Virtual Adaptation - MATH: Unit Price
The activity MATH: Unit Price practices calculating the unit price for various items so that, when you go shopping, you can get the best deal. This activity allows students to learn how to calculate unit price as well as practice examples of when it will be used.
At a time where many schools have transitioned to offering synchronous and asynchronous learning, we’ve listed some adaptations and extension ideas that may work for your current classroom environment.
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Question of the Day: The federal government mailed out $1,200 stimulus checks this spring. Rank order from highest to lowest how people used the stimulus: Purchased stuff, paid down debt or saved it?
Answer: 41% of stimulus checks went to purchase stuff, 31% to repay debts and 27% was saved
Using data from a recent survey of 12,000 Americans conducted by Nielsen, a market-research firm, the authors found that just 42% of the money was spent. Another 27% was saved. The remaining 31% was used to repay debts.
https://www.economist.com/graphic-detail/2020/09/02/how-did-americans-use-their-coronavirus-stimulus-cheques
Questions:
What do you notice about the relationship between household income...
What's New With Budgeting (2020)
Budgeting during a Pandemic
The financial experience of Americans over the last six months has fallen one of two ways. If one was able to continue to work from home without losing income, and without giving up a job to take over childcare, they likely saw savings increase or debt decrease as spending was reallocated, but in all likelihood, dropped overall. Then there was everyone else. According to one survey, about half of Americans reported a drop in income, and almost 20%...
Question of the Day (Updated): How many payment transactions does a consumer make in a typical month?
Answer: 72 transactions on average
Questions:
How many payment transactions do you make in a typical month?
What are the various ways that you pay for things? List them from most to least popular.
How do you keep track of your payment transactions?
How do you think the way you pay for things might change as you get older?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Which grocery store food group saw largest increase in prices in last 12 months: Beef, Fruits/Vegetables or Beverages (non-alcoholic)?
Answer: Beef rose by 14.2% in last 12 months
Non-alcoholic beverages rose by 5.0%
Fruits and vegetables rose by 2.3%
Questions:
What may be causing beef prices to rise so sharply? (Hint: think supply/demand)
Do you think that families adjust their food budgets when prices for a specific food group increases so much?
If you were managing a restaurant that sold hamburgers, what decision would you make regarding the price that you charge customers for your burgers?
Click here for...
EdPuzzle Thursday: Renting & Moving On a Budget
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.
This week we have two EdPuzzle videos; one focusing on renting a living space and one focusing on hacks for moving on a budget.
The first EdPuzzle video titled "Is It Okay To Rent?" investigates when renting is a good...
Virtual Adaptation - COMPARE: Needs vs Wants
A key aspect of creating a budget that works is determining needs from wants. This type of lesson is typically a staple when teaching personal finance. In the activity, COMPARE: Needs vs Wants, students will prioritize budget items to determine their needs vs wants and consider how their values and budget ultimately determine how they spend their income.
At a time where many schools have transitioned to offering synchronous and asynchronous learning, we've listed some adaptations and extension...
Question of the Day: Excluding rent or mortgage payments, what is the most expensive monthly bill paid by households?
Answer: Auto loans
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Questions
This research focused on bills that are paid by households. What other major costs would show up in a typical household budget?
4 of the 9 monthly bills have this word in them. What is it?
Which billing category above do you think families may be looking to reduce now?
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A great way to end the year is with our Salary-Based...
Question of the Day: What grocery item saw the sharpest price increase in April 2020: Eggs, Fruits and Veggies or Meats?
Answer: Eggs
Questions:
What normally is the cause of higher prices on grocery items? Why do you think prices rose so quickly in April?
How do you think consumers react when prices of certain grocery items go up? Do they stop buying them, buy less or still buy the same amount or more?
Do you anticipate these prices to continue to increase in the month ahead? Why or why not?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....
NGPF Podcast: Jean Chatzky on personal finance in age of pandemic
It was a great honor to host Jean Chatzky recently on the NGPF podcast. Author, analyst, commentator, columnist, entrepreneur, educator and if you listen to the podcast...there's even more. Jean shares why she is so passionate about financial education, how her mother influenced her attitude about gender roles when it came to money and what happened when she traveled to Vegas to talk mutual funds with basketball star Dennis Rodman. In a lightning round of Q&A, Jean shares her insights on...
Reading List for May 29-31
Pandemic Round Up
Weekly unemployment claims totaled 2.1 million last week, bringing total claims to over 40 million. (CNBC)
Summer jobs for teens are hard to find this year. (WSJ) (For reference, here is what the job market looked like for teens last summer: unemployment stood at a 50-year low. WSJ)
Amazon is looking to make 125,000 of the jobs it added to deal with the pandemic permanent hires. (TechCrunch)
USA Today sums up the permanent changes in our economy as we learn to live with this...
Question of the Day: What were the five most popular Questions of the Day for the 2019-20 School Year?
See how well you can do with the top 5 questions from this school year:
What percent of 18-34 year olds are investing in the stock market?
What percent of U.S. millionaires are professional athletes?
What percent of college graduates end up working in the field of their major?
What will your credit score be after your first six months of making on-time payments?
Would you rather have $1,000,000 or start with a penny and double your money every day for 30 days?
Answers:
37% of 18-34 year olds...
Virtual Adaptation - Budgeting Case Study: How Do I Budget?
Budgeting is a foundational topic in any personal finance class. A hidden gem in the NGPF curriculum is case studies. A great activity that combines both of these variables is Case Study: How Do I Budget?
NGPF Case Studies present personal finance issues in the context of real-life situations. Students explore decision-making, develop communication skills, and make choices when there is no "right" answer. In this case study, students learn the basics of budgeting, from setting priorities,...
Question of the Day (UPDATED): How many of the top 10 Financial Apps can you Name?
Here's the leader board as of 5/17/20 (from SimilarWeb):
Questions:
Do you have financial apps on your phone?
If so, which do you use most often?
If not, why not?
What are the pros of cons of using your mobile phone to manage your bank account?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from Forbes):
As more payments take place electronically and bank branches slowly disappear,...
Virtual Adaptation: MOVE Activities
MOVE activities are some of the best NGPF activities to use in the traditional classroom. They require students to apply their knowledge through a fun, out-of-their-seats, whole class challenge. But times are different right now and learning is taking place remotely. So, how can teachers take the context of the MOVE activity and use it in the digital environment?
We have created TWO adaptations to THREE of our most popular MOVE activities that you can use in either a synchronous or asynchronous...
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