Looking for Games to Engage Your Students? Check Out NGPF's Interactive Library (With Worksheets)!
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ENGAGE YOUR STUDENTS: TRY OUR NEW INTERACTIVE ACTIVITY WORKSHEETS!
Sometimes students need to experience content on their own to be truly interested and invested in the content you have covered in class! Using interactive charts, graphs, quizzes, and games helps students become active learners and provides opportunities for them to hone their analytical skills. NGPF has just...
Two NGPF Interns Took On the Payback Challenge: Here's How They Did!
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Oct 13, 2017
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Paying for College, Student Loans, Savings, Activities
Donnesh:
The first quality about this simulation that stands out is how it gives the user the opportunity to blend their real life choices and starting position, with hypotheticals, to know exactly how much future decisions will cost. I saw what my potential earnings would look like with the major I’ve applied for and saw how my GPA and school really affect how much debt I’ll need to withdraw.
I played this game 4 times to see how different choices led to different outcomes. ...
Don't Forget The Parents!
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Oct 10, 2017
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NGPF Fellows, Activities, Advocacy, Behavioral Finance, Featured Teachers, Lesson Idea, Teaching Strategies
A blog post from NGPF Fellow, Kerri Herrild:
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There are many reasons why I would not enjoy teaching elementary students. One is that I like it when students can blow their own noses, tie their own shoes and zip their own coats. Another reason is that I don’t have to worry about sending home cutesy newsletters and calendars peppered with ClipArt to parents. By the time students reach the high school, let’s be honest, we don’t communicate with parents very...
Can The Dow Jones Really Hit 1,000,000 in a Century? Will Warren Buffett's Prediction Come True?
A good math exercise (or spreadsheet activity) that also teaches students about a popular stock market index and the power of compounding.
It starts with a simple question: Do you think the Dow Jones Industrial Average will hit a 1,000,000 in one hundred years?
From MarketWatch:
Doubling, even tripling on that belief that U.S. stocks are the best long-term bet around, he tossed in a fairly bullish call. Buffett said he expects the Dow Jones Industrial Average to be ”over 1 million”...
Activity Idea: What Do You Wish You Knew About Money When You Were 18?
By Tim Ranzetta
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Oct 02, 2017
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Parent Conversations, Personal Finance, Activities, Activity, Current Events, Question of the Day
I am always looking for ways to engage students and their parents (and guardians or grandparents or older relatives) in conversations about money. This activity idea came from this article in FT (subscription) which was written by an intern and titled...yes, you guessed it, "What I Wish I Knew About Money When I Was 18." The intern asked reporters and other financial experts to share their sage advice.
Here's a sampling of what they said:
"Young people have to understand that they need skills....
Activity Idea: 36 Obvious Investing Truths
I am an avid reader of Ben Carlson's Blog A Wealth of Common Sense for a good reason; he takes this complex topic of investing which vexes many an educator and makes it accessible and simpler for all of us to understand. His recent post, 36 Obvious Investing Truths is a great example of this common sense approach to investing as he distills his years of experience into a set of "truths." Here are a few examples:
1. If you need to spend your money in a relatively short period of time it...
Credit Scores: An Article and Short Audio Clip to Supplement Your Lessons
These two resources (audio and an article) caught my attention over the past week as they provide different perspectives on credit scores. The 3 minute audio from Marketplace (below) describes the history of credit scores in the U.S. and how they have evolved over time while the NY Times provides a plain English Q&A on the topic.
Audio from Marketplace (3:28):
A credit score is the calculated probability of how likely you are to pay debts. But it affects where you live, what car you can buy...
What is Your Favorite NGPF Resource? We Asked 12 Educators at NGPF Summer Institute And...
By Tim Ranzetta
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Jul 17, 2017
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Activities, Credit Scores, Activity, Credit Cards, Investing, Stocks, Credit Reports, Generosity, Compound Interest
here is what they said. Day 1 of our July Summer Institute and we wanted to share with the community the top picks of these outstanding educators. But first, we asked them to explain a few things about this resource. Click on the link listed under Picture of Poster for educator answers to questions about their favorite resource, including:
Why is this your favorite?
What modifications (if any) did you make?
How did the resource work in your classroom?
