Jul 12, 2018
Investing, Activity, Stocks, Behavioral Finance
How can we teach students about the stock market when they have no investing experience?
I listened to this Masters of Business podcast with Barry Ritholtz interviewing investor and author Joel Greenblatt and picked up a few good ideas. Joel is not only a practitioner (a very successful hedge fund manager) but also an educator having spent the last 20+ years as a professor at Columbia Business School. Joel described the challenges of describing the stock market to a group of 9th graders at...
Apr 29, 2018
Budgeting, Article, Research, Activity
Update (May 6, 2018): MoviePass changed policy again...From Lifehacker:
MoviePass’s original “see one movie a day, every day” sort-of-unlimited subscription is back for $10. On top of that, the company’s CEO said they plan on keeping it around this time.
Over the last few weeks, MoviePass has sent some mixed signals to both potential future customers as well as current subscribers. For a while, they only offered a package deal that capped out at four movies a month, plus...
Apr 18, 2018
Just One Resource, Math, Activity
In this new weekly blog post, Jessica will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] ANALYZE: Understanding Amortization
The Gist: Young Janet decides to treat herself to 6 weeks of South American travel before starting her first post-college job, and she's going to finance the trip using a $3500 personal loan. Her credit...
Apr 17, 2018
Financial Scams, Activities, Article, Activity, Behavioral Finance
A great article from Of Dollars and Data that highlights six of the "tried and true" methods that make us susceptible to financial trickery or just plain bad decisions. On the subject of trickery, be sure to check out NGPF's release of SIX NEW Financial Pitfalls Projects that will increase your student's savviness.
So what are the six ways of influence described in the article (with the tag lines he provides):
Authority: Trust me I'm an expert.
Commitment and consistency: Just say...
Apr 12, 2018
Activities, Financial Scams, Policy, Activity
If they won't regulate, we better educate.
Listening to Planet Money podcast (20 minutes) last week about an online lender, Golden Valley Loan, Inc. It was being sued by CFPB for "unfair, deceptive and abusive business practices." Under new CFPB leadership, the lawsuit has been dropped.
So, I went to Golden Valley's website to read the fine print of their short-term, high interest loans to see if I could find the "gotchas."
What a beautiful website...
Here's how they...
Apr 04, 2018
Insurance, Activities, Activity, Budgeting
While on the subject of insurance, thank you to Brian Page for sharing his two-part activity to teach students about renters insurance. Once students choose their policy option they get one of those unwelcome surprises where they get to immediately apply what they have learned.
Here are links to Part I and Part II of the activity.
Renters Insurance has never seemed so exciting, so just remember, stay calm...
Handout: Renters Insurance
Part I (20 minutes):...
Mar 21, 2018
Personal Finance, Stocks, Paying for College, Current Events, Career, Activity, Activities, Interactive, Employment
FINAL RESULTS Midnight Thursday
Uber Driver advances to the next round with a convincing win scoring 62 vs. Five Stocks 43
Earnings by Major upsets Online Tools and Apps by a score of 56-48
Update 12 noon Thursday
Uber Driver continues to maintain its lead over Five Stocks at 59-41 (actual vote totals)
Earnings by Major has expanded its lead to vs. Online Tools and Apps with the score of 54-46 (actual vote totals). Where's the social media support for Online Tools and Apps?...
Jan 01, 2018
Interactive, Activity, Identity Theft, Behavioral Finance, Paying for College, Cryptocurrencies, Career, Current Events
Happy New Year from the NGPF team!
With the new year upon us, it must be time for the Top 10 NGPF Blog posts for 2017. The NGPF Blog not only provides a daily Question of the Day for the entire school year but also gives you a weekly reading list to keep abreast of trends in personal finance and activity ideas based on current events. These are just a few examples of the smorgasbord available for the information hungry personal finance educator on the NGPF Blog. Subscribe by going to the blog...
Dec 20, 2017
Schools In News, Audio Resource, Activity, Current Events, Featured Teachers, Financial Literacy, Professional Development, This Week In Financial Literacy
Grading U.S. states on teaching financial literacy: Some earn A’s, while others flunk (The Washington Post)
The third report card of the Center for Financial Literacy at Champlain College highlights the mixed record around the country — including in the D.C. region, where the District earned an F, while Virginia aced it and Maryland received a B. (See all grades below.) The grades are only a slight improvement from those given in 2015, when 24 percent of states and the...
Dec 05, 2017
Taxes, Current Events, Activity
How to make taxes exciting...hmm. That's a challenge! How about getting students to make predictions on the competing tax plans put forth by the House and Senate and predict where the final tax legislation will land?
First a little background. On late Saturday morning, the Senate passed a tax plan that now needs to be reconciled with the House plan that was passed a few weeks back. While many are confident that ultimately a bill will get to the President's desk to be signed before...
Nov 03, 2017
Article, Activity, Entrepreneurship, Personal Finance
When my family moved to a smaller house in a new city, my parents knew they would have to relinquish some possessions they either didn’t need any longer or ones that took up too much space. They decided to sell some of their old belongings so that we’d have a lighter load when we made the move. To do this, they had a garage sale, and, lo and behold, I was introduced to the world of the re-use economy.
Our loss was someone else’s gain on the day of the garage sale. Parents,...
Oct 20, 2017
Interactive, Activities, Activity
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...
Oct 18, 2017
NGPF Fellows, Activity, Advocacy, Financial Literacy, Teaching Strategies
Thanks to Julie Giglia, an NGPF Fellow and Business/Technology teacher at Whitman-Hanson Regional High School for this blog post. Julie strives to use technology in the classroom to enhance learning and make education innovative and fun for her students. Connect with her on Twitter @julegig or at firstname.lastname@example.org.
In six months, April 2018, it will be National Financial Literacy month and one thing schools can do is host a Credit for Life Fair. The...
Oct 02, 2017
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....
Sep 19, 2017
Investing, Activity, Activities, Article, Stocks, Index Funds
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...