Guest Post from Mark Fiedorczyk: Blazing a FinLit Trail
This is my first attempt at blogging, but my involvement with NGPF has helped me embrace many new experiences. It all started with the State of New Jersey requiring middle school students to have coursework in Financial Literacy effective for the 2019-2020 school year. As a Regional Supervisor of Curriculum and Instruction my next thought was “ How will I make this happen?” Relevant curriculum is extremely hard to generate, and even working in collaboration with teachers, “Who...
QoD: Can you name ONE of the FIVE most impactful pieces of financial advice that millennials have received?
By Tim Ranzetta
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Oct 07, 2019
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Question of the Day, Personal Finance, Budgeting, Savings, Research
Questions:
Create a similar list with students in your classroom in answer to this question "What is the best financial advice that you have received from family members?"
What does the phrase "Don't live beyond your means" mean to you? Can you give some examples of people "living beyond their means?"
Why do you think that building an emergency fund has been such useful advice to millennials.
The advice listed above seems pretty "common sense." Why do you think that many people...
TEACHER TIP - CALCULATE: Impact of Credit Score on Loans
Amanda Volz brings you a Teacher Tip video on the activity CALCULATE: Impact of Credit Score on Loans. This activity has students use an online calculator to determine the total interest paid and the monthly payment for an auto loan and a mortgage for individuals with varying credit scores. In this short video, Amanda provides tips on how to use this activity in your classroom!
For additional resources on Managing Credit, visit NGPF's MANAGING CREDIT unit page!...
Interactive Monday: What are the trends with single-family homes?
Have your students explore this interactive from the Census Bureau to learn more about the characteristics of single-family homes built and sold in 2018. Putting the cursor over the yellow circle and blue squares in the interactive reveal information about the specific feature in the house. Lots of opportunities for math teachers teaching percents with this interactive as students can calculate how prevalent each home feature is.
Questions:
What was the median square footage for a new...
Collaborate with Educators At NGPF Professional Development This Week (October 7-12, 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...
QoD: For credit card users who have called customer service,._____ in 10 got a fee waived, ______ in 10 got a lower interest rate and _____ in 10 got a higher credit limit.
Sometimes it just takes a little initiative to save money:)
Answer;
6 in 10 have gotten a fee waived before, while 3 in 10 have received a lower APR and 9 in 10 have been granted a higher credit limit.”
Questions
Do you feel comfortable calling customer service when you have an issue with a company?
Does seeing this information about how customers save money by calling customer service make a difference in your answer to #1?
Why do you think that credit card companies are so willing to...
Reading List for October 4-6
By Beth Tallman
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Oct 04, 2019
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Financial Literacy, Economics, Investing, Insurance, Paying for College, Retirement
Financial Literacy
Perhaps we need to solve the innumeracy problem in the US in order to make any significant gains in Financial Literacy. (WAPO)
Even if we are successful in requiring every high school student to take a personal finance class, what do we do about all of those past high school who need the same knowledge? Some suggest the responsibility fall to employers. (Pensions and Investments)
Read all about NGPF's own Yanely Espinal! (MarketWatch)
Economics
US manufacturing...
NGPF Podcast: Yanely Espinal shares insights after a year of classroom visits to New York city high schools
Since joining NGPF as director of educational outreach in August of 2019, Yanely Espinal has visited close to 100 high school classrooms. In these workshops, she inspires young people through her own personal story and shares the money lessons she learned through the "school of hard knocks." In this podcast, Yanely shares what she learned during these visits, including the money topics that mattered most to young people and the "hooks" she used to engage them. She also explains the...
FinCap Friday: Be Fast with the FAFSA
This week's FinCap Friday brings you some information about the FAFSA - What is it used for? Why does it matter? Who should file the FAFSA? When is the deadline? Paying for college is one of the biggest purchases people make in their lifetime and the application process for college admissions and college financial aid are far from simple or straightforward. Find out all about the FAFSA details that matter most in this week's episode below:
If you're short on time, try our simplified...
Introduction to Kenna's Korner
Hey NGPF Community!
My name is Ikenna Okoro and I’m a new intern at NGPF. I’m so happy to introduce you all to my new NGPF blog series for the month of October: Kenna’s Korner!
Let’s break the ice with a fun game of two truths and a lie! Don’t worry, I’ll start:
I have been awarded over $5000 in grant funding
I am the co-owner of an LLC
My father is a financial professional
While you’re trying to dissect the truths from the lie, I’ll...
Activity Idea: Psychology of Investing
Here's an activity I did with my class a few years back that helped simulate the psychological aspects of investing.
It's a pretty simple game with multiple ways that you could extend and increase its complexity.
Game Instructions
You are starting the game with a fictional balance of $100
This game will have 10 rounds
The player with the highest balance after 10 rounds will be the WINNER!
Game worksheet
How each round proceeds:
Each student independently decides if they...
QoD: You purchase a new car and a year later sell it back to the dealer. What is the loss in value you should expect, as a percentage of the original purchase price?
Answer: 31% loss in value from your original purchase price
Questions:
Why do you think this loss is so large since the car is still only one year old?
What are the reasons that someone would be selling a car back to the dealer after only one year? Why might a dealer be hesitant about buying back a one-year old car?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers: (DURABLES AND LEMONS: PRIVATE INFORMATION AND THE...
EdPuzzle Thursday - PAYING FOR COLLEGE: What is the FAFSA and How Does It Work?
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 October! And you know what that means...FAFSA time! This month, we are focusing on PAYING FOR COLLEGE, and kicking off with an EdPuzzle video from Utah Features, where your students...
QoD: Match the percentage with the correct item: 97%, 25%, 37%
Following up with another fun FAFSA fact...
Items:
Percent of families who know that FAFSA is available starting October 1st [25%]
Percent of families who plan to complete the FAFSA together WITH their college bound child [37%]
Percent of families who plan to complete the FAFSA [97%]
If you need an explainer, here's a two minute video explaining the FAFSA:
Questions:
Why do you think the FAFSA is so important? Does this survey information confirm how important it is?
Have you had...
Chart of the Week: What is your go-to for product research: social networks or Google?
From Visual Capitalist:
Gen Z Millenial Gen X Boomers Gen Z Millenial Gen X Boomers
Questions:
Where do you do you product research? Does the answer vary based on the product that you are researching?
What social media sites do you use most...
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