What other feedback would you like to...
Question: How Are Consumers Looking To Improve Credit Scores?
By Tim Ranzetta
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Jul 17, 2017
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Credit Scores, Activity, Question of the Day, Current Events, Chart of the Week, Activities
A great bell ringer to see how many answers your students come up with before you reveal the answers (memories of the Family Feud).
From US News and World Report survey:
___________
Looking for an engaging credit score activity (#1 on Google when you search for “engaging credit score activity”)?
Here are our two favorites that work well together:
Estimating a FICO Score
Use an online FICO credit score estimator to compare the credit scores of three hypothetical college students...
NGPF FAVORITES: Our Best OFF TO COLLEGE Resources
By Tim Ranzetta
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Jul 07, 2017
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Activities, Credit Scores, Activity, Behavioral Finance, Career, Paying for College, Budgeting, Savings, Student Loans, Stocks, Current Events, Interactive
This month’s NGPF Favorites List comes from Sid Sharma – one of NGPF’s veteran “Power Interns” who has been with us for 3 years. Sadly, we will wish him well as he heads off to college this fall! We wanted Sid to reflect on his NGPF experience (he has literally “touched” every element in the NGPF curriculum) and highlight the resources that have enabled him to become the knowledgeable, action-oriented, process-innovator that he is today!...
Interactive: Auto Insurance Comparison Shopping
By Tim Ranzetta
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Jun 29, 2017
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Insurance, Activity, Research, Current Events, Activities, Parent Conversations, Interactive
Hat tip to Talitha Oliveri for pointing out this auto insurance comparison site (we had been looking for one like this for years that didn’t require setting up an account!!!). Your students are required to enter the following information, which will help them understand the factors that impact insurance rates, and they receive actual quotes from leading insurance companies:
Car information
Type of car
Leased vs. financed
Purpose of vehicle
Miles driven
Anti-theft device (yes/no)
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Tempted to Play The Powerball Lottery? Try These NGPF Resources To Encourage Student Reflection.
By Tim Ranzetta
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Jun 27, 2017
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Current Events, Activity, Behavioral Finance, Research, Purchase Decisions, Activities
I meant to post this earlier this month after the news of the $448 million Powerball Lottery winner from California:
There is at least one winning ticket for Saturday’s $447.8 million Powerball jackpot, and California Lottery has confirmed that it was purchased in Southern California. The ticket was sold in Sun City in Riverside County, according to the lottery. It is unclear if there are winning tickets in other states. The numbers drawn were 32, 26, 20, 38, 58. The Powerball was 3....
Are You On the Road To Adulthood? Take the Quiz and Find Out...
Hat tip to Jessica for pointing out this NY Times article about this concept that has recently (maybe I’m late at noticing) come into vogue, “adulting:”
Rachel Ginsberg is a clinical psychologist at the NewYork-Presbyterian Youth Anxiety Center, a research and clinical program that brings together experts from NewYork-Presbyterian Hospital, Columbia University Medical Center and Weill Cornell Medicine. She is part of its Launching Emerging Adults Program aimed at teenagers and...
NGPF Recognizes Outstanding Educators Dedicated to Building Financial Capability
As part of a Financial Literacy Month initiative, Next Gen Personal Finance (NGPF) partnered with DonorsChoose.org to bring engaging, easy-to-implement personal finance resources to classrooms across the nation (see links below for activities completed).
We would like to thank all of the educators who took part in this opportunity for bringing financial education to your students. As you can read here, these 1,200 educators delivered essential financial skills to over 26,000 students (in just 60...
What's the Cost Of Financial Ignorance For Young People? Or Why Personal Finance Should Be Required for Graduation!
By Tim Ranzetta
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Jun 12, 2017
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Checking Accounts, Activity, Question of the Day, Research, WebQuest, Current Events, Activities
Answer: $795 Million ANNUALLY in checking fees
You could buy 2 fidget spinners for EVERY American and still some money left over with that amount that young people pay in banking fees
Here were the two key takeaways based on recent research from NerdWallet (spoiler alert: It’s all about the overdraft fees):
The median bank overdraft fee in the U.S., including university-affiliated accounts, is $35 [3], and the average college student overdraws his or her account 2.2 times per year,...
