Jan 10, 2020
Credit Scores, Podcasts
Everything you ever wanted to learn about credit scores and more. Discover the myths, the realities and ways that you can improve your credit score in this informative podcast with Demetria Gallegos of the Wall Street Journal. Enjoy!
1:28~6:10 Utilizing a Roth IRA
6:10~9:05 Learning about money growing up
9:05~11:47 Financial lessons learned from raising children
11:47~14:14 Myths about credit scores
14:14~15:08 Using a secured credit card...
Jan 08, 2020
Credit Scores, Question of the Day, Credit Cards
Answer: 224 points (from 599 to 375)
Explanation: Your score sank 224 points. A credit card in collections means your credit score is now in the high-300s.
Why do you think not paying your credit card bill for months has such a big impact on someone who is new to credit?
What do you think are the reasons that people can’t pay their credit card bills? Identify at least 3 reasons.
What are strategies you can come up with to make sure that you are always in a...
Dec 25, 2019
Question of the Day, Behavioral Finance, Budgeting, Credit Cards, Credit Scores, Current Events, Investing, New Products
If you receive our daily blog updates, you know that we produce a Question of the Day every Mon-Thursday during the school year..which amounts to about 160 questions. Here are the 10 questions that garnered the most pageviews in 2019. See how many you can answer correctly:
What's the average credit score needed to rent an apartment?
What percent of people age 75 and older are still working?
What percent of U.S. millionaires are professional athletes?
What percent of 18-34 year olds are...
Dec 20, 2019
Podcasts, Credit Reports, Credit Scores
If you want to learn about credit scores and credit reports, there is no better teacher than Rod Griffin of Experian. Attend this webinar and you will learn how credit scores are determined, the educational tools available on the Experian website and recent changes that are helping to boost scores in certain situations. Enjoy!
0:57~3:41 Rod’s role at Experian and the importance of teaching personal finance
3:41~4:59 The increase in ways for...
Dec 20, 2019
Personal Finance, Budgeting, Credit Scores, Investing, Paying for College, Taxes, Retirement
Many of the articles this week have a common theme: reflecting on the 2010’s as the decade comes to a close. Wishing you all a joyful holiday season and hope you enjoy your well-deserved break!
Do you think the Social Security Administration should mail out statements annually, or let people log on and check themselves? (WAPO)
Time again for New Years Resolutions: Here is a list from AICPA of 20 things you should consider doing to keep your financial life in order....
Nov 20, 2019
Chart of the Week, Credit Cards, Credit Scores
Definitely some surprises here...
From Experian, State of Credit Cards:
Those with _______________ credit scores have the highest credit card balances while those with ______________ credit scores have the lowest credit card balances.
What has been the overall trend with credit card balances for all credit scores since 2011?
Do you think that taking out more credit on a credit card is a sign of consumer optimism or pessimism?
Nov 18, 2019
Credit Scores, Activities
This activity was adapted from a recent WSJ article (sub. required) about credit scores. The activity takes students through scenarios and students predict how each one will impact their credit score. What becomes evident quickly is that for consumers with limited credit histories, early missteps can have a dramatic negative impact on credit scores.
Nov 10, 2019
Question of the Day, Credit Scores, Research
Answer: 131 points (from 599 to 468)
Explanation: Your score sank 131 points. As someone who is new to credit, you have the most to lose from a missed payment. This mistake will move you from Fair to Poor and make future credit more costly or more difficult to obtain.
Why do you think a late payment has such a big impact on someone who is new to credit?
What do you think are the reasons that people make late payments on their credit card? Identify at least 3 reasons.
Oct 25, 2019
Investing, Financial Literacy, Economics, Credit Cards, Credit Scores, Career
We will start this week’s list with this mind-blowing headline: “Tesla overtake GM as most valuable automaker.” (Reuters)
Comparing today’s IPO environment (the “Not-Com Bubble?”) to the “dot-com” bubble of 2000. (The Atlantic)
A look at programs that bring experiential, hands-on learning about money into the classroom. (Reuters)
The New York Times reviews three of the most popular personal finance books....
Oct 16, 2019
Question of the Day, Credit Cards, Credit Scores, Research
Hat tip to Beth Tallman for sharing this press release that led to this question of the day.
Credit Scores (59%)
Instagram followers (48%)
YouTube followers (40%)
Here's the complete results:
Why is it important to increase your credit score?
Looking at the list in the chart above, which of these ratings/scores will have a financial impact?
Why do you think that so many people would place higher value on increasing their social media likes...
Sep 12, 2019
Credit Cards, Credit Scores, Investing
Infographics to start the school year
PRINTABLE INFOGRAPHICS FOR 2019-20
NGPF has partnered with Visual Capitalist to bring you a series of infographics explaining key topics in personal finance. Each one delivers personal finance concepts in a compelling way, including text to read, graphs to interpret and questions to answer. Hang these in your classroom to reinforce student...
Sep 03, 2019
Question of the Day, Behavioral Finance, Credit Scores, Mortgages
Answer: The partner with the lower score
How do you think having different credit scores can affect a relationship?
How would you feel…
being the only spouse listed on the mortgage (the home loan) because of a high credit score
being the spouse left off the mortgage because of a low credit score
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Zillow):
Jul 15, 2019
Credit Reports, Credit Scores
More data, more control
Far and away the biggest development in the area of credit reporting and credit scores so far in 2019 has been the introduction of a new program from Experian, and the announcement of another one from Fair Isaac Corporation. Both programs incorporate a broader array of metrics to give a clearer picture of a person’s default risk. Interestingly, the two companies are using the same “financial data access and insights “company, Finicity, to drive the...
Jun 14, 2019
Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
Here is a fun one! Take a look at these wacky job titles. It might be fun to have your students guess what each one might mean! (Indeed.com)
Forbes provides another list – this time it is the best employer in each state. Can you guess the best employer for your state? (Forbes)
This article explains how smart use of a secured credit card can help you build or boost your credit score. Now Amazon is getting into this game. (NYT)
"The Financial Health Network...
Jun 09, 2019
Interactive, Credit Cards, Credit Scores
Thanks to Brian Page for finding this interactive and developing this set of reflection questions to accompany it.
Interactive: Up My Score: Million Dollar Challenge
Adobe Flash Player is required
There are four skill levels players should play in order: Clueless, Consumer, Expert, UpMyScore Guru
Each level requires the player to respond correctly to 15 questions
As you can see from the question dashboard:
The player has 120 seconds to answer each question
The player chooses from...