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

Savings QoD: How much (in billions of dollars) are Americans losing by keeping their money in low-interest savings accounts?

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Jun 04, 2019
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Savings, Question of the Day, Research, Behavioral Finance
Answer: $50 billion Questions: Why do you think Americans leave their money in low-interest savings accounts when they could earn more by switching banks?  Would your answer to the previous question change based on the amount of money you had in your savings account?  Online banks tend to have the highest interest rates on savings accounts. Would you trust your money with an online bank? Click here for the ready-to-go slides for this Question of the Day that you...

Chart of the Week: This chart tracks a dramatic trend in energy in the U.K. over the past seven years. Can you figure out the trend?

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Jun 04, 2019
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Chart of the Week
Courtesy of Morning Brew:  Answer: The % of coal-powered electricity used in the U.K. Black indicates over 50%, while the green means 0%.   ...

Introducing NGPF Academy: Diversify Your PD Portfolio

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Jun 03, 2019
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Professional Development
            NGPF Academy May 2019   NGPF Academy - Diversify Your PD Portfolio - In our work at NGPF, we see examples daily of the dedication and commitment of personal finance educators. In fact, when we ran the numbers for the past 12 months, you completed over 25,000 hours of professional development with NGPF. That's impressive!!!! Thank...

QoD: What age group has seen the greatest increase in credit scores since 2008: 18-21 year olds, 22-35 year olds or consumers 72 and older?

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Jun 03, 2019
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Credit Scores, Question of the Day, Research, Credit Reports
Answer: 18-21 year olds saw an increase of 23 points in the past decade.  Credit score changes since 2008 18-21 year olds: 23 point increase to 639 in 2018 22-35 year olds: 15 point increase to 644 72 and over: 40 point drop to 732 Questions: The CARD Act passed by Congress in 2009 reduced teen access to credit cards. What impact do you think this had on credit scores for 18-21 year olds since it passed?  What relationship do you see between age and credit scores? Why do you think...

QoD: Can you name ONE of the top five highest paying summer jobs for teens?

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Jun 02, 2019
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Question of the Day, Career, Employment
Answer:  5. Landscaper (est. $2,200/month) 4. Delivery driver (est. $2,300/month) 3. Dog walker (est. $2,500/month) 2. Golf caddy (est. $2,500/month) 1. Lifeguard (est. $2,800/month) Questions: Do you have a summer job? If so, how did you get it? How would you describe the local job market for teens for this summer? What are the most popular jobs for teens?   What do you think are the benefits of having a summer job? If you have a summer job, do you have a savings goal for the...

Interactive Monday: Access To Credit Cards, Auto Loans and Mortgages

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Jun 02, 2019
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Interactive, Credit Cards, Mortgages
Hat tip to Jessica for pointing out this cool interactive from the Federal Reserve which is part of their Credit Access series. We love these resources that have students interact with data. In this series, you will see trends on consumer applications for various types of loans, including auto, credit and home loans. It not only looks at historical data but also measures expectations about these various loan products and gauges financial fragility and the ability of survey respondents to come up...

NGPF Podcast: Alex Todd Describes His 10 Year Journey to Bring Financial Education to All Kentucky High School Students

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May 31, 2019
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Podcasts, Advocacy, Personal Finance
Alex Todd likes challenges. Whether that means building a financial education program from scratch at Elizabethtown High School in Kentucky or coaching the boy's basketball team to another winning season. His love of challenges and his passion for financial education created what many may have thought was an unattainable goal. That goal, to ensure that ALL high school students in Kentucky would take a personal finance course before leaving high school, became a personal quest. In this podcast,...

Reading List for May 31-June 2

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May 31, 2019
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Investing, Credit Cards, Behavioral Finance, Budgeting, Research, Retirement
From 403(b) plans to goal setting to digital decluttering and graduation advice...enjoy these weekend reads with your favorite cup of joe:  Thinking that annuity in your 403(b) is gouging you? You are probably right (from Barrons): "Teachers’ 403(b) plans are sold directly to individuals, rather than to employers, so the interest of the salesman was coming first. “Imagine you’re a kindergarten teacher and they’ve given you a 400-page prospectus about variable...

FinCap Friday: Campfire Tales

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May 30, 2019
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FinCap Fridays
This week's FinCap Friday takes a look at a news story that keeps surfacing every now and again. As rare as it may seem, a medical emergency is something that we should be prepared to handle. Many people don't plan ahead or think about how to protect themselves and their families until it's too late! Find out more about the medical emergency that was even scarier than most below:  If you prefer not to use the online Kahoot quiz, we've added a no-tech version here, with the questions...

QoD: What are top three reasons people want to go college?

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May 29, 2019
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Paying for College, Question of the Day
Questions: When thinking about your post-high school plans (which might include working or going off to college), what are the major reasons that you are choosing your path?  Do you think some of the reasons given are "better" than others? Which ones resonate most with you?  Do you think those who are surveyed would have a different answer about why they went to college twenty years after they graduated?  Here's the ready-to-go slides for this Question of the Day that you can...

QoD: In percentage terms, how many more items of clothing do people buy today compared to 15 years ago?

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May 28, 2019
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Question of the Day, Budgeting, Purchase Decisions
Answer: 60% Questions: Why do you think that young people are purchasing more clothing but keeping it for only half as long?  What impact do you think that social media has had on this trend?  How would you describe how your shopping habits when it comes to clothing?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Business of Fashion) This trend is partly driven by the young generation’s hunger for...

Chart of the Week: Counterfeit Brands Are A $300 Billion Business

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May 28, 2019
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Chart of the Week, Financial Scams
Click below for the full infographic: Questions: Have you ever bought a product online that you later found out was a counterfeit?  Based on the data in the infographic, are counterfeit products an issue that you should worry about? Provide at least two pieces of evidence. Are some products easier to fake than others? Which products do you need to be most suspicious about based on the data?  What are steps that you can take to ensure that you don't become a victim and purchase...

QoD: What is the top restaurant choice among teens?

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May 27, 2019
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Budgeting, Question of the Day, Purchase Decisions
Answer: Chick-fil-A Questions: What do you think makes a restaurant popular among teens? Name at least three factors.  What is your favorite restaurant?  Food is considered the number one spending priority for males and #2 for females. How much do you think YOU spend on food (snacks, drinks, meals) every month? How much of your monthly food spend would you call a "need" vs. a "want?" Here's the ready-to-go slides for this Question of the Day that you can use in your classroom....

Reading List for Memorial Day Weekend 2019

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May 24, 2019
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Generosity, Behavioral Finance, Personal Finance, Investing
Enjoy these Memorial Day weekend reads curated by Beth with a few additions from Tim:  NGPF Podcast guest, Morgan Housel, is at it again with a valuable piece on "Realistic Personal Finance Hacks." My favorite: "A finely tuned BS radar that screams “red alert” when promises of abnormal gains without abnormal sacrifice are offered." It's a time for advice to graduates, here's a few that caught my attention (interesting to see the overlap since they come from two very...

NGPF Podcast: Gene Natali, Author of the Missing Semester, Advocate for Financial Education For ALL Students

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May 24, 2019
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Podcasts, Investing, Advocacy
 Investment consultant to large institutions by day and author, educator and advocate by night aptly describes Gene Natali and the multiple hats he wears. I first met Gene at the JumpStart National Educator Conference where he delivered a rousing keynote address that captured the audience's attention. Pulling from the best of behavioral finance, he frames financial issues in a manner that demonstrates the long-term impact of decisions. This will make even the most impulsive young person...