Jun 11, 2018
Advocacy, Personal Finance, Math, Article
Last month, Edsource and The National Council for Teachers in Mathematics (NCTM) published an article making the case that high school math instruction needs an overhaul.
In the piece, the NCTM calls for math course offerings that allow students to be “prepared to use math to understand the world around them and [have] an appreciation for the important role math plays in society.”
NCTM President Matt Larson goes on, “we hope students will come to understand the beauty...
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 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 01, 2018
Behavioral Finance, Article, Research
Looking to change a bad habit? Aren't we all? Then you better know about Ironic Process Theory. Say what? Here's how the Sketch Guy, Carl Richards, of NY Times describes it:
The harder people try not to think of something, the more they end up thinking about it. Ironic, no?
Maybe it's that chocolate cake for dessert, those wasted minutes (that become hours) surfing social media for friend updates or the $4 coffee habit. These habits become ingrained and when that thought (mmm...cake) pops into...
Mar 15, 2018
Insurance, Current Events, Article
What’s New with Insurance
One college has an innovative way to get students interested in insurance. Butler University has a student-run insurance company. What a way to learn about risk and evaluate costs!
You Can Insure That?
Do you know when to buy or decline rental car insurance?
Editor’s Note: I declined, had a deer wreck our rental and discovered after a few anxious hours that my auto insurance policy covered rentals. Phew!
Should you buy travel insurance?
Mar 09, 2018
Article, Investing, Personal Finance
Beth makes it difficult every week to cut down her curated list of articles that help teachers stay abreast of the financial world. I try and slim down to the top 10 but it gets more difficult every week. So, here's 15:)
Reading list week 18-10
High School and Beyond
Nicholas Wyman of Forbes makes a case for bringing back vocational training to better serve the 30+% of high school students who do not pursue and advanced degree.
How about becoming a bricklayer? The NYT Upshot discusses the...
Mar 04, 2018
Investing, Research, Current Events, Article, Behavioral Finance, Index Funds
The Oracle of Omaha is out again with Berkshire Hathaway's (his holding company) Annual Letter to Shareholders. It has become a must read for all investors as it is full of that common sense wisdom that Warren has become known for. I have purposely not read any of the commentary in hopes of completing the task with a fresh set of eyes. Here's some of the key investment insights from these 16 pages:
Why acquisitions (when one company buys another) often don't work out as planned and...
Mar 02, 2018
Article, Investing, Taxes, Budgeting, Behavioral Finance
Personal (mostly financial) news you can use:
Getting ready for tax season, what makes you more likely to be audited by the IRS?
Next time you pick up a prescription at the drug store, maybe you should ask what the cash price would be. (Pharmacists can’t volunteer that information.)
Anyone living in Ohio? Watch for a ballot initiative in November for payday lending reform. The issue is important for all to understand.
It can’t hurt to include some good advice...
Feb 23, 2018
Article, Student Loans, Investing
The Federal Reserve has raised interest rates five times in the past few years but "brick and mortar" banks haven't followed suit when it comes to savings accounts for depositors. The Economist explains the reasons why.
Podcast of the Week
What is it like to be ultra-wealthy? Listen to this podcast and find out, What is it like to be rich (Hidden Brain)?
Higher Ed – Student Loans
Looks like colleges and universities are falling into two distinct...
Feb 12, 2018
Question of the Day, Credit Scores, Credit Reports, Identity Theft, Credit Cards, Article
Why do you think that this happens (ID theft) so frequently to minors?
What would you do if you found out that someone was using your Social Security number to open accounts?
How can you check to make sure this hasn't happened to you?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from Buzzfeed, great article that your students will enjoy since it describes...
Feb 12, 2018
Current Events, Budgeting, Article, Video Resource, Purchase Decisions
Does Collaborative Consumption make everyone better off?
This growing segment of our economy goes by many names: the sharing economy, collaborative consumption, the “gig” economy to name a few. We are talking about a vast array of goods and services where the matching of supply and demand occurs via the internet, with the help of technology (smartphones) and some computer application. [Editor's note: The "gig" economy has also changed the nature of work and the concept of...
Jan 29, 2018
Paying for College, Article, Research
Did your roommate get a better deal than you did?
Ron Lieber, who writes the Your Money column of the New York Times, returned to the topic of college costs for the third time in less than a year. Why It’s So Hard To Calculate What You’ll Pay For College takes a closer look at how four highly selective institutions in Massachusetts deal with merit aid (read discounting). Yes, there is a shadow financial aid system known as “merit aid,” which is a form of...
Jan 26, 2018
Current Events, Purchase Decisions, Generosity, Behavioral Finance, Investing, Article, Index Funds, Research
Thanks to Beth for curating another great set of articles to make us smarter about personal finance. Enjoy!
Personal Finance/Financial Capability
NYT Your Money Advisor Anna Carrns filed this report summarizing the 2017 Financial Report Card from John Pelletier at Champlain College’s Center for Financial Literacy. Are you from one of the five states that received an A: Alabama, Missouri, Tennessee, Utah and Virginia? It was reassuring to see that NextGen Personal Finance was...
Jan 24, 2018
Paying for College, Research, Article, Advocacy
Dual-enrollment classes are on the rise, providing high school students with yet another opportunity (besides AP test and IB courses) to get a taste of college courses. So what’s all the hype about? Interestingly enough, “the number of students under 18 taking college courses has skyrocketed… [it] went from under 300,000 in 1995 to over 1 million in 2015” (Marketplace). If this impressive statistic doesn’t pique your interest, then let me add,...
Jan 22, 2018
Article, Current Events, Employment, Career, Economics
One of the highest compliments paid to me by a former student was from a young woman in the first statistics class I ever taught (non-AP)….she said that she “would never read the newspaper the same way again.” It is through this lens that I would like to present some of the data behind the Walmart headlines last week. Walmart announced that it increase the minimum wage it pays to $11 per hour, and give some bonuses too, as a way of sharing some of the benefits it will...