Nov 02, 2017
Credit Scores, Current Events, Research, Credit Reports, Question of the Day
Answer (from credit.org infographic): Over $10,000 ($10,896 to be exact)
Methodology: Excellent credit score paid interest of $2,113 on a $25,000 auto loan while a Poor credit score paid interest of $13,009 on that same loan.
Thanks to NGPF Fellow, Diane Mondoro for highlighting this awesome infographic which is chock full of information. It does the best job I have ever seen at answering the question about the value of a good credit score by showing how interest rates vary by credit...
Oct 12, 2017
Entrepreneurship, Credit Reports, Career, Parent Conversations, Paying for College
Here are some NGPF Blog posts (both old and new) that are trending based on pageviews:
How Can My Students/Children Under the Age of 18 Check Their Credit Report?
Why Are Soft Skills So Important in the Workplace?
Let's Pick A Side Hustle
One Strategy To Keep College Costs Down: Graduate in 4 Years!
Blog posts categorized as "Parent Conversations"
Sep 11, 2017
Current Events, Credit Scores, Credit Reports, Identity Theft
You can't imagine a more enticing target to hack than one of the three credit reporting agencies. As you have no doubt heard at this point, over 1/2 of America has had the "crown jewels" of their financial history stolen. This will be a story that will unfold over months not days as Congress is sure to haul executives up to the Hill for hearings to learn a few things from company executives including:
Why did it take months for the company to let the public know about this hack?
Why did the...
Sep 04, 2017
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...
Jul 25, 2017
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,...
Jul 17, 2017
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...
Jun 19, 2017
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.
Jun 01, 2017
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...
Apr 07, 2017
Behavioral Finance, Credit Scores, Career, Research, New Products, Current Events, Chart of the Week, Credit Reports, Math
Tesla now worth more than Ford but their valuation depends on hitting aggressive sales targets for Model 3 (Economist)
But Tesla is going to have to crank production up by an awful lot more to make the 500,000 cars a year which Mr Musk wants to see pouring off the production line by 2018, let alone the 1m intended for just two years later. To reach those volumes, Tesla is counting on its forthcoming Model 3. Priced at around $35,000, the new car will cost around half that of the other two...
Mar 31, 2017
Article, Credit Scores, Career, Paying for College, Question of the Day, Research, Credit Cards, Investing, Student Loans, Current Events, Credit Reports
Here’s a weekly round-up of articles that caught my attention this week that I thought you would find interesting:
Want to find out what it feels like to own a volatile stock? Find out how this investor got emotional by making a $3 trade in this MarketWatch article, “I drove myself crazy by investing $3 in the stock market.”
“Turns out, it doesn’t cost much to drive yourself batty over your investments. For the past week, ever since I broke one of my cardinal...
Mar 28, 2017
Activities, Credit Scores, Career, Paying for College, Research, Budgeting, Credit Cards, Identity Theft, Personal Finance, Investing, Mutual Funds, Savings, WebQuest, Financial Literacy, Student Loans, Checking Accounts, Debit Cards, Payment Types, Stocks, Current Events, Insurance, Video Resource, Case Study, Credit Reports, Employment, Quizzes, Entrepreneurship
What does a distinguished professor do during her sabbatical? Curate personal finance resources, of course! In this blog post, Barbara O’Neill shares the fruits of her hundreds of hours of labor in putting together three awesome resource lists (see bottom of post for links to her lists), including what what she considered the “best of the best” from the NGPF library. As she describes below, the purpose of her odyssey was to replenish her “well” of creative...
Mar 14, 2017
Credit Reports, Credit Scores, Policy, Research, Current Events, Video Resource
Here are a few new developments that we are tracking:
Consumers are about to benefit from changes afoot with credit reports (From WSJ [subscription] with hat tip to NGPF Team member, Sonia):
Many tax liens and civil judgments soon will be taken off people’s credit reports, the latest move to omit negative information from the powerful financial scorecards.
The decision by the three major credit-reporting firms— Equifax Inc., Experian PLC and TransUnion—could help boost credit scores for...
Mar 14, 2017
Podcasts, Credit Scores, Credit Cards, Investing, Credit Reports
Looking for a great opportunity to deepen your knowledge on a topic that has been vexing you for weeks, months or maybe even years? Well, the NGPF podcast is a great place to turn. I interview experts including educators, NY Times bestselling authors, columnists at leading newspapers, researchers and academics. I thought I would share with you our top 10 podcasts over the past 12 months, based on data from Soundcloud:
Author Allan Roth
Author Jonathan Clements
Author Helaine Olen
Mar 02, 2017
Chart of the Week, Credit Scores, Question of the Day, Research, Credit Cards, WebQuest, Current Events, Credit Reports
Answer (from ID Analytics report): 72%
Questions for students:
Why do you think 18-22 year olds aren’t able to access credit?
May not be familiar with CARD Act which requires those under 21 to have a co-signer or independent source of income to apply for a credit card.
Lack of experience with credit leads to low credit scores
Bad experience with credit may be another reason for low credit score
When do you think you will apply for credit for the first time? For what purpose?
Feb 14, 2017
Credit Reports, Credit Scores, Advertising, Current Events
I saw this paid ad during a Google Search this evening:
Hmmm…so what caught my eye? The “Purchase 3 Bureau Reports.” Many of you are probably wondering “Why purchase these reports when you can get credit reports from each of the three bureaus for FREE at annualcreditreport.com? ” and “Why would you want to buy them at the same time?” A best practice is to space out your FREE credit reports from the three credit bureaus every four months so you can be...