Category: Budgeting

NGPF Podcast: Tim Talks to Banksgiving Founder Chris Banks

|
Jul 13, 2018
|
Podcasts, Budgeting
  Chris Banks transformed his struggle into a full-time passion project, and so Banksgiving was founded. His non-profit focuses on providing meaningful and comprehensive financial education to youth in Philadelphia. Listening to Chris in this podcast will make clear how he connects with kids and brings his unique life experiences to hook them. While still in its early years, Banksgiving has already made significant progress in providing young people with financial skills they need to...

Interactive: Do you have a designer's eye? OR Can you tell which item costs a $1,000 more?

|
Jul 08, 2018
|
Interactive, Budgeting, Behavioral Finance, Purchase Decisions
Ok, I have never been accused of having a designer's eye and answering the five questions in this Marketplace quiz provided further proof of that. I thought this short interactive might lead to interesting conversations about why we buy the things we do and all the psychological factors that play into purchasing decisions (e.g., status vs. function) From Marketplace:  Questions: Did you do better or worse than you expected picking out the higher-end furniture?  What surprised...

Top 10 Posts on NGPF Blog for 2017-18 School Year

|
Jul 05, 2018
|
Current Events, Behavioral Finance, Index Funds, Cryptocurrencies, Investing, Budgeting
The NGPF Blog provides educators with two posts daily during the school year, including an engaging question of the day. Teachers rely on the daily Question of the Day as a great conversation starter and appreciate that it engages all students since it requires no prior knowledge. In addition, the blog provides a great way to note trends in personal finance, highlight high quality resources and share ideas from our teacher community. With the school year ended, we wanted to highlight the most...

NGPF Podcast: Tim Talks to JL Collins About Financial Independence and Investing

|
Jun 29, 2018
|
Podcasts, Index Funds, Investing, Budgeting, Behavioral Finance
It started out innocently enough...he wanted to write letters of financial advice to his daughter. J.L. Collins never imagined that his blog would become a favorite source for the financial independence movement. His knack for storytelling and simplifying complex topics has boosted his blog popularity to over two million pageviews per year and convinced him to write a book, The Simple Path to Wealth. Hear how this proponent of index investing (his Stock Series is a must read for those who...

What I'm Reading This Weekend (June 16-17)

|
Jun 15, 2018
|
Economics, Personal Finance, Budgeting
Economy  The Federal Reserve voted to raise the target interest rate this week. It was not exactly unexpected. Are you worried about the level of debt in this country? See how you feel about it after reading this blog from The Fat Pitch on the subject which is full of great graphics! Can the growth of e-commerce explain why inflation has not accelerated? I found this piece from Bloomberg on the distribution of wealth in the world to be very interesting. Housing Here is an explanation as...

What's New With.......Budgeting?

|
Jun 07, 2018
|
Budgeting, Current Events
The "What's New With" series is going to take a summer break and return in time for the start of the new school year.   Tips and Strategies "Budgets Are Like Sex" is certainly a title that would get your attention, and that is what the Huffington Post is counting on. While it is written in PG-13, it may not be appropriate for your students, but it sure might convince some of your friends to start budgeting. Here are some strategies for dealing with variable expenses. Don’t let...

Question of the Day: What's the average monthly payment for a new car purchased in 2018?

|
Jun 05, 2018
|
Question of the Day, Budgeting, Purchase Decisions, Current Events, Research
Answer: $523 Questions: When do you expect to buy your first car? Will you buy new or used? Explain your answer.  What are other costs that you can expect to pay for a car beyond the car payment?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from CNBC): In the first quarter of this year, the average monthly loan payment for a new vehicle climbed $15 compared with last year, hitting an...

Question of the Day: What's the #1 expenditure for the average American household?

|
Jun 04, 2018
|
Question of the Day, Taxes, Budgeting
Answer: Housing Here are the top 5 expenses for households (with amounts spent in 2016 ): Housing ($18,886) Transportation ($9,049) Food ($7,203) Personal insurance and pensions ($6,831): largely Social Security payments Healthcare ($4,612) Questions: What are some examples of housing costs? transportation costs?  Do you think these costs are about the same across your state? Explain.   Average income for American household in 2016 was almost $75,000. One rule of thumb is that...

