Category: Credit Cards

For Your Listening Pleasure, The Top 10 NGPF Podcasts

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Jul 25, 2017
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Podcasts, Credit Scores, Credit Cards, Index Funds, Investing, Mutual Funds, Current Events, Credit Reports, Featured Teachers, Entrepreneurship
The NGPF Podcast started almost two years ago (and almost 100 podcast segments later) allowed me to “scratch my own itch.” To anyone who knows me, I love talking finance and since I was young I was always told that I had a voice (and a face) for radio. I thought why not try this “podcasting thing” and see what happens. My thinking was “How much fun would it be to reach out to interesting people, including educators, researchers, columnists, finance experts, authors,...

What is Your Favorite NGPF Resource? We Asked 12 Educators at NGPF Summer Institute And...

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Jul 17, 2017
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Activities, Credit Scores, Activity, Credit Cards, Investing, Stocks, Credit Reports, Generosity, compound interest
here is what they said. Day 1 of our July Summer Institute and we wanted to share with the community the top picks of these outstanding educators. But first, we asked them to explain a few things about this resource. Click on the link listed under Picture of Poster for educator answers to questions about their favorite resource, including: Why is this your favorite? What modifications (if any) did you make? How did the resource work in your classroom? What other feedback would you like to...

Another Step Towards A Cashless Society...

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Jul 12, 2017
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Payment Types, Credit Cards, Debit Cards, Current Events
VISA providing incentives to small business owners to NOT accept cash. From Denver Post: For years, mom-and-pop shops and food trucks alike have shuddered at the expense of credit card transactions. It’s not uncommon, for example, for small businesses to have minimum dollar amounts for card purchases. Some still don’t accept them at all or gently inform customers they prefer cash. Credit-card behemoth Visa launched a campaign to change that Wednesday. The campaign to go cashless — or the...

What Are People Reading on the NGPF Blog?

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Jun 26, 2017
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Behavioral Finance, Credit Cards, Investing, Savings, Checking Accounts, Current Events, Quizzes, compound interest, Cryptocurrencies, Retirement
Getting close to the end of June, so I thought it was worth checking our website analytics to see what new blog posts are garnering attention as the school year wound down in many parts of the country. Here are the top 5: What is Bitcoin and How Does Cryptocurrency Work?: A Primer; NGPF’s newest team member, Hari Vasu-Devan tackled this challenging topic by providing educators with information they can access when the inevitable student query comes, “Should I be investing in...

NGPF Podcast: Tim Talks To Marla Blow, CEO of FS Card, Inc.

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Jun 25, 2017
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Credit Cards, Credit Scores, New Products, Podcasts
I really enjoyed the recent conversation I had with Marla Blow who is not your typical credit card executive. She runs a start-up credit card company (FS Card, Inc.) focused on helping subprime customers get their “sea legs” to establish a positive credit history.  In a sense, she has been preparing for this role for her entire career. You will hear about her odyssey from modeling losses in credit card portfolios during  the Great Recession to signing on as an early team...

Article: What Can $15,001 Of American Girl Purchases Teach Us About Credit Card Fraud?

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Jun 20, 2017
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Identity Theft, Research, Credit Cards, Current Events, Article
This is how it all began, innocently enough (from MarketWatch; 7 minute read): I was at my desk the other day when my phone buzzed out a warning: My credit card had just been charged $1. No such dollar had been spent by me, but I didn’t think much of the notification. Typically, such unexpected charges have perfectly legitimate explanations given my various subscriptions and recurring monthly charges, all of which come at different and unexpected times. How does a $1 charge turn into $15,000...

Quiz: How Well Do You Know Credit Cards?

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Jun 19, 2017
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Credit Cards, Credit Scores, Current Events, Credit Reports, Quizzes, Interactive
Hat tip to Jessica for the heads-up on this resource (yes, the NGPF team does spend hundreds of hours looking for great resources!) Take this NerdWallet 14 question quiz and find out. Please note that there are some tricky questions here that will lead to valuable classroom discussions (I learned some new things): ____________ Want to build your credit card knowledge that can help in your own financial lives? Listen to Sean McQuay of NerdWallet on this NGPF podcast.   ...

