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

How Can I F.I.R.E. Up My Students About Retirement?

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Nov 26, 2018
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Retirement, Index Funds, Video Resource, Investing, Savings
Looking for ways to get your students thinking about retirement? Introduce them to the F.I.R.E. Movement! That is the Financial Independence Retire Early Movement. Why do I think this movement is important: It's a counter-narrative to our consumerist society by focusing on extreme savings. We read so many stories about maxed out credit cards, why not expose your students to tales of young people saving 60-70% of their income? It helps students understand the concept of passive income and...

Question of the Day: Compared to last Black Friday, did more people purchase at physical stores or online?

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Nov 25, 2018
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Question of the Day, Budgeting, Current Events
Answer: Online purchases grew by 23%; Sales at brick-and-mortar stores declined by 4-7% Questions: Did you do any shopping on Black Friday? If so, did you visit stores or shop online?  Why do you think that more people are making online purchases? Do you think this trend will increase or decrease over time?  Do you have a budget for holiday shopping this year? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....

Interactive Monday: How Do Home Values Compare to Incomes In Your County?

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Nov 25, 2018
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Interactive, Budgeting, Mortgages, Current Events, Research
Data visualization provides a county-by-county view on housing affordability. Here's the map of the U.S.: First, a little orientation. The map is color-coded based on the calculation of median home value divided by the median household income. As an example, here's Crook County, Wyoming:  The higher the ratio, the lower the housing affordability. In terms of the color-coding, blue is more affordable while orange-red is least affordable.  Questions: What housing affordability trends...

NGPF Podcast: Tim Talks to Aaron Standish About Implementing Financial Education In Palm Beach County School District

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Nov 23, 2018
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Podcasts, Policy
  In 2013, Florida passed a state law which required embedding personal finance into the Economics course. That was about the same time that Palm Beach County School District received a grant to implement a K-12 strategy for financial education. They plucked Aaron Standish from the classroom to lead this important effort. Aaron shares his insights on the keys to a successful implementation, how he supports and develops district educators and the criteria he uses to evaluate curriculum. In...

Question of the Day: Can you guess the company behind these logos?

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Nov 20, 2018
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Advertising, Question of the Day
Answer:  Starbucks MasterCard Coca-Cola Google Questions: How many times a day do you think you see company logos?  List all the places in a typical day that you are bombarded with advertising.  Why is it important for companies to have a logo that most people recognize? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. ------------------ Check out this NGPF activity which has your students analyze...

Infographic: How We Sleep, Eat and Exercise on Thanksgiving

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Nov 20, 2018
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Budgeting
Fun infographic to get you in that holiday frame of mind. Happy Thanksgiving from the team at NGPF! We are so thankful to partner with such a great set of educators!  Abby, Christian, Danielle, Greg, Jessica, Laura, Rita, Sonia, Tim, Yanely Click here to see more... Questions: What are your favorite activities on Thanksgiving Day?  Do you look for deals on Black Friday to get a head start on holiday shopping?     ...

Question of the Day: What percent of U.S./U.K. teens have donated their money to a cause they believe in?

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Nov 19, 2018
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Question of the Day, Generosity, Research
Answer: 32% Questions: Have you ever given money to a cause that you believe in? If so, why did you give to the organization?  Other than giving money, what are other ways that you can help charities? What social causes do you think are most popular with your peers? Do you think that community service requirements for high school students are a good idea? Why or why not?  Click here for the ready-to-go slides for this Question of the Day that you can use in...

Question of the Day: What's the cost of a Thanksgiving dinner for ten in 2018?

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Nov 18, 2018
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Budgeting, Question of the Day, Current Events, Research
Answer: $48.90 Questions: What has been the recent trend with the cost of a Thanksgiving dinner? On an inflation-adjusted basis?  What conclusion might you draw from this chart about food inflation over the past five years?  What are you thankful for this Thanksgiving season?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Farm Bureau): The American Farm Bureau Federation’s...

NGPF Podcast: Tim Talks to Brookings Institution's Matt Kasman About the State of Financial Education

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Nov 16, 2018
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Podcasts, Policy, Current Events
We have seen some recent progress in states increasing access to financial education. In some cases, we see legislation at the state level (top-down) and in other situations, it is grassroots efforts at the school or district level (bottom-up). Tim talks to the Brookings Institution's Matt Kasman, who is out with a new research report that makes an important contribution to the existing literature on state-level efforts to improve financial education. Matt shares the results of his study as...

FinCap Friday: Gratitude is the Right Attitude

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Nov 15, 2018
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Generosity, FinCap Fridays, Current Events
With Thanksgiving right around the corner, we thought it apropos to focus on giving thanks in this FinCap Friday: Gratitude Is The Right Attitude:  --------- Be sure to check out more FinCap Fridays here. ...

What has larger sales when they launch: blockbuster movies or video games?

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Nov 14, 2018
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Budgeting, Question of the Day, Current Events
Answer: Video games  Questions: Are you more likely to pay for a new video game or to see a new movie? Why? Do you think of movies and video game purchases as wants or needs? Explain. What makes blockbuster video games popular? Blockbuster movies? How do you know when something is popular?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Statista) Red Dead Redemption 2, one of...

10 Money Milestones For Parents Who Want to Teach Their Kids About Money

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Nov 14, 2018
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Parent Conversations, Credit Cards, Paying for College, Career, Checking Accounts, Stocks
I often hear this question from friends and family, "How can I teach my kids about money?" While we developed our website and resources with a classroom teacher in mind, they work well at home too. I think milestones present great opportunities for this learning to take place between parent/guardian and child.  Here are ten money milestones in the life of a teenager with a link to a favorite NGPF resource (or two) that can help kids "learn by doing."  Opening a bank account Fine...

Top 10 Next Gen Personal Finance Games & Interactives

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Nov 14, 2018
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Interactive
Thanksgiving break is nearly upon us...the students are getting restless...no better time to unleash the NGPF Interactive Library on them! Here are the ten most popular NGPF Games [& Interactives), ranked by teacher clicks over the past month: #10: How Do You Manage Your Time? (Podio) #9: What's A Millennial? (Goldman Sachs) #8: Is It Better To Rent or Own? (NY Times) #7: It Costs What?!* (PBS) #6:  Win the PowerBall! (LA Times) #5: Compounding Cat Insanity (McKinney) #4:...

Question of Day: What are the odds of someone with a college degree becoming a millionaire?

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Nov 13, 2018
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Personal Finance, Question of the Day
Hat tip to Derek D'Angelo, President of Michigan Council on Economic Education, for this Question of the Day idea! Answer: 1 in 6, which is 4X greater than the odd of a high school graduate becoming one.  Questions: What does the chart tell you about the relationship between education and earnings?  Why do you think that someone with a college degree is 4X more likely than a high school graduate to be a millionaire?  Do you think you can be a millionaire? What is your plan to...

Question of the Day: Over a recent 15 year period, what percent of professionals investing in large companies "beat the market?"

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Nov 12, 2018
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Investing, Behavioral Finance, Index Funds, Mutual Funds
Answer: Only 8% (All Large Cap Funds vs. the benchmark S&P 500) Questions: Why do you think professionals struggle to "beat the market?" Why do you think investors continue to invest their money with professionals despite their record of not being able to "beat the market?" Your friend says "you are better off investing with professionals instead of buying a simple index fund (e.g., S&P 500) that matches the market return." Do you agree or disagree based on the data above?  Click...