Category: Budgeting

Question of the Day: What's the top social media app for teens?

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Dec 14, 2017
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Budgeting, Research
Answer: Instagram by a whisker. From Your Teen magazine: According to new research from the University of Chicago, the top social media apps for teens age 13-17 are Instagram (76% of surveyed teens use it) and Snapchat (75%). Facebook and Twitter are less popular, with 66% and 47% of the teens reporting that they use each app. According to many parents, even if their teens have Facebook or Twitter accounts, the accounts lie mostly dormant. Here's the ready-to-use slides for this...

Question of the Day: What's the average lifespan of a toy fad?

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Dec 13, 2017
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Question of the Day, Behavioral Finance, Budgeting
Answer: About 8 months before it gets marked down With the holiday season upon us and the Fingerling in short supply, I thought the answer to this question was instructive in making me think that perhaps it may not last for long. From NY Times article: The $84 billion global toy industry is struggling for the attention of children obsessed with smartphones and tablets. Global toy sales have been growing each year, but at a slower pace than video games. The average life span of a toy fad is about...

Adventures in Personal Finance: Vacationing on a Budget!

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Dec 12, 2017
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Article, Personal Finance, Budgeting
My partner and I were living in New York City. At the time, I was a Physics Teacher/Basketball Coach, and he was a Dental School Student at NYU. Needless to say, what we had in personality we lacked in expendable finances. Both of us were living on a tight budget. Luckily in NYC, that means amazingly tasty burritos from incredible secret hole-in-the-wall restaurants, lots of dumplings, free outdoor showings of the opera at Lincoln Center, and $10 comedy where you catch a celebrity now and then....

Question of the Day: What percent of Americans got a pay raise in the last 12 months?

Dec 06, 2017
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Career, Employment, Current Events, Research, Budgeting
Answer: 48% From Bankrate survey, reported in USA Today:  Thirty percent got a raise at their current job, 10% landed a better paying job and 8% scored both within the 12-month period. Thus, a total 48% of those surveyed saw their wages rise either at their current workplace or by switching jobs. The survey also demonstrated the importance of education as those with college education got bigger boosts as did those with higher salaries: Those with more skills are reaping bigger rewards. Only...

Schools in the News

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Dec 06, 2017
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Schools In News, Featured Teachers, Financial Literacy, Employment, Entrepreneurship, Budgeting, Career, Teaching Strategies
Financial literacy course added to Arkansas graduation requirements (News Channel 3) Arkansas students won’t be able to graduate from high school without some understanding of financial planning, taxes and household budgeting. A new law approved by lawmakers this year mandates that students receive instruction on a range of standards related to financial literacy, the Northwest Arkansas Democrat-Gazette reported. The law, dubbed the Personal Finance and Job Readiness Act, will...

Article: Would You Watch An Ad To Get A Lower Price?

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Dec 04, 2017
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Budgeting, Behavioral Finance, Current Events
According to this article in Quartz, you might soon get to make this choice: There’s potentially another reason for Amazon to promote the use of video in e-commerce. It now has a way to offer customers discounts for watching ads. In October, Amazon was awarded a patent for “content-based price reductions and incentives.” The patent says that “customers in an electronic environment can be presented with the option to receive advertising, such as audio, video, or...

Question of the Day: How much do you need to earn to be considered middle class?

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Nov 30, 2017
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Budgeting, Career, Current Events
Answer; Between $39,556 and $118,078 From US Census Bureau American Community Survey (courtesy of Business Insider): Defined by Pew as those earning 67% to 200% of the median income — $39,560 to $118,080 in 2016 — only about half of Americans can call themselves middle class. Lower-income households account for 29%, while upper-income households make up the rest, according to Pew. Here's a great interactive map (need to go here to use the interactivity) showing how...

Financial Education Explained by Danielle: A Great Sale… But at What Price?