Pineland Dollars - A Classroom Economy At Work!

|
Jun 03, 2018
|
NGPF Fellows, Budgeting, Behavioral Finance, Economics, Teaching Strategies
Teachers will share their experiences in the classroom and how they apply what they learned at NGPF PD events (FinCamps, FinCamps PLUS, Summer Institute and Summit). This week, we focus on NGPF Fellow, Maureen Neuner, from Pinelands Regional High School, Little Egg Harbor (NJ), who explains her 'Pineland Dollars' (named after her school) classroom economy! -------- Another project we do since we are in the money unit of our class is our "Pinelands Dollars." I set up a simulated saving, earning...

Question of the Day: What percent of adults (over 22) live within 10 miles of where they went to high school?

|
May 29, 2018
|
Budgeting, Research, Current Events
Answer: Almost 50% Questions: Do you plan to live within 10 miles of where you live now? Why or why not? Why do you think those who move away are more satisfied with the neighborhood they live in? What do you think are the reasons that people like to stay close to their childhood home as they grow up? Do you think this is a positive or negative when it comes to the overall economy?  Click here for the ready-to-go slides for this Question of the Day that you can use in...

Digging Deeper: Retirement's Difficult Choices (Part 1)

|
May 21, 2018
|
Retirement, Personal Finance, Budgeting, Savings
  I have been noticing many articles in recent weeks discussing a wide array of issues surrounding retirement and end of life decisions, from when to stop working (if you stop working), when to draw Social Security, where to live, and even planning your own funeral! I am not sure if there are more articles out there given that 10,000 baby boomers hit 65 every day, or if I am just much more attuned to them as my husband and I are getting serious about planning the logistics of our...

Finance Explained by Danielle: Are “Easy Payments” As Easy As They Seem?

|
May 20, 2018
|
Current Events, Budgeting, Behavioral Finance
A couple of weeks ago, I was looking for something new to experience that wasn’t going to break the bank. I had stumbled upon an ad for a local amusement park that offered fairly priced season tickets, and my gut instinct was to check it out. After comparing a one-day ticket to a season pass, I discovered that it was worth it to purchase the latter since it would pay for itself in less than two visits! After factoring in parking—it’s $20 per visit—I knew it was well worth...

Just One Resource - CREATE: Monthly College Budget

|
May 16, 2018
|
Just One Resource, Paying for College, Budgeting
        In this new weekly blog post, Jessica will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.    [The Resource]  CREATE: Monthly College Budget The Gist: Think of this as a precursor to Payback but less focused on tuition costs and more focused on the day-to-day budgeting decisions a college freshman will make. Each slide presents a new decision: Will...

Tech Tool Review: Red Laser App

|
May 16, 2018
|
NGPF Fellows, Budgeting, Tips for Teachers
Teachers who attend our Summer Institute in Palo Alto become NGPF Fellows the following school year -- this Fellowship includes presenting with us at PD sessions, offering NGPF feedback on products, writing guest blog posts, ... the list goes on. Today features a Tech Tool Review from Martha Somers of Broad Run High School in Ashburn, VA. Here's what Martha has to say... Tech Tool: Red Laser app  Cost: Free Use Case:  Download app for Android or iPhone through Google Play or the Apple...

Digging Deeper: Two Cents Part II

|
May 14, 2018
|
Video Resource, Stocks, Mutual Funds, Entrepreneurship, Budgeting, Index Funds, Career
Since posting the first Digging Deeper on the PBS Series, a few new videos have been released.  That post seemed to be well received, so I thought I would review the new videos and post suggested questions and NGPF related links to save you a little time at the end of the school year!!!  As I mentioned before, there is a place on the Facebook page for the Two Cents video series for you to give feedback to Julia and Philip if you have big questions that you would like for them to...