About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

Author: Tim Ranzetta

NGPF Podcast: Zach Blattner on Best Practices for Teaching Remotely (Speaker Series)

|
Sep 25, 2020
|
Podcasts, Teaching Remotely, Professional Development
Zach Blattner of Relay Graduate School of Education is back again (earlier podcast here is among most popular NGPF podcasts) with tips and techniques on the craft of teaching remotely. From building relationships to structuring breakout rooms to figuring out the right pacing, Zach's insights will give you the confidence to tackle the challenges of this school year. Enjoy! Details: 0:00~1:20 Introduction 1:20~6:21 Zach’s background and expertise teaching online 6:21~8:44 Building...

Question of the Day: Which offer would make you more likely to buy a $50 pair of jeans: $10 off or 20% discount?

|
Sep 23, 2020
|
Question of the Day, Behavioral Finance
Answer: 20% discount  Questions:  How do most retailers choose to reduce the cost of items: dollars saved or percentage discount?  For the example given with this question, which of the two offers for the $50 jeans, $10 off or 20% discount, yields the largest amount of savings? Why do you think consumers are driven to the biggest number?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Visual Capitalist...

Question of the Day: What five factors are most important in determining car insurance rates?

|
Sep 20, 2020
|
Question of the Day, Insurance
Answer:  Age Driving history Credit Score Years of driving experience Location Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Questions: Why is age considered such an important factor by auto insurers? Do you think auto insurer rates are higher for a 50 year old or a teenager? Why?  Which of these five factors work in your favor as a teenager?  Behind the numbers (The Zebra): Age is a very significant rating factor, especially...

NGPF Podcast: Jenny Nicholson of McKinney on creating award-winning NGPF Arcade Games

|
Sep 18, 2020
|
Podcasts, Behavioral Finance, Ethics, Teaching Strategies
If you have ever enjoyed games in the NGPF Arcade, you experienced the creative genius of Jenny Nicholson and her amazing team at McKinney. The NGPF-McKinney partnership is now going on 3 years and the games created have delighted millions of high school students. So sit back and get the "inside scoop" on Jenny's creative process, what she hopes to achieve through these games and the engagement tactics she and the game designers use to "hook" the students. You might also learn about the new...

Question of the Day: How many of the top 10 best used cars under $5,000 can you name?

|
Sep 15, 2020
|
Purchase Decisions, Question of the Day
Note: This question was updated on 9/16/20.  Answer: Questions: How important is safety when it comes to the car you drive/expect to drive?  Would you purchase a less safe car if it cost $5,000 less than the higher safety car you were considering? Explain your answer.  What are the other factors that you will consider when buying your first used or new car? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

Question of the Day: The federal government mailed out $1,200 stimulus checks this spring. Rank order from highest to lowest how people used the stimulus: Purchased stuff, paid down debt or saved it?

|
Sep 13, 2020
|
Question of the Day, Budgeting
Answer: 41% of stimulus checks went to purchase stuff, 31% to repay debts and 27% was saved Using data from a recent survey of 12,000 Americans conducted by Nielsen, a market-research firm, the authors found that just 42% of the money was spent. Another 27% was saved. The remaining 31% was used to repay debts. https://www.economist.com/graphic-detail/2020/09/02/how-did-americans-use-their-coronavirus-stimulus-cheques Questions: What do you notice about the relationship between household income...

NGPF Podcast: The Math Summer Team Introduces the Math Collection

|
Sep 11, 2020
|
Podcasts
On this special edition podcast, NGPF Team Member Abby Alcala and NGPF Fellow Tara Kelley (Harwood Union High School) introduce NGPF's new Math Collection. Abby and Tara discuss what they wanted to accomplish with the Math Collection, what teachers can expect from it, and the creative process behind the scenes in order to produce this great resource. (Huge shout out goes out to the entire Math Summer Team, which consists of Abby Alcala, Tara Kelley and JaRhondaLynn Cameron!) Details:...