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Nov 30, 2017
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Budgeting, Behavioral Finance, Credit Scores, Credit Cards, Generosity
The holiday season is once again upon us, and accompanying it is the temptation to spend a bit more money on presents for loved ones as well as yourself. With big shopping days like Black Friday and Cyber Monday behind us, now’s a good time to reassess recent purchases we might have made in haste. Originating in the 1950’s, there is this crazy phenomenon called Black Friday (the phrase was coined in 1961), where shoppers storm stores in hopes of getting a “can’t...

NGPF Podcast: Tim Talks to Passionate Educator Barbara Angelicola-Manzolli of Mills High School (Burlington, CT)

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Nov 26, 2017
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Teaching Strategies, Budgeting, Podcasts, Current Events
It was great to see Barbara recently at the JumpStart National Educator Conference in D.C. We had a few conversations there about her favorite classroom activities and I encouraged (pleaded?) for her to come on the podcast and share them with the community. So, you will learn about ideas that work in Barbara's classroom as well as her earliest money lessons and how she incorporates morals, values and ethics into her course. I know that you will walk away with ideas by listening to this...

Guest Post: Giving Thanks for Giving in Personal Finance

Nov 21, 2017
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Generosity, Activities, Teaching Strategies, Budgeting, Parent Conversations
Thanks to NGPF Fellow Kerri Herrild of De Pere High School (De Pere, Wisconsin) for taking a chance on this new project and sharing it with the broader community:  I am excited to share a powerful project that my Personal Finance students recently completed.  Students were introduced to the concepts of charitable donations using the NGPF unit on philanthropy.  They were then assigned The Giving Project in which they were to research a charity that was meaningful to them and create...

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

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Nov 21, 2017
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Budgeting, Current Events, Question of the Day, Research
Answer: $49.12 From Marketplace: Thanksgiving dinner is cheaper this year — but you might not be feeling it. The American Farm Bureau Federation pegs the average cost of a Thanksgiving feast at $49.12, a five-year low. The Federation has been doing price surveys on the same list of groceries for 32 years now, tracking the average cost of a modest, traditional meal for 10. And in case you wanted all the details: Here's the full shopping list, along with this year's average...

Top 10 on NGPF Blog: What Are Teachers Reading?

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Nov 20, 2017
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Investing, Budgeting, Video Resource, Current Events, Retirement, Behavioral Finance
Here's what trending recently on the NGPF Blog: Chart of the Week: What is average credit score for 18-24 year olds? Hint: It takes good behaviors (and time) to perfect the credit scoring game.  Let's Go To The Videotape: 5 Personal Finance Documentaries to Consider. From professional athletes going to bust, to the retirement crisis we face in this country to the largest investment fraud of our time, this list has something for everyone.  NGPF Announces Scholarship...

Question of the Day: What's the average credit score needed to rent an apartment?

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Nov 19, 2017
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Credit Scores, Question of the Day, Budgeting, Research
Answer: 650 From Rentcafe study:  "Rental applicants approved for an apartment in 2017 had an average credit score of 650, is the conclusion of our most recent study based on tenant screening data from RentGrow. Meanwhile, those that ended up on the rejected list had an average score of 538." Even more interesting is how the average credit score varies so dramatically based on location. Here's the ten most difficult markets to rent an apartment, based on the average credit score for...

Question of the Day: What is the most popular shopping website for teens?

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Nov 16, 2017
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Purchase Decisions, Question of the Day, Current Events, Budgeting, Research
Answer: Amazon  From Piper Jaffray Teen Survey:  Questions: Do you shop online at all? If so, what is your favorite website? Are there items that you refuse to buy online? Why?  Amazon has such a commanding lead over other websites, why do you think so many teens choose Amazon for online shopping? ---------- Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. ----------------- Looking for an article that describes the...

Financial Education Explained by Danielle: The Cost of Trust

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Nov 14, 2017
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Financial Scams, Budgeting, Payment Types, Article, Personal Finance, Savings
Last week, one of my friends experienced a financial pitfall that most of us only ever hear about and hope to avoid. For the past five months, my friend's monthly rent money was not making it to their landlord because their roommate had been pocketing it. To give some context: most landlords require a single rent check for each unit that they own. To achieve this in a multiple person apartment, one roommate—typically the original or most responsible tenant—usually inherits the...

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