Chart of the Week: Spending Patterns By Education Level

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Jun 11, 2019
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Chart of the Week, Budgeting
Great series of charts from our friends at Visual Capitalist (hat tip to Brian Page for also tweeting this out) that analyzes spending by an individual's education level. Two charts are provided below: one for high school graduates, the other for college graduates.  High School graduate:  Explaining the chart: The chart is split into thirds:  Left side: Shows sources of income: salary, Social Security (some of these HS grads are seniors collecting Social Security, dividends...

Tech Tool Review: Google Sites

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Jun 11, 2019
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NGPF Fellows, Teaching Strategies
NGPF Fellow Jenna Derkoski (Newton South High School, MA) provides this awesome overview of how to use Google Sites in your classroom. Name of the Tool: Google Sites Cost: To access the integrations with other Google Apps that make Google Sites useful as an intranet site creator, you'll need a G Suite subscription, which comes in two forms: $5 per user per month and $10 per user per month, we have google as part of our district, so it is free for our students to access. Use Case: Allows...

Virtual PD Coming This Week...Earn NGPF Academy Credits Too!

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Jun 10, 2019
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Professional Development
We have a full slate of Virtual PD workshops to get your summer off to a great start (and you will earn NGPF Academy credits too!) Register for any and all of these events here!  Monday VPD NGPF Academy Office Hours: Beginner by Abby (2pm PT) VPD NGPF Academy Office Hours: Advanced by Sonia (4pm PT) Tuesday VPD Arcade Series: STAX! by Tim (4pm PT) Wednesday VPD Teaching Through: The Fine Print by Yanely (3pm PT) Thursday VPD Arcade Series: Spent by Tim (2pm PT) Friday VPD My Fav...

TEACHER TIP - INTERACTIVE: Get Basic with OnlineBank Sim (Short version)

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Jun 10, 2019
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PRO Tip from NGPF
Amanda Volz brings you another great Teacher Tip video on this popular Online Bank Simulation activity, INTERACTIVE: Get Basic with OnlineBank Sim (Short Version). Learn all about how Amanda implements this activity in her classroom with tips and tricks to help it run more smoothly in your classroom!      For all of NGPF's Checking resources, visit https://www.ngpf.org/curriculum/checking/...

QoD: Rank order from highest to lowest: percentage of people who....a) have an emergency fund, b) struggle to pay bills, c) live paycheck to paycheck.

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Jun 10, 2019
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Question of the Day, Budgeting
Answer (from Schwab Modern Wealth Report): Live paycheck to paycheck: 59% Struggle to pay bills: 44% Have an emergency fund: 38% Questions: Why do you think so many Americans live paycheck to paycheck? How much of it is an income problem compared to a spending problem?  If someone came to you and said "I want to stop living paycheck to paycheck," what questions would you ask them to try and understand their situation?  Why do you think it's so important to have an emergency...

Interactive Monday: Are You A Credit Score Guru?

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Jun 09, 2019
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Interactive, Credit Cards, Credit Scores
Thanks to Brian Page for finding this interactive and developing this set of reflection questions to accompany it. Interactive: Up My Score: Million Dollar Challenge Cheat Sheet: Adobe Flash Player is required There are four skill levels players should play in order: Clueless, Consumer, Expert, UpMyScore Guru Each level requires the player to respond correctly to 15 questions As you can see from the question dashboard: The player has 120 seconds to answer each question The player chooses from...

Question of the Day: When choosing from a list of 401(k) investment options, which tend to be chosen most frequently: those investments starting with the letter C, letter M or the letter Z?

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Jun 09, 2019
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Question of the Day, Investing, Retirement
Answer: The letter C Questions: Why do you think that investments with the letter C might be selected more frequently than the investments starting with the other letters?  What does your answer to the previous question say about human nature when it comes to challenging decisions with lots of options?  How can you overcome this alphabeticity bias?  Think of a decision that you recently made that had lots of choices (meals, career choices, colleges, classes to take). Describe...

Reading List for June 7-9

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Jun 07, 2019
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Financial Literacy, Parent Conversations, Credit Cards, Investing, Paying for College
Financial Literacy/Parenting In case you didn’t see this in your social media feed this past week, here is the NYT financial checklist for kids heading off to college by Ron Lieber.   Millennials Deloitte released the results of a study measuring the net worth of millennials (aged 18-35) and found that it dropped 34% from 1996 levels. Education cost increases may be largely to blame. (Yahoo) On a related note, lack of wealth is one reason millennials are delaying marriage, but they...

NGPF Podcast: Doug Lynam Describes His Transition from Monk to Money Manager

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Jun 07, 2019
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Investing, Podcasts, Behavioral Finance
Monk, personal finance educator, Marine and financial advisor. That's just part of Doug Lynam's CV which makes for a fascinating podcast. Doug shares how each of these experiences has shaped him and ultimately led to his current role as money manager. You will also learn about the motivation and key insights from his current book, From Monk to Money Manager. Enjoy!   0:00~1:12 Introduction 1:12~6:46 Early experiences with money 6:46~9:27 First job and lessons learned 9:27~15:14...

FinCap Friday: Rent Your Drobe

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Jun 06, 2019
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FinCap Fridays
In this FinCap Friday, we take a look at a trend that is increasing year after year in the world of fashion. Many are even going as far as calling it the "future of fashion!" From individual people renting their clothing to entire companies building businesses on the idea of re-useable fashion wear, renting your clothes rather than buying them is becoming more and more popular. Want to find out why? Play this week's FinCap Friday below: If you're short on time, try our No-Tech version of FinCap...

NGPF Extra Mile Award for 2018-19: Webinars

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Jun 06, 2019
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Professional Development
 NGPF Webinars are a great way for teachers to dive deeper into topics that interest them. For the 2018-19 school year, our most popular webinars were (all have been archived here and can be watched at your convenience)... What's Trending in Personal Finance?  Brush Up On Taxes Using the NGPF Semester Course: Planning for Success Weaving Math and Personal Finance in the Classroom Three Part Investing Series Teachers tell us they walk away from our webinars with several...

NGPF Fellows: Personal Finance Student of the Year Award, Edition 4

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Jun 06, 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...

EdPuzzle Thursday - CHECKING: How To Start Using Your Checking Account Properly

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Jun 05, 2019
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EdPuzzle Thursday
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! Happy first week of June! Which means...new CHECKING EdPuzzle videos! Check out this month's first EdPuzzle video, from The Financial Diet, where students can learn about details of using checking...

NGPF's Extra Mile Award for 2018-19: Professional Learning Communities (PLC)

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Jun 05, 2019
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Professional Development
NGPF's Professional Learning Community (PLC) provides educators with an opportunity to collaborate virtually on an artifact that they want to improve. Teachers meet for 30 minutes over a 3-5 week period until each member has received feedback on their resource. Here's what they tell us they love about PLCs: "I really enjoyed participating in the PLC. Not only did I get fresh ideas on how to revise my own project, but I got additional project ideas that I can use immediately in my class."...

QoD: Which of the following factors has the MOST negative influence on money habits: family, friends or social media?

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Jun 05, 2019
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Question of the Day, Behavioral Finance
Answer: Social Media.  Questions: Who has had the most positive influence on your money habits? Explain. What are some examples of how social media can lead to bad money habits? Explain a situation where a friend may have had a negative influence on how you manage your money? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Schwab Modern Wealth Report): Includes many interesting insights, including: Americans...

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