NGPF Podcast: Morgan Housel discusses his new book "The Psychology of Money"

|
Sep 11, 2020
|
Podcasts, Behavioral Finance, Investing, Index Funds
Morgan Housel is back for an encore performance on the NGPF Podcast to talk about his new book, The Psychology of Money. Morgan has that rare talent of making financial lessons memorable through incredible storytelling that weaves in history, psychology, sociology and even medicine. In fact, his book is a compilation of 19 of his favorite stories. Listen to this podcast and learn about his creative process, his favorite stories and the money lessons they teach and COVID-19's long-term impact on...

Question of the Day: At what age did most parents/guardians teach or plan to teach their children about personal finance?

|
Sep 09, 2020
|
Personal Finance, Question of the Day
Answer: Between the ages of 5-10 years old Questions: Have you had conversations with your parents/guardians about money?  If yes, what have you discussed?  What can make these conversations easy or difficult to have? Do you plan to discuss what you are learning in this course with a parent or guardian?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Marketplace recently had a feature with advice on...

Question of the Day: What percent of consumers will only shop at stores that offer a contactlesss ("tap to pay") payment option?

|
Sep 07, 2020
|
Question of the Day, Payment Types
Answer: 52% Questions: Would you only shop at stores that offer a contactless payment option?  After COVID-19, do you think your payment behaviors will change and you will be more comfortable with cash and credit/debit card readers?  What are some concerns you might have about a cashless society?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.  Behind the numbers (VISA study):  Your money or...

NGPF Podcast: NY Times Columnist Ron Lieber on his upcoming book, The Price You Pay for College

|
Sep 04, 2020
|
Podcasts, Paying for College, Student Loans
We welcomed the NY Times columnist Ron Lieber to the NGPF Speaker Series on August 28, 2020 to share details about his forthcoming book (expected Jan. 2021), The Price You Pay for College. In this conversation, Ron describes the reasons students go to college and what factors determine the price that students and their families pay for it. You will learn about valuable online tools and resources to help you answer that all important question too. Finally, he shares his perspective on the impact...

Question of the Day: In recent FINRA survey, 30% of investors made _______ stock trades in a 12 month period.

|
Sep 01, 2020
|
Question of the Day, Investing
Answer: ZERO. Questions: Why do you think these investors made no trades in a year? Do you think that's a positive or a negative for investors?  Would it surprise you that researchers have found that the more investors trade stocks the more likely they are to lose money?  Why do you think men, on average, trade more frequently than women?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (FINRA survey):...

Which grocery store food group saw largest increase in prices in last 12 months: Beef, Fruits/Vegetables or Beverages (non-alcoholic)?

|
Aug 30, 2020
|
Budgeting, Question of the Day
Answer: Beef rose by 14.2% in last 12 months Non-alcoholic beverages rose by 5.0% Fruits and vegetables rose by 2.3% Questions: What may be causing beef prices to rise so sharply? (Hint: think supply/demand) Do you think that families adjust their food budgets when prices for a specific food group increases so much?  If you were managing a restaurant that sold hamburgers, what decision would you make regarding the price that you charge customers for your burgers?  Click here for...

NGPF Podcast: Lexington High School (MA) students Vidula and Angie on advocating for financial education

|
Aug 28, 2020
|
Podcasts, Advocacy
Student voice is critical when it comes to increasing access to financial education. Angie Leung and Vidula Mannem share their advocacy journey in this NGPF podcast. Their focus is on ensuring that any financial education must include behavioral finance since knowledge is not enough when it comes to money. Enjoy!  Details: 0:00~2:00 Introduction 2:00~3:36 Vidula’s experience with money and her school’s Economic and Finance Club 3:36~5:23 How Angie learned about personal...

Question of the Day: What was the percentage increase in e-commerce retail sales in the April - June quarter compared to 2019?

|
Aug 25, 2020
|
Question of the Day, Purchase Decisions, Behavioral Finance
Answer: 45% Questions: Are you/your family purchasing more online than you did last year?  What items are you purchasing online vs. purchasing in-store?  Do you think your purchasing behavior (online vs. in-store) will change post-coronavirus?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Axios):  The big picture: Stuck at home for weeks on end, we turned to the internet and delivery to meet our...