Interactive Monday: Which charity would you choose?

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Aug 25, 2019
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Generosity, Interactive
Many personal finance teachers include a lesson/activity about "Giving Back" in their curriculum. This brief quiz would fit well there. Students are asked to choose between two charities based on where they think a $100 donation would have greater impact. Here's an example: After students choose charities for the ten scenarios presented, they can see how their results compare to others who have completed the quiz along these dimensions: Most and least supported characters Effectiveness of...

Collaborate with Educators At NGPF Professional Development This Week (August 26-30, 2019)

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Aug 25, 2019
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Professional Development
Here's what teachers are saying about our new Virtual PDs: "Keep it up. NGPF has been the most engaging PD I've attended in years." "I am absolutely inspired...I am more prepared to teach my students in the fall." "Great session! Loved it and will be back for more." We have a full slate of professional development opportunities this week for teachers. Each will help you earn credit towards NGPF Academy. All times listed below are Pacific Time.  Virtual Professional Development: a...

QoD: Savers in England received information about rival banks with higher interest rates. What percent were prepared to switch banks?

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Aug 25, 2019
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Question of the Day, Savings, Checking Accounts, Behavioral Finance
Answer: 3% Questions: If you could make an extra $100 in extra interest by switching banks would you do it? How about $20 in extra interest?  Would the amount of time required to open a new bank account impact your willingness to switch banks? Explain.  Why do you think so few savers were ready to switch banks despite a potential benefit of $150 in the first year? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

Reading List for August 23-25

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Aug 23, 2019
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Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....   Financial Literacy/Advocacy As Kentucky enacted a law to make personal finance a graduation requirement for High School, three Universities, with support from banks, have taken on the task of providing training for the teachers. (NK Tribune)   Economics The world’s central bankers and top economists are gathered for the annual symposium put on by the Kansas City Fed in Jackson Hole, Wyoming. Fed Chair Jerome Powell addressed...

NGPF Podcast: Trisha DeBacco discusses increasing access to financial education in the Webster School District (NY)

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Aug 23, 2019
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Podcasts, Advocacy, Personal Finance
What started as a trickle of students in a few Personal Finance sections at her high school has turned into a deluge. Trisha DeBacco shares her story of how personal finance evolved from an elective to a graduation requirement in her school district. Learn about her board presentation and how she made it a "hands-on" experience as well as her FAVE activities when it comes to student engagement. Enjoy!  Details: 0:00~2:05 Introduction 2:05~2:43 School community in Webster 2:43~5:18...

FinCap Friday: What's in Your Wallet?

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Aug 22, 2019
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FinCap Friday
In 2019, Capital One ranked 10th on the list of largest banks in the United States. Needless to say, they're pretty well known! And now they have a pretty well-known scandal involving cyber security too. It's been reported that the incident impacted millions of people in the U.S. and Canada. But, what exactly happened and who should be concerned? Find out all about it in this week's FinCap Friday: If you're short on time, try our simplified FinCap Friday with No Tech needed. This includes the...

NGPF Fellows: Personal Finance Student of the Year Award, Edition 14

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Aug 22, 2019
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NGPF Fellows, Financial Literacy
To acknowledge the efforts that teachers put into their classes, NGPF Fellows have the option to award a 'Personal Finance Student of the Year Award' to one student with outstanding contributions in their personal finance class. The Fellow selects a student based on the following criteria: The student has taken the Fellow's personal finance class in the 2018-2019 school year The student has demonstrated outstanding performance in the class based on their participation, academic...

QoD: How much does having a part-time job in high school impact your future earnings?

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Aug 21, 2019
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Question of the Day, Career, Research
Answer: Research shows that, in the long run, those who start working in high school earn up to 10% to 15% more than those who didn’t dip a toe in the job market until after college graduation. Questions: Have you had/plan to have a job while you are in high school? If so, what you have you learned about the world of work in that role?  Why do you think having a job in high school has such a big impact on your future earnings?  Aside from the money, what are other benefits of...

Sorry...but I have to vent

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Aug 21, 2019
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Financial Scams, Checking Accounts
August 21, 2019 Dear Jamie Dimon [Chase CEO], I applaud your leadership role on the Business Roundtable and your recent commitment to creating value for stakeholders other than just your shareholders. Earlier this week, you were quoted as saying that this shift away from a shareholder only focus “will help to set a new standard for corporate leadership.” Given your renewed focus on customers and setting new standards for leadership, I thought I would offer a suggestion on one policy...

QoD: Which country has the most retail store space per capita: Australia, U.S. or Spain?

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Aug 20, 2019
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Question of the Day, Budgeting, Purchase Decisions
Answer: Questions: What do you expect these numbers in the U.S. to be in 10 years? Explain.  Do people shop more in the U.S. because of the large number of retail stores OR are there so many retail stores in the U.S. because people shop more here?  Of your last five purchases, how many were made at a physical store vs. online?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from Irrelevant Investor): In...

Chart of the Week: Why Investment Fees Matter!

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Aug 20, 2019
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Chart of the Week, Investing, Index Funds
From Vanguard: May want to find a way to cover up the ending balances after 30 years.  Question: Two investors start with $100,000 and earn a 6% return per year for 30 years: One chooses a low-cost mutual fund with a cost of 0.25% (a.k.a. expense ratio) that is applied to their invested assets each year. Note that many index funds have even LOWER expense ratios).  The other chooses a higher-cost mutual fund of 0.63%, which is apparently the weighted average expense ratio for U.S....

TEACHER TIP - INTERACTIVE: Shady Sam

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Aug 19, 2019
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PRO Tip from NGPF
Amanda Volz brings you another Teacher Tip video on the INTERACTIVE: Shady Sam. This fun interactive allows students to take on the role of being a loan shark while learning about different types of loan options and the fees lenders offer and charge. Amanda provides some tips and implementation ideas for how you can use this activity with your students.  For all of NGPF's Financial Pitfall resources, visit the FINANCIAL PITFALLS unit page!...

Throwback Tuesday QoD: Groceries or Restaurants: Where are Americans spending more money?

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Aug 19, 2019
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Question of the Day, Budgeting, Purchase Decisions
Answer: Restaurants Questions: What do you think accounts for the trend you see in the chart? What percentage of meals do you/your family eat at a restaurant per week? From a cost perspective, how much do you think you can save (on a percentage basis) eating at home vs. going to a restaurant? For example, do you think it costs 10% less to eat at home? 40%? 50%? What might be other advantages to buying groceries compared to dining at restaurants? Click here for the ready-to-go slides for this...

NGPF Professional Development This Week (August 19-23, 2019)

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Aug 18, 2019
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Professional Development
Here's what teachers are saying about our new Virtual PDs: "Keep it up. NGPF has been the most engaging PD I've attended in years." "I am absolutely inspired...I am more prepared to teach my students in the fall." "Great session! Loved it and will be back for more." We have a full slate of professional development opportunities this week for teachers. Each will help you earn credit towards NGPF Academy. All times listed below are Pacific Time.  Virtual Professional Development: a...

Question of the Day: If you lost a job, would you rather lose it to a robot or a person?

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Aug 18, 2019
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Question of the Day, Career, Current Events
Answer: In a German study, 63% of survey respondents said they would prefer to be replaced by a robot.  Questions: Describe the emotions you would feel after losing a job to another person compared to your feelings after losing that job to a robot.  What types of jobs do you think that robots will begin to replace people? What types of jobs do you think people are uniquely qualified to do compared to robots?  Click here for the ready-to-go slides for this Question of the Day...

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