Interactive: Do you have a designer's eye? OR Can you tell which item costs a $1,000 more?

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Jul 08, 2018
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Interactive, Budgeting, Behavioral Finance, Purchase Decisions
Ok, I have never been accused of having a designer's eye and answering the five questions in this Marketplace quiz provided further proof of that. I thought this short interactive might lead to interesting conversations about why we buy the things we do and all the psychological factors that play into purchasing decisions (e.g., status vs. function) From Marketplace:  Questions: Did you do better or worse than you expected picking out the higher-end furniture?  What surprised...

What I'm Reading This Weekend - July 7-8

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Jul 06, 2018
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Current Events, Economics, Student Loans, Personal Finance, Retirement
Economy This detailed Vox article explains what recent Supreme Court rulings at the end of this term mean for American business and the future of Antitrust. Economics nerds will enjoy the good examples of monopoly and monopsony here. How do American workers fare compared to their counterparts across the world? Maybe not so well. “Only Spain and Greece, whose economies have been ravaged by the euro-zone crisis, have more households earning less than half the nation’s median income...

NGPF Podcast: Tim Talks to Maggie Robles About Creating a Successful Financial Math Program at Centennial High School (CA)

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Jul 06, 2018
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Podcasts, Math, Teaching Strategies, Advocacy
Maggie Roble’s students at Centennial High School in Corona, California asked relentlessly why there was no class on practical, financial math they could use outside of classroom. She decided to change things for the better and built a math class from the ground up that would provide her students with those "real-life" skills. She clearly built something the students love? Since the program’s inception just two years ago, she has increased the number of students in her program from...

Top 10 Posts on NGPF Blog for 2017-18 School Year

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Jul 05, 2018
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Current Events, Behavioral Finance, Index Funds, Cryptocurrencies, Investing, Budgeting
The NGPF Blog provides educators with two posts daily during the school year, including an engaging question of the day. Teachers rely on the daily Question of the Day as a great conversation starter and appreciate that it engages all students since it requires no prior knowledge. In addition, the blog provides a great way to note trends in personal finance, highlight high quality resources and share ideas from our teacher community. With the school year ended, we wanted to highlight the most...

Cartoons: A (Not So) Humorous Look at Student Loans

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Jul 04, 2018
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Paying for College, Cartoons, Student Loans
They say there is a little truth in all humor... Questions: What is the consistent theme running through all the comics? How do you think student debt is affecting borrowers post-college lives? Do a Google search to research online if there is evidence that student loans impact: Relationships Big-ticket purchases (e.g., auto loans) Living arrangements (independent vs. living at home) What are strategies you can use to prevent student loans from having such a dramatic impact on your life...

Investing links that have caught my attention recently

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Jul 03, 2018
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Investing, Behavioral Finance
I've been catching up on my summer reading recently. Here are a few investing posts from the blogosphere that caught my attention (thanks to Abnormal Returns for your curating skills!): Solin's Simple Rules. What would be your four rules for investing? Follow these four rules and you will be better off than 98% of the investing public. Flashback to Bill Bernstein's insight about investing: It's simple but not easy.  What's the most important number in financial planning? Asset...

What I'm Reading This Weekend (June 30-July 1)

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Jun 29, 2018
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Personal Finance, Economics, Student Loans, Current Events, Taxes, Credit Cards, Credit Scores
Economics Here is an interesting, though depressing look at the employment trends and lack of upward mobility among workers in the lowest quartile. The markets seem to be taking the impending trade war seriously this week. Student Loans Student debt forgiveness is good news. The bad news? Forgiveness comes with a tax bill. Employers offering help repaying student loans to attract workers in a tight labor market. Personal Finance Taxes: Have you heard about the post card sized 1040? Here is...

NGPF Podcast: Tim Talks to JL Collins About Financial Independence and Investing

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Jun 29, 2018
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Podcasts, Index Funds, Investing, Budgeting, Behavioral Finance
It started out innocently enough...he wanted to write letters of financial advice to his daughter. J.L. Collins never imagined that his blog would become a favorite source for the financial independence movement. His knack for storytelling and simplifying complex topics has boosted his blog popularity to over two million pageviews per year and convinced him to write a book, The Simple Path to Wealth. Hear how this proponent of index investing (his Stock Series is a must read for those who...

Financial Education According to Danielle

Jun 27, 2018
I remember the good old days when my mother would take me grocery shopping, unbeknownst to me at the time that she was actually instilling budgeting skills. When we would get up to the cash register, sometimes the cashier would ask if she’d like to round up her purchase to the nearest dollar and donate to charity. She’d always say yes, and as the curious kid that I was, I’d always ask why she did. My mom explained, “I may not be giving a whole dollar, but cents add up!...

Podcast Review: The Indicator from Planet Money

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Jun 26, 2018
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Podcasts, Employment, Investing, Professional Development
I had an hour long drive and wanted to try a new podcast: The Indicator. Here's what I liked about it: Duration: It's short at 10 minutes  Topical: Lots of content that would interest a personal finance teacher Format: The two podcasters (Stacey Vanek Smith and Cardiff Garcia) have great rapport and make it entertaining. I also like the data that they share to buttress their key points. It will help me come up with good Questions of Day.  Frequency: it's daily so you have lots of...

Digging Deeper: Retirement’s Difficult Choices (Part 2)

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Jun 25, 2018
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Retirement, Insurance
Planning for Health Care Expenses High on my retirement planning “to do” list has been to make a call on whether or not to get long-term care insurance. I have been procrastinating mightily on this one. So when I read an article outlining a new model for assessing health care costs in retirement (long-term care insurance is part of this equation) put together for Vanguard by Mercer Health Benefits, it pushed the issue back onto my regular “to do” list. Time is money,...

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

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Jun 24, 2018
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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...