checking Accounts, Research
Answer: $34.3 billion Here's how the average fee has grown over the past decade: Questions: In your own words, what does it mean to overdraw your account? Why do you think that banks collect so much in overdraft fees from consumers? Young people are particularly susceptible to these fees. What steps can you take to avoid these pesky fees?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Wealth...

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