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

Question of the Day: Working more than ____ hours a week in high school can harm grades.

|
Nov 09, 2021
|
Question of the Day
Answer: 20 Questions:  Given that this study is a decade old, do you think the findings still apply? Do you think the answer might vary based on the type of job that a high schooler has?  What do you think are the pros/cons for having a job while in high school?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (University of Washington research):  "Working part-time during high school may be...

Question of the Day: How long does it take a hacker to crack a 7 character password?

|
Nov 07, 2021
|
Question of the Day, Identity Theft
Answer: up to 0.29 milliseconds.  Questions:  How long is your typical password? Do you use the same password for multiple websites?  Have you (or do you know anyone who has) been hacked? Do you know how it happened?  Here's the ready-to-use slides for this Question of the Day for your classroom. Behind the numbers (Venture Beat): Hackers crack a seven-character password in up to 0.29 milliseconds. That’s a startling statistic. Using one password for multiple logins...

NGPF Podcast: Tanya Menendez is simplifying student loan repayment at Snowball Wealth

|
Nov 05, 2021
|
Podcasts, Student Loans
In the latest installment of the NGPF podcast, you will hear from Tanya Menendez, a fearless entrepreneur. After co-founding Makers Row, a marketplace that matched designers with American manufacturers, Tanya went on sabbatical before settling on her next venture, Snowball Wealth. In this podcast, Tanya shares her motivation behind Snowball Wealth and it's mission to simplify student loan repayment so borrowers can pay less. Enjoy!  Details: 0:00~2:45 Introduction 2:45~5:12 Early...

Interactive: Age and Occupation

|
Nov 04, 2021
|
Interactive, Career, Employment, Math
This interactive from Flowing Data maps the age ranges for 529 different jobs. For math teachers looking to bring summary statistics to life, this may be what you are looking for as it displays min/max, 25th/75th percentile and median values. Here's the top of the chart with one highlighted job: web and digital interface designer (click to go to the interactive):    Each job has five numbers corresponding to the age of people with the job: the min/max, and the 25th and 75th percentile...

Question of the Day: Tesla recently achieved a stock market value of $1 trillion. It is now worth as much as the next ___________ auto companies combined.

|
Nov 03, 2021
|
Question of the Day, Investing
Answer: 10 Questions: Why do you think Tesla is valued so much higher than all the other auto companies (Hint: think about how their cars are powered).  Do you know who the founder of Tesla is? How about the founder of any of the other car companies you see on the chart?  What do you think that Tesla’s value signals about the future of the car industry? Here's the ready-to-use slides for this Question of the Day for your classroom. Behind the numbers (USA Today): Its...

Question of the Day: Rank order these payment types from most to least popular with consumers: cash, debit card and credit card.

|
Nov 01, 2021
|
Question of the Day, Checking Accounts, Payment Types
Answer: Debit card, credit card, cash From Federal Reserve of Atlanta: Note: Results from 2009 through 2014 are based on the American Life Panel; 2015 through 2020 results are based on the UnderstandingAmerica Study panel. OBBP stands for online banking bill payment; BANP stands for bank account number payment.Source: 2009–20 Surveys of Consumer Payment Choice Questions: How do you typically pay for things today? Why do you use that method? Summarize changes that have occurred between...

NGPF Podcast: Rohan Gupta on what it takes to start a financial education company

|
Oct 29, 2021
|
Podcasts
Details: 0:00~1:07 Introduction 1:07~2:13 Interest in computer science, economics, and space 2:13~7:14 Early money lessons 7:14~11:18 Encouraging young people to invest for the long term 11:18~14:16 Starting StreetFins 14:16~14:44 A word from NGPF 14:44~16:38 Popular content on StreetFins 16:38~18:49 Favorite podcast episode 18:49~23:50 Lack of personal finance education in schools  23:50~26:10 How StreetFins has grown 26:10~27:38 Managing StreetFins while attending school 27:38~29:25...

