Category: Budgeting

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...

Collaboration Series: Banking & Budgeting Resources

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Dec 07, 2020
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Tips for Teachers, Teaching Remotely, Budgeting
Collaboration Series is a weekly blog post that will highlight implementation ideas of various NGPF resources, strategies to engage your students in a Zoom world, and other useful teacher tips shared by teachers in recent Virtual PD sessions.    This week's Collaborate Board was created by a team of teachers at a Banking & Budgeting Resources for Your (Virtual) Classroom VPD. This VPD features NGPF Banking & Budgeting resources that can be used in the classroom such as...

Question of the Day: What percent of Black Friday shoppers expected to shop online?

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Nov 29, 2020
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Question of the Day, Budgeting
Answer: 64% Questions: Did you do any shopping on Black Friday?  Do you have a budget for holiday gifts this year?  Do you think it's easier to spend more online than when buying at a store? Why or why not?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Deloitte report):With shoppers significantly cutting back on in-store visits, the demand is high for convenient options to meet safety needs. In...

Question of the Day: What's the cost of a Thanksgiving dinner for 4 in 2020?

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Nov 22, 2020
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Question of the Day, Budgeting
Answer: From $28 to $58 (rounded up) depending on where you shop Questions: Assume you have an extra $10 to spend, what additional food items would you add to this list for Thanksgiving dinner?  Do online research to make sure you’re not spending more than $10.  What are you thankful for this Thanksgiving season?  ------------- Extension MATH Activity: Costco was not included given the bulk size of the products they sell (Thanksgiving leftovers might last through New...

Reading List for November 13-15

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Nov 13, 2020
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Investing, Economics, Student Loans, Budgeting
Investment Retirement account balances on the rise, as are 401k “Millionaires.” (Yahoo Finance) The pandemic seemed to be driving the market this week: soaring when promising vaccine results were announces, then fell back as case numbers continue to spike. (Yahoo Finance) It is going to be a big year for consumer tech IPOs. (CNBC) Instacart is one of many companies planning an IPO in coming months. (Fox Business)   Economics Unemployment claims moving in the right direction,...

Question of the Day: What is the top-selling fast food category: Snacks, Burgers or Pizza?

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Nov 03, 2020
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Question of the Day, Budgeting
Answer: Burgers with $81.6 Billion in sales in 2019 Questions:  How much of your personal food budget goes to "fast food?" How do you think COVID-19 has impacted fast food sales? Do you think this will be a temporary or lasting change?  Have you seen more examples of healthier options being offered at fast-food restaurants? What do you think is causing this trend?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

Reading List for October 30-Nov 1

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Oct 30, 2020
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Financial Literacy, Economics, Budgeting, Investing, Insurance
Hope you all have a happy and safe Halloween!   Financial Literacy Ally is “leaning into gamification” to attack the financial literacy gap, beginning with “Animal Crossing.” (PRNewswire)   Economics Yahoo Finance provides a wrap-up of this week’s economic data releases. * Consumer spending increases 1.4% in September * Personal income rebounds 0.9%; savings rate dips to 14.3% * Core PCE price index rises 0.2%; up 1.5% year-on-year GDP rebounded in...