Category: Budgeting

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...

Interactive Monday: Streaming Services

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Jan 05, 2020
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Interactive, Budgeting, Purchase Decisions, Activities
Hat tip to Kareem for uncovering this CNN interactive to assist those overwhelmed by choice when it comes to streaming services.  The interactive starts with a helpful flow chart showing where fave series like Friends, Parks and Rec and Seinfeld are moving to.  It then lists 8 of the leading streaming services (e.g., HBO Max, Netflix, Apple TV+) with details on what to expect from the service as well as popular movies/shows that will appear. Here's the details on Disney+:  A few...

ICYMI: Best of 2019...NGPF Product Releases

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Dec 29, 2019
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Taxes, Activity, Budgeting, Interactive, Activities
Our December newsletter highlighted the NGPF new product launches from 2019 (there were 12 of them!). Thank you to all the educators who tell us what they need as that drives what we build!  Here's a ranking of the 2019 product releases (with links to product release email in case you missed it the first time):  Infographics To Start The School Year Top NGPF Resources: One Page Guides New NGPF Arcade Game: Shady Sam Revamped Semester Course Just-In-Time: Updated Taxes Unit...

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...

Last Reading List for 2019!!

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Dec 20, 2019
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Personal Finance, Budgeting, Credit Scores, Investing, Paying for College, Taxes, Retirement
Many of the articles this week have a common theme: reflecting on the 2010’s as the decade comes to a close. Wishing you all a joyful holiday season and hope you enjoy your well-deserved break!   Personal Finance Do you think the Social Security Administration should mail out statements annually, or let people log on and check themselves? (WAPO) Time again for New Years Resolutions: Here is a list from AICPA of 20 things you should consider doing to keep your financial life in order....

QoD: What percent of Americans would be "ok" receiving a regifted gift?

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Dec 18, 2019
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Question of the Day, Budgeting, Ethics
Did you know the Thursday before Christmas is National Regifting Day? Who knew? Answer: 83% Questions: Do you think it's ok to regift a gift that you have been given? Why or why not?  Would you be ok if someone regifted a gift to you?  What do you think is the strongest argument in favor of regifting?  While 83% say they would be ok receiving a regifted gift, only about 34% admit to having given a regifted gift. Why do you think there is such a gap between these two stats? ...

Updated QoD: How much do you need to earn to be considered middle class?

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Dec 17, 2019
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Question of the Day, Budgeting, Research
Answer: Between $41,498 to $123,874 Note: Pew Research methodology assumes middle class = 67% to 200% of median household income Click on the map below to see what your state's median income details are: Questions: Why do you think these figures vary so much state by state? Can you suggest other ways to measure the middle class other than by income? Do you think the size of the middle class has changed over time? Why or why not? Do you think that people earning the same income can...

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....

Reading List for December 6-8

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Dec 06, 2019
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Economics, Investing, Budgeting, Paying for College, Current Events
Economics/Employment The November jobs report beat expectations. Dive into the numbers here. (USA Today) Does the jobs report give a complete employment picture? Forbes takes a look at the employment numbers and finds a large increase in low-quality, low-paying jobs.  "A study by the Brookings Institute, a nonprofit public policy organization that conducts research to solve problems facing society, found that a large amount of the newly created positions are “low-wage”...

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: When do consumers do more online shopping: Black Friday or Cyber Monday?

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Nov 26, 2019
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Question of the Day, Budgeting, Purchase Decisions
Answer: Cyber Monday Questions: Which generation is most likely to look for bargains on Cyber Monday? Why do you think this generation is more likely to look for bargains on that day? Do you plan to do any shopping on either Black Friday or Cyber Monday? Do you have a budget for holiday gifts this year? Why or why not?  Why do you think that so many people shop on these two days? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....