How To Advocate for Financial Education...Student Voices Matter

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Jun 24, 2018
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Advocacy, Schools In News, Current Events
I stumbled across an amazing example of advocacy for financial education coming out of Roaring Fork High School in Colorado. Two high school students there, Stefan Platzer and Xio Alvarez, are working hard on a project to make the case for money management courses in their high school. As described in the article, their project is a great model on how to advocate for financial education.  Student voice drove the process as their survey results led them to the obvious conclusion that...

NGPF Podcast: Tim Talks To Melissa Fries About Running An Effective College Access and Success Program

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Jun 22, 2018
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Paying for College, Podcasts
 Melissa Fries has dedicated nearly two decades to ensuring students are equipped with the skills they need to thrive in the future. Initially recruited by her professor as a volunteer for the Making Waves Foundation, Melissa’s enthusiasm for the program has helped shape her to become their Executive Director of the College & Alumni Program. Hear how she, along with her team, enable low income youth to and through college and on to meaningful careers. Details: 0:00–1:04...

What I'm Reading This Weekend (June 23-24)

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Jun 22, 2018
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Current Events, Employment, Personal Finance, Taxes, Stocks, Insurance
Today’s Headlines: States cleared to charge sales tax on online sales and banks pass first phase of the Fed’s stress tests, wait to hear if they can buy back shares or increase dividends.  Demographics/Employment As baby boomers retire, there are fewer workers to take their places. Who will support them? This WSJ article includes some informative maps. The FRB of Atlanta published an article detailing its findings on industries facing a shortage of workers. One aspect of...

Activity Idea: Engaging Parents Through Student Interviews

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Jun 21, 2018
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Parent Conversations, Activities, Teaching Strategies, Tips for Teachers
Thanks to Danielle Stiebs of Oak Creek High School in Oak Creek, Wisconsin for sharing this resource during our first FinCamp PLUS in Madison this week. As personal finance educators, we all know the importance of parents/guardians as they have tremendous influence in money attitudes and behaviors of their children. We know from this Question of the Day that only about 61% of students talk to Mom and/or Dad about money.  She has developed some great questions (and tweaked them over the...

Videos: Brain Games Related to Money

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Jun 21, 2018
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Behavioral Finance, Video Resource, Investing, Advertising, Financial Scams
I was just introduced to this National Geographic TV show called Brain Games. We watched an episode today and I am hooked. What makes it compelling? It requires active participation on the part of the viewer and provides a heavy dose of behavioral finance. I am queuing up this list to binge watch one lazy summer afternoon (does that exist?), but thought I would share ahead of this weekend in case someone else :) was motivated to send me a few discussion questions (tim@ngpf.org) that they would...

Long-form: One of the best articles that I have read about the psychology of money

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Jun 20, 2018
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Personal Finance, Behavioral Finance
It's the summer, so we all have time for longer form videos and articles. Look for these periodically over the next few month. Morgan Housel is quickly becoming one of my financial faves after I heard him on this podcast recently.  Then I came across his article simply titled Psychology of Money in which he lists 20 examples of "bad behavior" with money that he has witnessed first-hand. He's a great story-teller and provides great examples that you can share with your students. See how many...

5 Internet Trends You Should Be Aware Of

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Jun 19, 2018
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Personal Finance
Mary Meeker is out with her voluminous (294 slides worth!) Internet Trends analysis for 2018. I wanted to break this up into a few posts highlighting trends that tie into the financial lives of our students. Don't worry, we will turn these into Questions of the Day in time for the 2018-19 school year and we also have activities that incorporate these trends. Here are the first five... 1) 60% of payment transactions are occurring digitally (outside of a store environment): NGPF Lesson (updated...