Audio Resource: Current Events Through Podcasts in 2-4 Minute Segments

|
Oct 28, 2021
|
Current Events
We are experimenting with methods to bring podcasts to the classroom. Teachers who participated in PDs on this topic encouraged us to move forward with this concept. The idea is highlighting 4 Marketplace podcast segments of 3-4 minutes on current event topics that will interest your students. This could work well as a jigsaw with a group of 4 students with each student taking one of these short segments and sharing what they learned with the group. Enjoy! Coca-Cola nearly doubled its...

UPDATED: NEW! Contest: Guess the October Monthly Jobs Number (and your class could win a $100 Amazon gift card)!

|
Oct 27, 2021
|
Contest Current, Economics
The winner this month is.... Catherine Sturtz's period 9 class Intro to Business and Finance at Miller Place High School (NY) estimated October job growth of 525,000 vs. actual of 531,000 which was reported this morning by the Bureau of Labor Statistics. Wondering how they did it? Here was their forecasting model:  Jan 2021 figures showed were around 233,000, resulting in the months after spiking to around 536,000 April 2021 figures showed were around 269,000 resulting...

Interactive: Can you recognize famous brands with just their logo and their founder's name?

|
Oct 27, 2021
|
Interactive, Entrepreneurship
This interactive provides an example of the strength of brands and how often they are strongly associated with their founders.  Have your students click on the link below and see how many companies they can identify with the company logo and their founder's name (they may need to watch the loop several times through):  Questions: Which were easiest to identify? Most difficult to identify?  Do you think it's good for a business and its brand to be so closely associated with the...

Question of the Day: Which Halloween item do consumers expect to spend the most on in 2021?

|
Oct 27, 2021
|
Question of the Day, Budgeting, Current Events
Answer: Costumes at $33.59 spent per person; Decorations were a close second at $32.10 per person Questions: What are your plans for Halloween this year? How would you/your families spending differ from last year's Halloween? What role did social media have on your Halloween spending this year (e.g., did you find costume ideas on Instagram?) Explain. Would it surprise you to learn that Halloween is the second most popular holiday in terms of consumer spending? Why do you think it's so...

Question of the Day: What percent of Gen Z consumers have added to their credit card debt since March of 2020?

|
Oct 25, 2021
|
Question of the Day, Credit Cards
Answer: 52%  Bankrate Covid Debt PollInfogram Questions: Generally, why would people increase use of their credit cards during a pandemic?  What difference do you see among the generations listed above when it comes to their credit card debt?  What advice would you give if a friend asked what steps they could take to avoid taking on credit card debt? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers...

NGPF Podcast: Carl Richards on creating sketches to explain financial concepts

|
Oct 22, 2021
|
Behavioral Finance, Podcasts
In Silicon Valley, many origin myths for start-ups begin with a business plan written on a napkin. Carl Richards took that concept to a new level by creating sketches on napkins to explain financial concepts. Here's one of my favorites: The focus of many of his sketches was how psychology drives many of our money decisions. In addition to his decade as the Sketch Guy at the NY Times, Carl is the author of two books, The One-Page Financial Plan and The Behavior Gap. In this podcast, you will...

Question of the Day: According to a 2021 survey of 10,000 teens, who is their favorite influencer?

|
Oct 20, 2021
|
Question of the Day, Behavioral Finance
Answer: Emma Chamberlain Questions: In your own words, what is an online influencer? Who is your favorite influencer? Have you ever purchased an item online because you were influenced by someone promoting that product/experience? If so, explain why. What do you think are the keys to an influencer’s success? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Piper Sandler survey; page 6) Teens’ favorite...

Question of the Day: Which group is seeing the fastest growth in being scammed online: Gen Z OR those over 60 years of age?

|
Oct 17, 2021
|
Question of the Day, Identity Theft, Current Events
Answer: Gen Z Questions: Why do you think that young people are seeing faster growth in online scams?  Have you seen any examples of online scams? How could you tell they were scams?  What advice would you give to your peers to avoid being scammed online?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (CNBC): Here are some common scams that target teens or young adults and how to avoid them, per Social...