Category: Behavioral Finance

Question of the Day: Researchers have found five ways that spending money can make us happy. Can you name two of them?

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Jan 26, 2020
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Question of the Day, Behavioral Finance, Purchase Decisions, Budgeting
Hat tip to Nick Maggiulli of Dollars and Data blog for highlighting this research from .  Answer: Buying experiences Treating yourself (on occasion) Buying extra time Paying upfront (i.e. all-inclusive vacations) Spending on others Questions:  What are ways that you spend money that bring happiness to you? Do they fit into any of these five categories?  Why do you think that researchers found that "buying experiences" might create more happiness than buying "things?"...

QoD: Can you name 3 of the top 10 things that adults overspend on (i.e., spend more than their budget)?

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Jan 21, 2020
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Behavioral Finance, Question of the Day, Budgeting
Answer: Questions: Do you have a budget? Are you able to stick to it all of the time/some of the time/none of the time?  How would you answer this question for yourself: What are the purchases that cause you to overspend?  Take 2 or 3 items from the top 10 list and explain why that specific item leads to overspending.  Explain strategies that you could use to control spending in those categories. Click here for the ready-to-go slides for this Question of the...

Teach The Triangle: Making Purchase Decisions

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Jan 21, 2020
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Purchase Decisions, Chart of the Week, Behavioral Finance
Hat tip to Erica Pavlik of Neuqua Valley High School who reached out and suggested we curate resources to help "Teach the Triangle," an instructional idea created by her principal, Lance Fuhrer. Here's how she explained this concept:  "It is like your data crunch but taken a step farther. It collects three types of data (image, article & graph) on a similar topic and ask students one question: What can you infer from this?" We thought we would give it a go. Here are three resources...

What Is NGPF Curriculum's Lexile Level?

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Jan 07, 2020
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Tips for Teachers, Behavioral Finance, Teaching Strategies
What lexile level is NGPF’s curriculum? We’ve been getting this question a lot lately, so we are going to break down the different lexile levels in a NGPF lesson and give you teacher tips for differentiation along the way! NGPF’s curriculum is rigorous and we strive to prepare your students for college and adulthood, so our curriculum’s lexile levels have a wide range in the hope we are reaching all learners as they begin their personal finance journey. What is a lexile...

Chart of the Week: Auto Loan Terms

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Jan 06, 2020
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Budgeting, Behavioral Finance, Chart of the Week
This chart ties in well with today's Question of the Day which equates longer auto loan terms with higher interest costs for borrowers.    Questions: Which loan term has grown most dramatically in the last decade? Which loan term has declined the most? Why do you think that seven year loan terms have become so popular?  Do you think that having a long-term car loan is a wise choice? Why or why not? ---------------------- Here's our question of the day about the increased cost...

QoD: What are the top New Year's Resolutions for 2020?

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Jan 05, 2020
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Behavioral Finance, Question of the Day
Questions: Do you think that making New Year's resolutions are a good idea? Explain.  How would you categorize the items that typically show up on a list of popular resolutions?  Do you have any New Year's resolutions? If so, what are they? If not, why not? What are some strategies that you can use to make resolutions stick? Have you had success with these in the past? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers...

Video Resources: Brief History of Credit Cards, Will Power and Kids in a Cashless Society

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Jan 02, 2020
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Credit Cards, Video Resource, Behavioral Finance, Payment Types
Interesting videos that you may find useful to supplement your lessons.  Video: A Brief History of Credit Cards (or, What Actually Happens When You Swipe) Description: "What actually happens when you swipe your credit card? a16z general partner Alex Rampell helps solve the mystery, taking us from the beginning of the credit card revolution (including its hometown of Fresno, California) and on the journey of how both information and money travel… through the five parties...

Best of 2019...NGPF's FinCap Friday

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Dec 26, 2019
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Behavioral Finance, FinCap Friday, Investing, Paying for College, Budgeting, Ethics, Generosity
Looking for a 5-10 minute resource to bring current events to your classroom? FinCap Friday is your solution. It's a quiz game, an explainer video and discussion prompts all wrapped into one cohesive resource. With over 600,000 plays since its launch in August of 2018, it's become a weekly Friday routine (or any other day of the week) in classrooms across the country.  Here's the Top 10 FinCap Fridays that are topping the charts (overall):  Famous and Frugal (Budgeting) Show Me...

