Category: Budgeting

JACKPOT! The Data USA Interactive

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Apr 07, 2021
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Interactive, Career, Budgeting, Current Events, Student Loans, Paying for College
Data USA is the greatest interactive I have ever seen. Highlighted with orange boxes below are the primary categories you want to click on when exploring the site.     These data visualization tools can be used in countless ways. You can always go straight to the site yourself and think through ways you can use it. For those who wanted this work done for you, you’re in luck. Here’s what I’m going to share in this post: The Interactive: A 4 minute tutorial on how to...

Reading List for March 19-21

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Mar 19, 2021
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Economics, Investing, Budgeting, Taxes, Career, Financial Literacy
  Economics Retail sales fell in February. Was it the cold? Or did folks run through their stimulus money in January. (CNN) Weekly unemployment were back up slightly from last week. Read about new and continuing claims from AP. Fed FOMC met this week and will likely keep rates at or near zero until 2023 and expects GDP growth to hit 6.5% this year. (AP, Yahoo Finance) Trying to remember how the Federal Reserve Bank handled the impending financial crisis a year ago? Here is a good recap....

Reading List for March 5-7

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Mar 05, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies, Retirement, Budgeting
    Financial Literacy ICYMI--Here is a link to Tim Ranzetta’s piece for The Street.   Economics This week marked Fed Independence Day (Happy 70th!). Here is a Planet Money episode explaining what that is all about. Speaking of the Fed, Jerome Powell’s comments yesterday about the potential for some inflation as the economy restarts sent markets moving. (CNBC) For more on Powell’s message stressing patience, read the NYT explanation. Initial jobless claims...

Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person?

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Feb 24, 2021
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Budgeting, Mortgages, Purchase Decisions, Behavioral Finance
Answer: 63% Questions:   Would you consider buying a house that you couldn’t see in person?  What do you think home buyers might miss if they rely strictly on online sources of information? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times):  Sixty-three percent of buyers who used Redfin in November and December went on to make an offer on a home they hadn’t seen in...

Question of the Day: What percent of Gen Z subscribe or share a Netflix account?

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Feb 23, 2021
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Question of the Day, Budgeting
Answer: 78% Questions: Do you subscribe to Netflix? What makes it such a popular platform? How do you enjoy movie and television content? What is your streaming service of choice? In light the Covid-19 pandemic and the growth of streaming services, do you think movie theaters will continue to find success when reopened? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (Business of Apps):...

Question of the Day (Updated): How much did 18-24 year olds expect to spend on Valentine's Day?

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Feb 14, 2021
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Question of the Day, Budgeting
Answer: $184 Questions: Which age group(s) plan to celebrate the most?  Which age group is expecting to spend the most?  What do you think are the most common items purchased on Valentine's Day? Try and name 5 and estimate their cost.  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (National Retail Federation):  As consumers in the United States bought heart-shaped treats and made...

Reading List for February 12-14

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Feb 12, 2021
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Cryptocurrencies, Investing, Economics, Budgeting, Taxes, Paying for College
Happy Valentine's Day! BitCoin Bitcoin may be winning the headline contest over GameStop this week. Let’s start with “What can you buy with bitcoin?” (NYT) The nation’s oldest bank, BNY Mellon, and Mastercard announce they are getting on the cyrptocurrency bandwagon. (Markets Insider) Tesla may have triggered the latest run-up in bitcoin pricing after their announcement of a $1.5 billion investment, and that they would accept bitcoin as payment for their cars. (CNBC)...

Question of the Day [Black History Month]: How much money do Black Americans give in charitable donations annually?

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Feb 10, 2021
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Question of the Day, Budgeting
Answer: Over $11 billion a year Questions: Have you ever donated before? What causes are you most interested in supporting? How might your own family history and tradition impact your giving in the future? How might learning about the experiences and traditions of others impact your own spending/giving? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (Forbes): Though research is limited...

Question of the Day: How much on average did Super Bowl LV viewers spend on food and drinks for the big game?

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Feb 08, 2021
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Question of the Day, Budgeting
Answer: $74.55 on average, totaling more than $13.9 billion Questions: Did your family spend any money on food and drinks for the Super Bowl this year? How would you/your family's spending differ from last year's Super Bowl?  Would it surprise you to learn that the Super Bowl is the second biggest eating day in terms of consumer spending? Why do you think it's so popular? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the...

Question of the Day: What was the average price of a new car sold in the 4Q of 2020?

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Jan 20, 2021
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Question of the Day, Budgeting, Purchase Decisions
Answer: More than $40,000; monthly payment of $581 Questions: Why do you think that people are spending so much on new cars? What happens to the value of a car once you drive it off the dealer's lot?  Do you think about cars as an investment? 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 (Marketplace audio): "New car and truck sales were down 15% last year. That may not...

Question of the Day: What are the top 3 categories that Gen Z spends its money on?

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Jan 18, 2021
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Question of the Day, Budgeting
Answer: Clothes/Shoes, Books & music (physical copies), and Apps Questions:  In which of the following categories do you spend your own money? Are you surprised by the top 3 results in this study? Why or why not? How do you think COVID-19 has impacted Gen Z spending habits? Do you think this will be a temporary or lasting change?    Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (IBM): ...

Question of the Day: What percent of 10-12 year olds admit to making in-app purchases on mobile games?

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Jan 13, 2021
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Question of the Day, Budgeting, Current Events
Answer: 75% Questions: What mobile games do you currently play? Have you ever made any in-app purchases? Explain what you bought and the reasons why. What are the ways that game developers “nudge” players to make in-app purchases? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Statista): The gaming software industry depends on three monetization models to make such mammoth profits: consumers may simply buy...

Question of the Day: How much (in $s) do consumers waste in unused gift cards each year?

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Jan 04, 2021
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Question of the Day, Budgeting
Answer: $3 billion Questions: Why do you think that the balance on unused gift cards is in the billions? What strategies can a consumer use to make sure that they don't lose track of their gift cards? Would knowing that many people don’t use gift cards affect your gift-giving habits (i.e., would you decide not to give gift cards anymore since you’d be afraid it would never be used?) Click here for the ready-to-go slides for this Question of the Day that you can use in your...

Best of 2020...NGPF Arcade Games

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Dec 20, 2020
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Paying for College, Interactive, Credit Reports, Investing, Budgeting
2020 saw the release of two new games to the NGPF Arcade: Money Magic in January and The Bummer! Game in October. The game developers, McKInney, continue to add to their medal count: The investment game STAX was named a 2020 Webby winner in the Public Service, Activism, and Social Impact category Shady Sam collected a Wood Pencil at this year’s D&AD Awards, which honor the world’s best in advertising and design category 2019 saw PAYBACK win a Webby in the Education...

Question of the Day: How Much Money Does The Average Person Spend On Video Games and Accessories?

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Dec 15, 2020
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Question of the Day, Budgeting
Answer: $205.12 Questions: What do you think motivates people to purchase new games and accessories for gaming? Name at least three. What are the ways that these developers “nudge” players to purchase in-app content? Have you ever paid for in-app content? Why or why not? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. ? Our This Question of the Day from 2021 over In-App purchases will add a great data point for the...