Category: Credit Cards

Time for Some Levity: Cartoons About Credit Cards

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Oct 11, 2017
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Cartoons, Identity Theft, Credit Cards
Questions: What is the main point of the cartoon? How can a person protect themselves if their credit card number is stolen? Are consumers responsible for charges made on their cards that they didn't authorize?   Questions: What point is the cartoonist making? Who is the person "under the thumb?" Who is holding them down? What are the ways that credit cards can do this to consumers?  What are ways that consumers can avoid being "under the thumb" of card companies? Questions: ...

What's the Latest in Financial Education Research?

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Oct 03, 2017
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Article, Personal Finance, Credit Cards, Financial Literacy, Policy
We like to bring you the most current information relating to financial education. From elementary school to college and beyond, financial education is not only a necessity, but a fundamental topic that educates students and teachers alike on how they can financially prepare for their future. Here are six recent academic journal papers from George Washington University’s online Global Financial Literacy Excellence Center that you might find helpful in thinking about your instruction: ...

Financial Education Explained by Danielle: My Credit Card Experience

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Sep 27, 2017
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Article, Personal Finance, Credit Cards, Credit Scores
This is my debut article for my new weekly column, Financial Education Explained by Danielle. This weekly column will feature my personal finance triumphs and tribulations, and hopefully students will be able to learn something new that they'll be able to incorporate into their lives for the better!  ... I wish my parents would have sat me down when I was in high school and explained what credit cards entailed instead of telling me “not to worry about it” until I got older. By...

Infographic: What's the History of Consumer Credit? Or How Did We Go From $0 to $12.4 Trillion in Debts?

Sep 04, 2017
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Credit Scores, Credit Cards, Credit Reports
For those history buffs out there, I stumbled across the exhaustive infographic from Visual Capitalist (see below) that takes us all the way back to 3500 BC for the birth of consumer credit.  Questions for students: What was the purpose behind the first consumer loans? Why do you think this occupation needs access to credit? What was the level of the first maximum interest rates? How does that compare with interest rates on credit cards today? Why do you think there were higher...

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, Featured Teachers, Math, Teaching Strategies, Payment Types, 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...

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