EdPuzzle Thursday: Checking Accounts & A Cashless Society
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 checking accounts and one answering the question - is cash going extinct?
The first EdPuzzle video titled "Know Your Checking Account" reviews how to write a...
Question of the Day (Update): What percent of Gen Z has never written a physical check to pay a bill?
Answer: around 33%
Questions:
Did this number surprise you? Why or why not?
What are examples of bills that might require a physical check?
As Gen Z gets older, do you expect this number to be higher or lower? 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 (from Forbes):
"Young adults are using peer-to-peer payments more than the two generations before them. That’s despite...
EdPuzzle Thursday: Banks vs Credit Unions
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's EdPuzzle video titled "Are Credit Unions Better Than Big Banks?" reviews the pros, cons, and fees of big banks and credit unions.
Interested in more EdPuzzle videos? Visit our Video...
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,...
Question of the Day: What method of payment has seen the largest increase in the past month: Cash or Contactless Payments?
Answer: Contactless payments
Questions:
Have you ever used “Tap to Pay” or contactless payment?
Do you think that consumers will go back to paying with cash in a few years or will they continue this trend toward contactless payments?
What do you think are the pros/cons of this specific form of 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 (Bloomberg): ...
Question of the Day: What percent of 13-17 year olds have a debit card?
Answer: 40%
Questions:
Do you have a debit card?
If so, when did you get it and what purchases do you use it for?
If not, when do you plan to get one?
Does it surprise you that twice as many 13-17 year olds have a debit card compared to a credit card?
Which account is a debit card typically attached to?
What’s the difference between a debit card and a credit card?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers...
Question of the Day [Updated]: What is the average fee to take money out of a non-network ATM?
Answer: $4.72
This charge includes: Your bank’s fee AND Fee charged by ATM owner
Questions:
Did it surprise you that the charge includes TWO different charges? Why or why not?
Did you know that there is a charge for taking cash out of an out-of-network ATM? Do you think most people who use ATMs that are out-of-network are aware of this charge?
Why do you think there is a charge to use an ATM that is out-of-network?
Click here for the ready-to-go slides for this Question of the Day that...
Reading List for January 3-5 (2020!)
Happy New Year! This week's list includes a few articles reflecting back on the the past decade, as well as reflections on personal financial health and habits.
If you want an incredibly comprehensive look at what transpired in 2019, Barbara O'Neill has your back in this Journal of Financial Planning article, 2019 Personal Finance Year in Review.
Financial Literacy
The emphasis in this article is moving the financial education much earlier in a child’s development. (Education Dive)...
Best of 2019: Most Visited Unit Pages
By Tim Ranzetta
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Dec 30, 2019
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Checking Accounts, Paying for College, Credit Cards, Credit Reports, Career, Investing, Insurance
Our Unit Pages are the most visited pages on the NGPF website. Why? It provides teachers with all of the NGPF resources available on a given topic (unit) on ONE page. So, whether you are looking for 45 minute lessons or just individual resources to supplement your existing lesson, you can find them on the unit page.
Here were the unit pages that received the most page views:
Checking
Budgeting
Taxes
Types of Credit
Investing
Career
Paying For College
Saving
Insurance
Managing...
QoD: What percent of consumers overdraw their checking accounts annually?
Answer: 30%
Questions:
Why do you think that so many people overdraw their checking account?
What steps can YOU take to avoid overdrawing your account?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (CFPB study cited by Bankrate):
CFPB study: "A small group of consumers pay most of these fees. In a given year, only 30% of consumers overdraw their checking account. The 8% of consumers who overdraft more than 10...
NGPF Podcast: Andy Rachleff of Wealthfront discusses self-driving money
Andy Rachleff is back on the NGPF podcast (previous appearance here) and provides us with an update on both Wealthfront's progress and the recent trends in financial services. Andy discusses new features offered by Wealthfront, consumer reaction to their new Cash Account, and how financial advice is ripe for creative destruction. Listen to this podcast and you will get insights on how AI (artificial intelligence) will change how we manage our money.
Details:
0:00~1:29...
QoD: Which tech company do consumers trust the most to handle their finances: Amazon, Google or Apple?
As technology firms increasingly angle their way into financial services, the trust factor becomes an important one.
Answer:
Questions:
How would you answer the question? Why?
Do you think technology companies will have success competing against existing banks? Why or why not?
Thinking like an entrepreneur, what has been one part of your experience with banks that you think needs to be improved?
Here's the ready-to-go slides for this Question of the Day that you can use in your...
Reading List for September 27-29
By Beth Tallman
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Sep 27, 2019
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Paying for College, Advocacy, Economics, Investing, Personal Finance, Insurance, Checking Accounts
Advocacy
The Pennsylvania Senate passed a bill that would require students to take a semester-long personal finance class to graduate high school. The bill now moves to the House. The bill proposes that the credit for the class could be applied to social studies, math, business, or family and consumer science graduation requirements. (CBS-Pittsburgh)
A survey from Country Financial found that 86% of Americans think financial education should be mandatory. (LowCards)
Economics
There...
QoD: If a bank mistakenly deposits $100,000 into your bank account, is it now YOUR money?
Hat tip to Brian Page and Lana Main for sharing this story!
Answer: Nope.
Here's a two minute video explaining what happened to a couple in Pennsylvania who "had a bank error in their favor:"
Questions:
Does this seem fair to you? Why or why not?
The couple in this story used the $100,000 to go on a shopping spree. Imagine you suddenly received $100,000 (legitimately and not through a bank error), how would you spend it?
Click here for the ready-to-go slides for this...
Have you seen the new "What's New With _________?" posts?
By Beth Tallman
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Aug 31, 2019
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Current Events, Credit Reports, Index Funds, Investing, Credit Cards, Checking Accounts, Career
We all know that things are always changing in the world of Personal Finance. We bring you a weekly reading list of news related to Personal Finance, Economics, and other topics relevant for teachers, but what if you want to hone in on what’s been happening in just one topic?
This year, the “What’s New With” series of blogs is a bit different than in the past. We are pulling in fewer articles on each topic, but going into more depth within the blog to explain what has...
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