Category: Credit Cards

Best of 2018...NGPF Questions of the Day

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Jan 03, 2019
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Question of the Day, Career, Budgeting, Credit Cards, Employment, Current Events, Personal Finance
Questions of the day a.k.a. "bell-ringers" are a great way to get the conversation started about a money topic. What makes a good question of the day? It's relevant, timely and thought-provoking. Subscribe here and you will get a daily Question of the Day delivered to your inbox during the school year. See how many of these top 10 QoD from 2018 you can answer:) #`10: What 3 jobs are projected to be the fastest growing over the next decade? #9: What percent of 18 year old college students have...

Best of 2018...Most Engaging Blog Posts

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Jan 01, 2019
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Personal Finance, Credit Cards, Cryptocurrencies, Behavioral Finance, Policy, Paying for College
Happy New Year! Continuing the "Best of 2018" theme, I wanted to share with you the blog posts that engaged readers the most in 2018. To measure engagement I focused on two factors. I looked for pages that attracted hundreds of visitors and had the highest average time spent per page. Time spent on the page was a good indication that educators/students read the blog post in its entirety and engaged in the mini-activity described in it. For those new to NGPF, several of the posts below are...

FinCap Friday: Do We Have Your Interest Yet?

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Dec 20, 2018
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FinCap Fridays, Savings, Credit Cards, Student Loans, Stocks
The Federal Reserve hiked interest rates earlier this week which provided an awesome opportunity for a FinCap Friday focused on that event. How do the decisions of this august body percolate through the economy? Check out this FinCap Friday including Yanely's awesome explainer video to learn more:  --------------------------- Looking for more FinCap Fridays? There's more where this came from! Check out the other seventeen here. ...

NGPF Podcast: Tim Talks To Enterprising Educator Nick Murja of Palo Duro High School (Amarillo, TX)

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Dec 14, 2018
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Podcasts, Teaching Strategies, Tips for Teachers, Credit Cards
Nick Murja’s odyssey to achieving a debt-free life started when a sudden epiphany led him to change the way he viewed money. He doubled down and saved, invested wisely, and even started his own handful of side hustles in order to reach his goal. He publicly announced his progress towards his goal which engaged his students even more! Now this Palo Duro High School teacher is on another mission: teaching his students the financial lessons he wished he knew when he was their age. Enjoy!...

Question of the Day: 2/3 of Gen Z practice this good credit card habit. What is it?

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Dec 04, 2018
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Credit Cards, Question of the Day
Answer: Pay off their credit card balance in full every month Questions: Why is it a good idea to pay off your credit card bill in full every month? Why do you think that so many cardholders struggle to do this? How can you establish this habit of paying off your credit card in full every month? Be specific. Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NerdWallet): The oldest members of “Generation...

FinCap Friday: Tappity-Tap!

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Nov 29, 2018
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FinCap Fridays, Current Events, Credit Cards, Payment Types, Debit Cards
More and more people opt into using mobile payments because of the speed and ease of transacting, but now Chase and VISA are jumping on the opportunity to offer a faster and easier way to make payments! In this week's segment, we take a closer look at contactless payments, also known as "tap to pay." Click the image below for the slides.   ---------  Be sure to check out more FinCap Fridays here. ...

Chart of the Week: Digital Wallets

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Nov 28, 2018
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Chart of the Week, Payment Types, Current Events, Debit Cards, Credit Cards
This chart comes courtesy of Wall Street Journal (sub. required): Questions: In your own words, what's a digital wallet? Here's a description from Investopedia.  Which companies listed in the chart are you familiar with? Would you trust them to store your debit/credit card information?  Digital wallets now comprise about 1% of U.S. card transactions. What do you think that percentage will be in five years?  What do you think is the appeal of a digital wallet to consumers? to...

Question of the Day: How many payment transactions does a consumer make in a typical month?

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Nov 26, 2018
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Payment Types, Question of the Day, Credit Cards, Debit Cards, Checking Accounts
Answer: 70 Questions: How many payment transactions do you make in a typical month?  What are the various ways that you pay for things? List them from most to least popular.  How do you keep track of your payment transactions?  How do you think the way you pay for things might change as you get older?  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 CBInsights):...

10 Money Milestones For Parents Who Want to Teach Their Kids About Money

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Nov 14, 2018
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Parent Conversations, Credit Cards, Paying for College, Career, Checking Accounts, Stocks
I often hear this question from friends and family, "How can I teach my kids about money?" While we developed our website and resources with a classroom teacher in mind, they work well at home too. I think milestones present great opportunities for this learning to take place between parent/guardian and child.  Here are ten money milestones in the life of a teenager with a link to a favorite NGPF resource (or two) that can help kids "learn by doing."  Opening a bank account Fine...

What have been the top 10 NGPF Questions of the Day?

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Nov 12, 2018
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Question of the Day, Insurance, Budgeting, Career, Credit Cards, Paying for College
A little over a year ago, we made the fateful decision to produce a new Question of the Day for every day during the school year. Over 250 questions later, we're still going strong. I thought it would be fun to go back and see what questions garnered the most pageviews to try and tease out some themes. Announcing NGPF's top 10 Questions of the Day since October 15, 2017: 10. What's the average lifespan of a toy fad? 9, What color car is more costly to insure: red or black? 8. What are teens...

Chart of the Week: How do banks react to increases in interest rates? (Hint: You don't want to be a borrower!)

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Oct 09, 2018
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Savings, Credit Cards, Chart of the Week
I have noted this trend before but to see it all on one graph makes it even more powerful. As the Federal Reserve has increased the Federal Funds rate target, the cost of borrowing has risen in lockstep while interest earned from savings accounts still hovers close to zero. In other words, costs to borrow typically have variable rates which automatically adjust upwards in a rising interest rate environment while interest on savings accounts are extremely slow to adjust upwards as banks seek to...

Question of the Day: What percent of 13-17 year olds have a credit card?

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Sep 26, 2018
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Question of the Day, Credit Cards, Research, Parent Conversations
Answer: 19% Questions: Did you know that you could get a credit card as a teen? What do you think "an authorized user on a parent/guardian's account" means?  Do you think it is a good idea for a teen to have a credit card? Why or why not?  What arguments could you make/did you make to your parents to become an authorized user on their account? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (TransUnion...

Chart of the Week: Credit Profiles for 18-22 Year Olds

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Sep 12, 2018
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Chart of the Week, Credit Cards, Student Loans, Behavioral Finance
I love this chart from a recent Wall Street Journal article because it captures the state of credit for young people just getting started in building their credit history:    Questions: What credit type is most prevalent among 18-22 year olds? 23-29 year olds?  Which type of loan has the highest balance for 18-22 year olds? 23-29 year olds?  At what age do you think you will have the following: Credit card Retail store card Auto loan Student loan Which type of...

Question: What is #1 reason that people give for paying their credit card bill late?

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Sep 05, 2018
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Question of the Day, Credit Cards, Behavioral Finance
Answer: I forgot to make the payment Questions: Why do you think that so many people forget to pay their credit card bill?  What do you think are some of the consequences of not paying your bill on time?  What are steps that you can take so you are not one of those "forgetful" people who don't pay their bills on time?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NerdWallet):...

Question of the Day: How long does it take to establish a credit history?

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Aug 26, 2018
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Credit Cards, Credit Scores, Question of the Day, Research
Answer: 3-6 months Questions: What questions would you ask a stranger who wanted to borrow money from you?  Those questions match up well with what is captured in a credit report.  In your own words, what do you think a credit history is?  Why do you think it might be important? Who might be interested in your credit history?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers...