EdPuzzle Thursday: BUDGETING - How to Save Money at the Supermarket
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!
In this week's EdPuzzle video, your students can learn and answer questions about some basic tips on how avoid spending more money than planned when grocery shopping!
Interested in more EdPuzzle videos?...
Question: How much more time do adults spend watching TV vs. managing household finances in a typical month?
Answer: About 70 times more time is spent watching TV (85 hours/month on TV compared to an hour and 12 minutes on finances)
Questions:
What are three reasons why adults spend so little time on managing finances?
How do you think that technology has impacted the time required to manage personal finance? Explain.
What are examples of activities that adults do to manage their finances?
How important do you think it is to spend time on financial management?
Here's the...
QoD: Starbucks vs. Dunkin Donuts: Which company's stock has performed better over the past five years?
People tend to be pretty vocal about their preferred "go-to" coffee spots. Who is winning the coffee war (from the investor's perspective)?
Answer: Starbucks.
Questions:
What factors do you think contribute to the very different market performance of these companies?
Starbucks is much larger and has a larger international presence. Do you think those factors are important?
Which do you personally prefer? Explain why you prefer it.
Would you make an investment decision based on a...
Schools In News: November 2019
NGPF Fellow Courtney Poquette weighs in on the recent Vermont Jump$tart conference held in Killington (Rutland Herald): "Exposure to these topics and standards throughout the education system will help prepare students for the financial decisions they will make throughout the rest of their lives,” said Courtney Poquette, a business teacher at Winooski High School."
NFL rookie Joejuan Williams credits his personal finance teacher for helping him understand how to invest (MSN.com):...
Throwback Tuesday QoD: How much will consumers pay in interest to credit card companies in 2019?
Answer: $143 billion
Average credit card debt of $830 billion (Experian study, 2019) multiplied by an average credit card interest rate of 17.27% (creditcards.com)
Questions:
Why do you think that so many Americans have 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...
Chart of the Week: How does net worth vary by age?
Net Worth is an important concept for your students to grasp. It is basically calculated as assets (think savings accounts, investment accounts, a home, a car) minus liabilities (car loan, mortgage, credit card debt).
This chart from Flowing Data introduces this concept of net worth and shows how it varies by age:
Questions:
What are examples of financial assets?
When does debt (red bars) hit its peak? Can you explain why?
When do assets peak (green bars) for individuals? Can...
TEACHER TIP - PROJECT: Introducing Insurance - You Be The Teacher
Amanda Volz brings you a Teacher Tip video on the project Introducing Insurance - You Be The Teacher. In this project, students take on the role of being the teacher to plan, research, organize, and teach an introductory lesson on one insurance type. Amanda provides some tips and ways she uses this project in her classroom!
For all of NGPF's Insurance resources, visit the INSURANCE unit page!...
QoD: You're new to credit and miss a payment on your credit card. How much will you credit score decline?
Answer: 131 points (from 599 to 468)
Explanation: Your score sank 131 points. As someone who is new to credit, you have the most to lose from a missed payment. This mistake will move you from Fair to Poor and make future credit more costly or more difficult to obtain.
Questions:
Why do you think a late payment has such a big impact on someone who is new to credit?
What do you think are the reasons that people make late payments on their credit card? Identify at least 3 reasons.
What are...
Video: Three Brain Games Videos Demonstrate Why We Fall for Scams
Here's a few Brain Games videos that I watched over the weekend that can help students uncover scams:
Pigeon Drop
Con Artist Handbook
The Scam Illusion
Questions
Have you ever fallen for a scam?
What techniques do these scam artists use in these videos to con people?
Which of the three scams do you think you would most likely have fallen for?
What lessons can you learn from these videos so that you are not conned?
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Create A Financial Scam...
Collaborate with Educators At NGPF Professional Development This Week (November 11-16, 2019)
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...
Reading List for November 8-10
By Beth Tallman
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Nov 08, 2019
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Financial Literacy, Entrepreneurship, Payment Types, Credit Cards, Investing, Cryptocurrencies, Retirement
Financial and Economic Literacy
People don’t know as much as they think they know about money. (Kiplinger)
Teens think economics is an important subject, yet they don’t grasp key concepts even after taking an economics class. Here are some suggestions for making the education more effective. (PRNewswire)
The CEO and founder of Pliquit wrote an article for Forbes encouraging banks to step in and take advantage of Gen Z’s consumption of media to fill their financial literacy...
NGPF Podcast: Vincent Branch on the transition from financial advisor to educator
NGPF Fellow Vincent Branch has a passion for financial education that became apparent the first time we met at the NGPF Summer Institute earlier this year. As a financial advisor in an earlier life, he saw the tactics used to "sell" financial products and realized how few people knew the right questions to ask. He's preparing his students to be that skeptical consumer as a personal finance teacher at Washington High School (Houston, TX). In this podcast, Vincent will discuss why he cares so...
Guest Post from Mark Fiedorczyk: Blazing a FinLit Trail (Part 3): Mission 2030 Accomplished In 2019!
Inspiring words from Mark...Congratulations on being one of the first recipients of the NGPF Gold Standard Challenge grant of $10,000!
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All graduating seniors from Lenape Valley High School will now be required to take a Personal Finance course.
On October 15th the Lenape Valley Board of Education approved a curriculum change from Financial Literacy to Personal Finance and also made Personal Finance a graduation requirement.
I am very excited to share this...
FinCap Friday (11/8/19): Peer-to-Peer Apps Go Head-to-Head
This week's FinCap Friday explores the status of some very popular and well known apps used to transfer money between friends. Now that this P2P trend is commonplace almost everywhere, what are the things we need to keep in mind about using apps to transfer money to friends and family? Dig into this below in the latest episode of FinCap Friday:
If you're short on time, try our simplified FinCap Friday (No Tech) with the questions embedded right into the slide deck!...
NGPF Fellows Honored at Jump$tart National Educator Conference
Congrats to NGPF Fellows Jackie Prester, Joey Running and Laurie Gardner. They were recognized at the 2019 Jump$tart Educator Conference in Washington, D.C. as the first three recipients of the Jump$tart Chairmen's Scholarships.
Here are the details on the awards:
Randy Lively, Jr. Pioneer Award – Jacqueline Prester Randy Lively was a co-founder of the Jump$tart Coalition and the organization’s first chairman who was recognized as a “pioneer” in the financial...
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