Digging Deeper: The Value of “Professional” Professional Development

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Jun 18, 2018
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Professional Development
I know, just the words “professional development” usually makes you want to head for the hills! During my tenure as a high school mathematics teacher, my recollection of professional development opportunities and training sessions is a giant blur. Most addressed administrative requirements or curriculum changes—little of it inspiring. As a personal finance instructor at the college level, I participated in the Higher Education Financial Wellness Summits and found them to be...

What I'm Reading This Weekend (June 16-17)

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Jun 15, 2018
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Economics, Personal Finance, Budgeting
Economy  The Federal Reserve voted to raise the target interest rate this week. It was not exactly unexpected. Are you worried about the level of debt in this country? See how you feel about it after reading this blog from The Fat Pitch on the subject which is full of great graphics! Can the growth of e-commerce explain why inflation has not accelerated? I found this piece from Bloomberg on the distribution of wealth in the world to be very interesting. Housing Here is an explanation as...

NGPF Podcast: Tim Talks to Economics Professor and Marginal Revolution University (MRU) Co-Founder Alex Tabarrok

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Jun 15, 2018
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Behavioral Finance, Podcasts, Investing, Personal Finance
Alex Tabarrok, an economics professor at George Mason University, holds behavioral finance near and dear to his heart—and he’s got lots to show for it! A staunch advocate of financial education, he co-founded Marginal Revolution University, to bring economics education to the masses (listen to the podcast to learn more about its reach). Listen to Alex describe the power of prediction markets, how he teaches investing, his investing philosophy and the challenges and thrills of...

Digging Deeper: A Gambling Analogy from the Economist

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Jun 11, 2018
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Investing, Personal Finance
If you are a regular reader of The Economist, you are probably familiar with the Buttonwood articles/blogs that appear each week in the Finance and Economics section. (Here is a bit of financial history trivia: the name “Buttonwood” comes from when the stock exchange first started in an organized fashion and traders met under the buttonwood tree outside of 68 Wall Street in 1792.) While there has been a very recent change in the author of the posts, they continue to provide insight...

The case for a practical math class: Personal Finance

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Jun 11, 2018
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Advocacy, Personal Finance, Math, Article
The Scoop Last month, Edsource and The National Council for Teachers in Mathematics (NCTM) published an article making the case that high school math instruction needs an overhaul. In the piece, the NCTM calls for math course offerings that allow students to be “prepared to use math to understand the world around them and [have] an appreciation for the important role math plays in society.” NCTM President Matt Larson goes on, “we hope students will come to understand the beauty...

What I'm Reading This Weekend (June 9-10)

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Jun 08, 2018
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Current Events, Parent Conversations, Retirement, Credit Reports, Investing, Mortgages
Parenting The WSJ takes a good look at the overprotected American child. You probably see the impacts on the students you teach. Michelle Singletary explains why parents should have “the talk” (about credit) with their kids. Here are eight things parents can do to help their college students become financially independent. And here is what you do if your adult children want to move home. Education The New York Times looks at education spending over time.  (Hint: it...

Tim Talks to National Endowment for Financial Education (NEFE) CEO Ted Beck

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Jun 08, 2018
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Personal Finance, Podcasts, Advocacy, Current Events, Research
With retirement looming on the horizon and a successful decade-plus tenure at leading non-profit, NEFE, I wanted to get Ted Beck on the podcast to reflect on his experience as a leader in the field. There is so much we can learn from his perspectives on curriculum, teacher PD, research and innovation. He shared his insights on the major achievements as well as the opportunities that lie ahead in the field. Ted’s legacy of creating opportunities for collaboration, instilling a sense of...

What's New With.......Budgeting?

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Jun 07, 2018
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Budgeting, Current Events
The "What's New With" series is going to take a summer break and return in time for the start of the new school year.   Tips and Strategies "Budgets Are Like Sex" is certainly a title that would get your attention, and that is what the Huffington Post is counting on. While it is written in PG-13, it may not be appropriate for your students, but it sure might convince some of your friends to start budgeting. Here are some strategies for dealing with variable expenses. Don’t let...