Category: Article

The Retirement Conundrum: How Can I Engage My Students In Such An Important Topic?

|
Dec 13, 2017
|
Index Funds, Investing, Retirement, Activities, Article, WebQuest
Ok, I know that retirement is a long way off for your students, which makes it difficult to engage them on the topic. What if the focus instead was on the actions that you students can take in their 20s to set themselves up well for that period far off into the future?  Here's a Washington Post article that lists five actions that 20-somethings can take to get a jumpstart on their "nest egg." Well, it turns out we have an NGPF resource recommendation for each of their tips. Thanks to...

Adventures in Personal Finance: Vacationing on a Budget!

|
Dec 12, 2017
|
Article, Personal Finance, Budgeting
My partner and I were living in New York City. At the time, I was a Physics Teacher/Basketball Coach, and he was a Dental School Student at NYU. Needless to say, what we had in personality we lacked in expendable finances. Both of us were living on a tight budget. Luckily in NYC, that means amazingly tasty burritos from incredible secret hole-in-the-wall restaurants, lots of dumplings, free outdoor showings of the opera at Lincoln Center, and $10 comedy where you catch a celebrity now and then....

Investing Reminder: Ignore the Noise of the Financial Press

|
Dec 07, 2017
|
Article, Investing, Behavioral Finance
  Great post here from the Irrelevant Investor that uses recent history to show poorly the financial press predicts near-term stock prices.  Here's how he opens: Could today have been a more obvious “sell the news event?” Of course it wasn’t obvious to me in the morning, and if we closed at the highs I wouldn’t be writing this, but come on. Could this have been any more obvious? The S&P 500 fell 1% from its highs, and closed down a...

What I'm Reading This Weekend

|
Dec 02, 2017
|
Current Events, Economics, Cryptocurrencies, Article, Interactive, Investing
I am going to try (note the word "try") to make this a regular weekly feature of the blog. The goal: a curated list of articles for your weekend reading that will pique your interest, increase your content knowledge and keep you abreast of trends in personal finance. Thanks to Beth Tallman for generating this first list! Interactive Interactive chart that from St. Louis Federal Reserve showing subprime population at county level. Great discussion starter about economic trends in your local...

Does this look like a bubble to you?

|
Nov 28, 2017
|
Behavioral Finance, Article, Cryptocurrencies
Headlines on MarketWatch this evening: ----------------- What are the signs I see? Meteoric increase in value without a great explanation for what's driving it Crazy predictions: I remember Dow 40,000 predictions at the peak of insanity around 2000. Well, now we have Bitcoin 40,000! Sober and experienced market observers saying "stay away."  Mushrooming number of funds to invest in the asset class of cryptocurrencies (which may actually keep the bubble inflating as they bid up the assets)...

Article: How Machine Learning Protects Your Credit Card Transactions

|
Nov 27, 2017
|
Article, Credit Cards, Identity Theft
How many of you have noticed those texts coming from your credit card companies to verify that a recent transaction is a valid one. Maybe, you were buying an item at a store you hadn't shopped at before or you traveled out of the state (or out of the country). Have you ever wondered how those machine learning algorithms are working in the background to help prevent credit card fraud. Wonder no more! Here's an explanation on how the fraud detection takes place (From The Week): A machine learning...

What I'm Reading This Holiday Week

|
Nov 21, 2017
|
Article, Investing, Chart of the Week
Hat tip to Abnormal Returns, Big Picture Blog and Visual Capitalist which provide a great curated list to start with: David Swenson is nervous (Bloomberg): The legendary Yale endowment manager is nervous about something. Read the article to find out what is keeping him up at night.  Looking for a simple productivity hack (Thrive Global)? Hint: It has something to do with your smartphone! I can never get enough of Jonathan Clements (on our podcast here and here). Here's his thoughts on the...

Article: The Dead Man Fund

|
Nov 17, 2017
|
Investing, Article, Mutual Funds, Savings, Stocks
This 7 minute article that appeared in Longreads hooked me in the first paragraph:  In 1989, Morningstar, Inc., an advisory service, issued a strongly worded and unusual recommendation to its clients who had placed money with a firm then called the Steadman Funds (later known as the Ameritor Funds). “We urge you to cut your losses and get out,” Morningstar counseled. Doubtless, some investors heeded this advice. Many couldn’t, though, because they were dead. I wanted to...

Financial Education Explained by Danielle: The Cost of Trust

|
Nov 14, 2017
|
Financial Scams, Budgeting, Payment Types, Article, Personal Finance, Savings
Last week, one of my friends experienced a financial pitfall that most of us only ever hear about and hope to avoid. For the past five months, my friend's monthly rent money was not making it to their landlord because their roommate had been pocketing it. To give some context: most landlords require a single rent check for each unit that they own. To achieve this in a multiple person apartment, one roommate—typically the original or most responsible tenant—usually inherits the...

Financial Education Explained by Danielle: Why Garage Sales are Great!

|
Nov 03, 2017
|
Article, Entrepreneurship, Activity, 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,...

Article: Psychology of Online Shopping

|
Nov 02, 2017
|
Behavioral Finance, Article, Purchase Decisions, Research
Insightful NY Times article about the psychology of online shopping and the multitude of ways it can trip us up from paying too much for items, to feeling regret to not making a decision at all. I've put each observation in the form of a question so you get the discussion going with your students about their experiences with online shopping:  How do those targeted ads make you feel after you make an online purchase? "Over the next week I was hounded by online ads for the same...

PAYBACK Rocks University of Maine (my Alma Mater)

|
Oct 26, 2017
|
Article, Career, Paying for College
This was my first time returning to the University of Maine since I graduated this past May, and things felt different. There were fresh, new faces that I didn’t recognize from my years in college, and my backpack was full of material from my job instead of binders full of homework and textbooks. I went into the presentation confident, coupled with a healthy dose of timidness. I had only ever presented in front of high school students and my peers in classes, but this time, at the age of...

Financially Underserved Communities Deserve Better: Here's Why

|
Oct 20, 2017
|
Article, Personal Finance, Financial Literacy, Current Events, Advocacy, Webinar
Just as food deserts unfortunately exist in abundance, so do bank deserts. The reality today is that so many Americans who live and work in financially underserved communities don’t have the time to go to the bank outside of their community because of their irregular work schedule. This issue cannot be ignored, as FDIC research has recently found that 67 million adults are unbanked, and this disadvantaged population has spent $141 billion in fees and interest rates in non-bank alternatives...

Financial Education Explained by Danielle: My First Job

|
Oct 19, 2017
|
Article, Employment, Career
Following my junior year in high school, I was looking to add to my extracurriculars since I knew my summer vacation would mainly involve going out with friends, spending time with family, and honing in on my tennis skills. As my parents didn’t want me working during the school year—they saw it as a distraction from my studies—I took it upon myself to apply to jobs to get some "real-world" experience. Personally, I believe that every young person should get a job while...

Question: How much free financial aid is lost to families who do not file the FAFSA?

|
Oct 18, 2017
|
Paying for College, Student Loans, Article, Question of the Day
Answer: $2.3 billion The confluence of FAFSA season upon us (you could file beginning on October 1st) and our team working on an upcoming Question of the Day release is what led to the question that is the subject of this post.  From Quartz:  The US government awards federal, state, and institutional money every year to students who fill out the Free Application for Federal Student Aid (FAFSA) and meet certain household-income qualifications. But if students don’t...

Search The Blog

Categories