Apr 01, 2020
Question of the Day, Purchase Decisions, Current Events
Which of these items has your family been buying this month?
How would you categorize these ten items into different groups?
How do you think the popularity of these items has affected their price? Do you think the cost has gone up or down?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Time):
Nielsen’s data shows that last week, Americans bought an unusually large amount of...
Apr 01, 2020
EdPuzzle Thursday, Current Events
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.
This week's videos, from Two Cents, are related to COVID-19.
In the first EdPuzzle video, your students will learn the impact this pandemic has had on the stock market and tips when investing in a bear market.
Mar 29, 2020
Question of the Day, Behavioral Finance, Current Events
Hat tip to Beth Tallman for this question idea! Thank you for all of the informative articles in your weekend reading list too!
Motivated by three factors:
The possibility of banks shutting down
The convenience of having cash during emergencies
The desire to ensure access to funds
How are accountholders protected if banks fail?
Are there any other reasons you can think of that might explain this behavior?
What are the risks of holding lots of cash at...
Mar 27, 2020
Current Events, Economics, Investing, Student Loans, Budgeting
Coronavirus Pandemic coverage this week includes articles on the soon-to-be stimulus bill, actions by the Federal Reserve, unemployment statistics, the stock market volatility, and potential implications for student loans.
What is in it, and what is not. The NYT provides the answers with an FAQ.
Will you qualify to a direct payment? (WaPo) provides a calculator for stimulus checks.
If you don’t need your stimulus check to pay bills, what should you do with it? Save it...
Mar 20, 2020
Current Events, Investing, Economics, Paying for College, Taxes
Dealing with our new reality—here are articles that you may find helpful.
USA Today came up with this article to help kids come to terms with what is going on.
The food supply is secure. No need to hoard groceries. While there will be shortages of some products as adjustments are made, like food that was going to restaurants will find its way to grocery channels, if anything, production is gearing up. (NYT)
Jean Chatsky has been on NBC news affiliates today with her financial advice for...
Mar 13, 2020
Current Events, Investing, Career, Taxes
The World Health Organization declares the Coronavirus is now a pandemic. This past week, we saw the worst day on Wall Street since 1987 on Thursday (NYT), and worst week since 2008. As I write this, markets are bouncing back, but the day isn't over yet.
Neil Irwin in his Upshot article explains the troubling phenomenon with this financial crisis: all asset classes are down. Listen to him on MarketPlace Morning report recapping the crazy week. (listen to the 3/13/20...
Mar 06, 2020
Current Events, Investing, Economics, Mortgages, Financial Literacy
This week's list is devoted predominantly to the wide-ranging impacts of the Coronavirus in addition to wild fluctuations in the stock market. (As predicted after last week's tumbling market, this isn't over yet.)
What should stock market investors do in this market? A Wealth of Common Sense suggests you ask yourself some questions to help figure that out.
Of Dollars and Data explains why now you will understand why you should invest in bonds.
10-year Treasuries dropped...
Feb 28, 2020
Investing, Stocks, Current Events, Paying for College, Financial Literacy, Retirement
Given the huge and rapid correction in the stock market this week, we start this week’s list with the “Investing” articles:
This is the fastest market “correction” in history, and we aren’t done yet. (Yahoo Finance)
"Is The Stock Market Going to Crash?" The Irrelevant Investor takes a deep dive for those of you that like numbers and stats and graphs to address this question.
WSJ-(subscription) columnist Jason Zweig reports on survey results...
Feb 21, 2020
Advocacy, Personal Finance, Current Events, Investing, Career, Mortgages
The West Virginia Senate considers two education bills: a financial education bill requiring a high school class, right alongside one reestablishing cursive writing in elementary school. (Bluefield Daily Telegraph)
Ever wonder what files you should keep and for how long? Michelle Singletary of the Washington Post explains how she used “Homefile: Financial Planning Organizer,” by certified financial planners J. Michael Martin and his wife Mary E....
Feb 11, 2020
Question of the Day, Savings, Current Events, Credit Cards
It is time once again to take a look at new data on this often quoted number, and put it in context.
(In fact, 12% is the critical figure here, representing those who can’t pay it at all: 27% would have to borrow or sell something to cover the expense.)
Are you surprised by this number? Why or why not?
What are some emergency expenses that could amount to $400?
How do you think the 39% cover this emergency cost if they don’t have money saved to cover it?
Feb 03, 2020
Question of the Day, Budgeting, Research, Current Events
Courtesy of Morning Brew (great daily newsletter to keep you in the loop with the world of finance!)
Chose activity that Americans did more often in the past year:
Go to a library // go to a movie theater
Visit a casino // visit a museum
Attend a live music or theatrical event // attend a live sporting event
Visit a zoo // visit an amusement or theme park
Going to a library
Visiting a casino
Attending a live music or theatrical event
Visiting an amusement or theme park...
Jan 24, 2020
Current Events, Credit Scores, Budgeting, Career, Investing, Retirement, Personal Finance
Current Events/Credit Scores
One of the biggest stories hitting this week and running through social media is news of the new FICO scoring criteria. (USA Today)
“Most consumers will see less than a 20-point swing in either direction,” David Shellenberger, FICO’s vice president, product management, scores, said in a statement on Thursday. “That’s roughly 110 million that will see only a modest change to scores, if at all.”
Many of you shared...
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 19, 2019
Credit Cards, Current Events, FinCap Friday
This week's FinCap Friday takes a look at the latest trend in borrowing for purchases that aren't big ticket items. Borrowing money to buy electronics, clothes and makeup is growing more and more common. Fintech companies are paying attention to the data that shows younger shoppers are trying to avoid debt, but still struggle to come up with enough money to make a full purchase up front. Enter: Installment Payment Plans. This is a new spin on layaway shopping and interestingly enough it allows...
Dec 08, 2019
Current Events, Research
Why do you think that TikTok has become so popular? What does it do better than other apps?
What would be the top 3 apps that you have used in 2019 in terms of screen time?
Since TikTok has become so popular, do you think that Facebook will try and copy their features? If so, do you think it will be successful?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.