What I'm Reading This Week (ending June 9th)

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Jun 09, 2017
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Current Events, Behavioral Finance, Career, Paying for College, Research, Credit Cards, Article
What are the ramifications of an aging population around the world (Visual Capitalist infographic)? Among other elements, it has neat map showing percentage of population in each state over the age of 65:  Hat tip to Hari (newest NGPF team member) for pointing out this article and interactive about robots taking over the workplace (Daily Mail): Researchers have warned that millions of human workers will be replaced by robots over the next few...

Teacher Feedback on our Credit Units -- Thanks, Maureen!

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Jun 01, 2017
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Credit Cards, Credit Scores, Video Resource, Credit Reports, Featured NGPF Lesson, NGPF Fellows
NGPF Fellow Maureen Neuner is consistently in touch with us here at NGPF, which we love love love! Her most recent feedback seemed worth sharing, as it might entice some of you to check out our credit units for use next year. Here’s Maureen’s email [with comments from Jessica in brackets]… Happy Friday! I just wanted to give you some feedback on the credit unit I just completed. Every year I feel like I redo my lessons for credit because there is so much information out there...

Question: What's the Average Credit Score in the U.S.?

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May 31, 2017
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Article, Credit Scores, Question of the Day, Research, Credit Cards, Current Events
Answer (from WSJ; subscription): 700 as of April, 2017 More from WSJ: Credit scores for U.S. consumers reached a record high this spring while the share of Americans deemed to be some of the riskiest borrowers hit a record low—a potential boon for lending and economic activity.” As for the reasons why credit scores continue to climb: Bankruptcies and foreclosures stemming from the Great Recession are being wiped off the books (from Pymnts.com): “What’s more, the recession and...

NGPF Podcast: Tim Talks To Teacher-Innovator Tara Kelley of Harwood Union HS (Vermont)

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May 30, 2017
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Credit Cards, Payment Types, Teaching Strategies, Math, Featured Teachers, Podcasts
I had a great conversation recently with NGPF Teacher Innovator Award winner, Tara Kelley, a math teacher from Harwood Union High School in Duxbury, Vermont. Tara created a Spring Break Project (who doesn’t want to plan a spring break vacation?) which allowed her students to explore the cost of using a credit card to pay for their Spring Break vacation. They learned through this activity the impact that changing their monthly credit card payments has on the total interest paid as well...

What I'm Reading This Memorial Day Weekend

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May 26, 2017
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Credit Cards, Behavioral Finance, Index Funds, Debit Cards, Current Events
I love long weekends to catch up on some reading, here’s what has my attention this week: The Other Difference Between Jeans and Mutual Funds (Bloomberg); identifies reasons for Vanguard’s recent domination of the mutual fund industry: “The majority of funds are actively managed and 80 percent or more of them routinely fail to beat their benchmarks net of fees. Clearly, there’s an incredibly low probability that investors will get what they’re paying for. That realization...

Chart: How Has Household Debt Grown Since the Great Recession?

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May 22, 2017
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Chart of the Week, Credit Cards, Current Events
The answer might surprise you: Questions: Which type of lending saw the biggest drop during the Great Recession which began in 2008-09? What do you think led to this downturn? Which form of lending saw the biggest increase during the Great Recession?  How much did it increase? Why do you think it rose so much? What is the chart measuring on the Y axis? A friend says the following about the chart: “People are now borrowing more overall in 2017, then they did in 2008.” Do you agree...

Ask Reddit: What's the Best Way To Build Credit?

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Apr 26, 2017
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Credit Scores, Question of the Day, Research, Credit Cards, Current Events
An important skill for students to build is the ability to critically analyze any form of media (articles, videos, reader comments or even friends and family) that they rely upon for financial advice. Forums such as Bogleheads can be a useful place to find financial advice but still requires a critical eye to separate the signal from the noise. I came across this question on Reddit (“Just turned 18, What is the best way to start building credit) that had a manageable number of responses....

What Are We Watching? Three Of Our Latest Curated Videos

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Apr 18, 2017
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Checking Accounts, Research, Credit Cards, Savings, Debit Cards, Payment Types, Teaching Strategies
The NGPF Team is always scouring the web for videos to add to our Video Library. Here are the latest that the team has uncovered: Pay Day 101: Direct Deposit (from Young Illinois Saves), duration of 3:48, provides a good description of how direct deposit works from the perspective of young adults: Questions: In your own words, what is Direct Deposit? How can you set up Direct Deposit? Is Direct Deposit safe? What are the benefits? Which of the benefits of Direct Deposit means the most to you? ...

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