Best of 2019..NGPF's Questions of the Day

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Dec 25, 2019
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Question of the Day, Behavioral Finance, Budgeting, Credit Cards, Credit Scores, Current Events, Investing, New Products
If you receive our daily blog updates, you know that we produce a Question of the Day every Mon-Thursday during the school year..which amounts to about 160 questions. Here are the 10 questions that garnered the most pageviews in 2019. See how many you can answer correctly: What's the average credit score needed to rent an apartment?  What percent of people age 75 and older are still working? What percent of U.S. millionaires are professional athletes? What percent of 18-34 year olds are...

Question of the Day: _____ out of 3 Americans are limiting their spending each month

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Dec 15, 2019
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Behavioral Finance, Question of the Day, Budgeting, Podcasts, Purchase Decisions
 Answer: 2 out of 3 (66%) Here are the reasons they gave for limiting spending: Questions: Have you ever felt like you needed to limit your spending? Why? What do you think are the main reasons your peers would give for following a budget or limiting their spending? What do you think is a better saving strategy? Wait until the end of the month and save what’s left over Set aside your saving at the beginning of the month and spend whatever is left over after saving Do you...

QoD: Which generation was most likely to shop at stores on Black Friday: Gen Z, Millennials or Boomers?

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Dec 11, 2019
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Question of the Day, Budgeting, Behavioral Finance
Answer: Gen Z (14-21 year olds) 2 minute audio from Marketplace:  Questions:  How much of your holiday shopping have you done/plan to do online vs. visiting stores?  What are advantages of shopping in stores? Are there some items you'd rather buy in a store than online?  Is it easier for you to control your spending when shopping in a store or shopping online? Explain. Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....

QoD: Can you name three of the most popular items on wish lists this holiday season?

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Dec 04, 2019
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Question of the Day, Budgeting, Purchase Decisions, Behavioral Finance
Answer: Other fun facts:  Average consumer expects to spend $1,048 82% of 18-24 year olds plan to purchase for friends 56% of shoppers say they will shop online -------- Questions: What are the top items on your wish list?  Have you created a budget for your holiday spending? Why do you think it's so difficult for people to keep to their holiday budgets?  What is the best gift under $20 that you have ever received? that you have ever given? What types of gifts do you think...

QoD: Match the percent with the correct statistic from a recent survey of store credit cardholders: 20%, 40%.

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Dec 02, 2019
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Behavioral Finance, Question of the Day, Budgeting, Parent Conversations, Purchase Decisions
_______ of consumers with retail (store) charge card regret their decision to apply for this card. This may be explained by the fact that ___________ still have not paid back their charges from the 2018 holiday season.  Questions: Have you (or someone you know) ever been asked when shopping at a store whether you wanted to open a store credit card?  How does the cashier try and encourage the shopper to sign up?  Why do you think so many cardholders regret their decision to apply...

QoD: What percent of reviews posted on popular e-commerce sites are fake?

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Dec 01, 2019
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Question of the Day, Behavioral Finance, Budgeting, Purchase Decisions
Just in time for the busy online shopping days ahead... Answer: About 1/3 (33%) Questions: How much do you rely on online reviews before purchasing an item?  Have you ever noticed a fake review while shopping online? What made you think it was fake? Do you think that online reviews impact whether people purchase an item or not? Explain.  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Quartz): Review tracking...

QoD: What is the most popular music streaming service?

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Nov 25, 2019
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Question of the Day, Behavioral Finance, Budgeting
Answer: YouTube Questions: What is your go-to source for music?  What do you like most about it? How much do you pay for it?  How does YouTube compare to Spotify or Pandora when it comes to music streaming? What would be your cost in time/money if you wanted to switch from your current streaming service?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers: (Washington Post) Not Spotify, not Apple Music,...