Question of the Day: How much did consumers pay in interest to credit card companies in 2017?

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Aug 14, 2018
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Credit Cards, Research, Question of the Day, Current Events
Answer: $104 billion Questions: Why do you think that so many Americans carry credit card debt, meaning they don’t pay the full balance on their credit card statements every month? Does credit card debt carry a high or low interest rate? What ideas do you have on how you can avoid getting into credit card debt where you can't pay your balance off every month?  Imagine using your credit card to buy $100 of clothes. If you weren’t able to pay off that purchase for a year and your...

How long does it take to verify my teacher account?

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Aug 14, 2018
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PRO Tip from NGPF, Tips for Teachers
THE PROBLEM: I signed up for a teacher account, but I still don't have online access. How long will this take? Find out in our new VLOG initiative called PRO Tip from NGPF...    THE ANSWER: Watch this 2-minute video to learn more! What to receive a weekly PRO Tip to your inbox? Sign up for the blog digest on the upper right of our blog page. ...

Interactive Monday: What makes for a better life?

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Aug 13, 2018
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Interactive, Current Events, Math
I thought this would be an interesting question and interactive to get your personal finance class off to a great start this year. It takes a step back from talking about money and forces students to think about what they value most when it comes to life. It will also allow them to 1) see what countries match up best with their definition of a better life 2) see how their answers compare with others in the U.S. and 3) have them think about the relative strengths and weaknesses of the U.S....

Question of the Day: What is the most popular financial app on the iPhone?

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Aug 13, 2018
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Budgeting, Behavioral Finance, Current Events, Payment Types, Research, Question of the Day
Answer: Cash Here's the leaderboard as of 8/2/18 (from SimilarWeb): Questions:  Do you have financial apps on your phone? If so, which do you use most often? If not, why not?  What are the pros of cons of using your mobile phone to manage your bank account? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from Quartz): As more payments take place electronically and bank branches slowly disappear, your...

Digging Deeper: Helicopter or Hands-Off Parenting for College Students?

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Aug 12, 2018
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Parent Conversations
It’s that time of year. Approximately 3 million US teens are getting ready to head off to their first year of college. Maybe you are sending your own kid off to school. Maybe you are in touch with students who are heading off to school, or with their parents. I decided to provide a bit of a survey of the articles that have popped up in the past couple of weeks on the subject looking for some pearls of wisdom we might be able to use. This one from last week’s reading list got me...

First Question of Day for 2018-19 School Year: Which U.S. company was the first to hit $1 trillion in market capitalization?

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Aug 12, 2018
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Question of the Day, Investing, Stocks, Current Events
Answer: Apple Here's a chart that shows their incredible increase in value over the past 18 years:  Questions:  Which Apple product do you think has had the largest impact on the value of the company? Looking at the graph, if someone had invested $100 in Apple stock in 2000, how much would it be worth in 2018? Based on the graph, was the iPhone an initial success? What company do you think might be the next to $1 trillion? Explain your answer. Click here for the ready-to-go...

What I'm Reading This Weekend (August 11-12)

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Aug 10, 2018
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Personal Finance, Savings, Parent Conversations, Economics, Current Events
Personal finance Banks and credit unions are talking about providing financial education as a competitive “weapon.” Is this good or bad? Buying a car? Here is a quick video reminder of warning signs indicating you should walk away. Parenting, Teens, and College Parents, especially mothers, are teaching their kids about money. Is the tide turning? Here are two studies/articles that suggest perhaps they are. One from Current suggests that teens save for goals, and according to...

NGPF Podcast: Tim Talks With Andy Davidson About Math's Role In Building Financial Capability

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Aug 10, 2018
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Podcasts, Math
Andy Davidson spent much of his career on Wall Street and saw first-hand what happens when consumers lack basic financial skills.  What he saw inspired him to create a course that teaches personal finance through mathematics. And thus, FiCycle was born! Hear how he describes the rationale behind the three pillars of his curriculum, the importance of scaffolding and what this entrepreneur has learned along the way. Listen closely as Andy espouses the virtues of bringing more math into your...

Looking to use more infographics in your classroom? Here's a few good ones to use (and the brain science behind it)

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Aug 09, 2018
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Credit Reports, Investing, Personal Finance, Savings
Do your students seem very engaged with the infographics that you are using in your lessons?  Here's the brain science behind why they have become so successful as a teaching device. Some of the more interesting factoids from this infographic (of course, it's an infographic about the power of infographics): Information overload is real: Color graphics make us 80% more willing to read: When providing directions, illustrations (or YouTube) videos are a must: ---------------------- We...

Schools in the News: State policies, teacher PD and Wise Students

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Aug 08, 2018
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Schools In News, Professional Development, Policy
TN Treasurer visits Elizabethton to launch financial literacy program (Elizabethton Star):  Through the program, each classroom sets up their own mini-economy where the children take on different roles such as merchants, bankers, and other professions to learn about earning and spending money. Students will also learn about evaluating expenses from a needs versus wants perspective, as well as financial topics such as loans, interest, and inflation. In the classrooms where the program has...

NGPF Flash Survey: What Does Personal Finance Look Like In Your Classroom?

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Aug 08, 2018
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Flash Surveys
It feels like summer just flew by! From the looks of our FinLit Fanatics Facebook page, many of you seem to be gearing up and updating your Personal Finance materials for the 2018-19 school year! We're curious: What Does Personal Finance Look Like in Your Classroom?As always, survey respondents will be entered into a drawing for a chance to win a $50 Amazon Gift Card!          Create your own user feedback survey ...

Bringing An Outside Speaker To Your Class? Here's How To Make The Day A Success!

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Aug 07, 2018
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Teaching Strategies, Tips for Teachers, Career
First of all: Thank you. If you are reading this then you have brought or plan to bring an outside speaker to your classroom. There are so many benefits to your students that come from bringing outside voices to speak to your students. Let's name just a few: Deep domain expertise Can reiterate points that you have been making with (sometimes it helps to come from someone else) It can provide them with practice on talking to professionals in a given field It can get them interested in a specific...

Digging Deeper: Tying the Knot--Millennials Tie Up the Financials First

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Aug 06, 2018
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Personal Finance, Budgeting, Behavioral Finance, Podcasts
A recent New York Times article went into depth as to why millennials are postponing marriage. The median age for marriage is now at 29 for men and 27.4 for women, up from 23 and 20.8 in 1970.  For those interviewed for the article, financial stability, being established in careers, and enjoying a variety of life experiences were important milestones to reach before marrying.  “People are not postponing marriage because they care about marriage less, but because they care about...

Infographic: How Does America Use Its Land?

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Aug 05, 2018
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Economics, Research, Interactive
This may fall more into the category of Business or Economics but there is a fascinating interactive that shows how land use drives local economies in the U.S.. The designer creatively used a map to give readers some sense of the percentage of land used for each of these purposes. For example, the amount of land used for cow pasture/range would take up much of the midwest. (Note: This is only one of the 13 different graphics so please go to the link to find other surprising map): ...

What I'm Reading This Weekend (August 4-5)

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Aug 03, 2018
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Personal Finance, Parent Conversations, Current Events, Taxes, Stocks
  New for/about High School Students I never thought cellphones in the class was a good idea, but what a battle! Here is some evidence that supports banning them. (Don’t miss the video about parents use of cell phones as well!) High school kids fill out all kinds of surveys trying to help them through the college/career maze ahead, unaware that their data is being sold! Parents may worry about their new college student succeeding away from home. Here is some advice on preparing them...