About the Author
Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.
May 08, 2019
Investing, Question of the Day, Stocks
Answer: Nike, by a long shot!
Nike closed the trading day on May 1 at $85.27, up $35.77 on June 1, 2014, for an average annualized return of 19.35%. Under Armour, on the other hand, closed the trading day on May 1 at $22.82, DOWN from its price of $29.75 five years earlier for an average annualized loss of over 2%.
Here's the chart:
What factors do you think contribute to the very different market performance of these companies?
Which products do you personally prefer?...
May 03, 2019
Economics, Paying for College, Insurance, Investing, Retirement, Current Events
The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured.
A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.
Paying for college
Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ)
Apr 29, 2019
To answer the question above: Quite a bit.
Beth Tallman provides a detailed response to the question below with links to lots of great sources of information. Thank you for tackling this challenging topic Beth!
The Atlantic summed up the 2018 tax filing season pretty accurately with the title of their article on the subject in March: “Taxpayers are Very Confused. “ The CBS News article is similarly titled, “Americans shocked by impact of the new tax...
Apr 25, 2019
It's been over a month since 100 educators inspired us in San Francisco at the 2019 ChangeMaker Summit. We have just concluded our first set of post-conference conversations. Teacher have been busy in the last month fine-tuning their courses and advocating for more access to financial education at their school, district and state levels. They are truly making change happen!
Here are the contemporaneous impressions of the summit from Beth Tallman:
I was charged...
Apr 19, 2019
Financial Literacy, Career, Investing, Behavioral Finance, Payment Types, Retirement, Current Events
NGPF is in this list of quality free curriculum (and training) for personal finance teachers—no excuse for not being prepared!(Marketwatch)
Need some inspiration this weekend? Read this Marketwatch piece about Troy Murphy’s pursuit of spreading financial literacy. NGPF fellow Kerri Herrild’s Giving Project and Daniel LaSalle’s Philly Financial Cooperative are the beneficiaries of Troy’s work. Then listen to the podcasts Tim has done with all...
Apr 19, 2019
Investing, Podcasts, Stocks, Behavioral Finance
What follows is a summary of the Investing panel discussion held at the NGPF Summit in mid-March 2019 in San Francisco. The all-star panel included Bill Bernstein, financial theorist, neurologist, and financial adviser/author, and Jonathan Clements, WSJ columnist, author, educator and blogger at the HumbleDollar.com. Apologies for the inconsistent sound quality.
4:25~12:42 The stock market game’s traps
12:42~24:20 Importance of friends and...
Apr 12, 2019
Financial Literacy, Investing, Payment Types, Career, Cryptocurrencies, Current Events
Our second list of Financial Literacy Month includes some extra articles on the topic.
An interview with the CEO of Chase Consumer Banking highlights her passion for financial literacy. (NYT)
Annamaria Lusardi presents data/research on why financial literacy matters. (CNBC)
Along similar lines, the St. Louis Fed discusses what financial literacy is. (St. Louis Fed)
MarketWatch republished one of Jonathan Clement’s Humble Dollar posts with the 45 steps to having a...
Apr 08, 2019
Did you see last week's FinCap Friday on Disappearing Dollars?
Here is a bit more on the topic.
Earlier in March, Philadelphia Mayor Jim Kenney signed a bill into law that requires brick and mortar stores1 and restaurants to accept cash, becoming the first city in the US to ban cashless stores. New York, San Francisco, Chicago and Washington DC are all reportedly considering similar measures. The New Jersey legislature has passed a cashless ban also, and if the Governor signs it into law, New...
Apr 05, 2019
Financial Literacy, Current Events, Economics, Investing, Paying for College, Insurance
The list is a bit longer today--perhaps more good stuff is popping up during Financial Literacy Month. In any case, there should be something for everyone here!
Financial Literacy Month
CNBC to recognize Financial Literacy Month with special coverage all month.(CNBC)
This was today’s CNBC post, crediting you wonderful finlit warriors for helping your students avoid payday lenders!
How much financial education is enough? (Cincinnati.com)
What men can learn from the way...
Mar 29, 2019
Paying for College, Personal Finance, Advocacy, Current Events, Economics, Investing, Taxes
The value of Financial literacy is getting some traction ahead of financial literacy month. (WSJ)
Apparently the yield curve inverted last week and recession talk is on the rise. Here is a quick one on the subject from Forbes.
Here is a slightly meatier one on the inverted yield curve from SLATE.
New World (Retail) Order
Can Apple change TV/streaming? What will Apple morph into next? (Bloomberg)
Here is what Apple announced on Monday. (CNBC)
Can Amazon change grocery...
Mar 22, 2019
Financial Literacy, Credit Cards, Investing, Taxes, Economics, Identity Theft, Paying for College
We all know that April is Financial Literacy Month. Forbes will publish this piece on why financial wellness matters. Earlier this month, Forbes also published an article on how Financial Literacy keeps athletes from going broke. Keep the articles coming, Forbes!!!
April may be a good time for everyone to do a little financial health checkup. Here is a refresher on limiting potential impact of identity theft. (USA Today)
The Federal Reserve announced no...
Mar 15, 2019
Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading!
The story of the week has to be this one about the college entrance bribery. (WAPO) (Inside Higher Ed)
While we are on the subject, this next article highlights the class differences in the college experience as poor kids tell rich colleges what they are experiencing. (EdSurge)
And most people are surprised to learn how low the college completion rate is: (NPR)
Student Loan Hero surveyed 1000 people across all generations about their debt. One...
Mar 08, 2019
Personal Finance, Investing, Financial Literacy, Economics, Employment, Career
Interesting news here: Philadelphia just banned “cashless” stores. Will any other cities follow? This could spark an interesting discussion. The WSJ article includes graphical representation of who spends cash and when. (WSJ)(NPR)
This blog summarizes highlights from this month’s WSJ Journal Report on Investing in Funds and ETFs. One key article answers the top six questions about 529 plans. (WSJ)
More about Lyft’s IPO and how...
Mar 01, 2019
Personal Finance, Insurance, Investing, Economics
Michele Singletary at WAPO talks about the importance of getting kids to be financially literate and what parents can do to promote this. The article features JumpStart and checkmyschool.org.
Personal Finance on an Index Card: from Harold Pollack. (University of Chicago)
This one got lots of social media coverage: NFL player teaches finlit at an Ivy League School! (WSJ)
Some sound advice suggesting quarterly money reviews with your S.O. and how to conduct them....
Feb 26, 2019
Paying for College, Parent Conversations, Student Loans
In recognition of Financial Aid Awareness month, here is a collection of recent articles related to Financial Aid that may be relevant for your students, as well as links to tools and sites that might be helpful as well. Financial Aid Awareness month kicked off at NGPF with Tim’s interview podcast with Justin Draeger, CEO of the National Association of Student Financial Aid Admissions (NASFAA) on February 8. You might also want to have your students check out the Students,...