Jan 17, 2019
FinCap Fridays, Checking Accounts, Current Events
In this FinCap Friday we chronicle the epic battle being waged between the well-established banks and the upstart FinTech competitors. Once a blip on the radar for the big banks, several of these emerging companies have earned unicorn status and are valued privately at more than $1billion. Why? Blame mobile phones, the comfort level that younger generations have with conducting business (including banking) online and the FinTech focus on creating a great UX (user experience) on their apps. Find...
Jan 06, 2019
Interactive, Taxes, Current Events
Thanks to Jessica, knee-deep in updating NGPF's Tax Unit the past few days, for passing along this excellent tax interactive from the National Priorities Project. Budgets are important. Why? One can tell a lot by analyzing them. They reflect a person, a company or, in this case, a country's priorities.
This interactive, Your Federal Income Tax Receipt, allows students to see the current federal priorities funded by their income taxes and the taxes paid by their parents/guardians. After...
Jan 04, 2019
Budgeting, FinCap Fridays, Financial Scams, Career, Current Events, Employment, Generosity
We added FinCap Fridays to our resources in mid-August. Teachers asked for a creative and engaging way to bring current events into their classroom and we listened. A 5-7 minute FinCap Friday kicks off with a 5 question Kahoot + Yanely's explanation of the current event and why it matters + a discussion prompt to keep the conversation going + additional activity ideas if you want your students to dig deeper. With over 50,000 student Kahoots played since its August launch, FinCap Fridays have...
Jan 03, 2019
Question of the Day, Career, Budgeting, Credit Cards, Employment, Current Events, Personal Finance
Questions of the day a.k.a. "bell-ringers" are a great way to get the conversation started about a money topic. What makes a good question of the day? It's relevant, timely and thought-provoking. Subscribe here and you will get a daily Question of the Day delivered to your inbox during the school year.
See how many of these top 10 QoD from 2018 you can answer:)
#`10: What 3 jobs are projected to be the fastest growing over the next decade?
#9: What percent of 18 year old college students have...
Dec 16, 2018
Question of the Day, Investing, Cryptocurrencies, Current Events
Bitcoin was once worth almost $20,000 and now it's hovering around $4,000. Any ideas on why the price has declined so much?
Do you know anyone who has invested in bitcoin?
Investors use the term "popping the bubble" in describing an asset that rises quickly and then drops sharply. Why do you think investors get so excited about certain assets like bitcoin while the bubble is inflating?
Here's the ready-to-go slides for this Question of...
Dec 13, 2018
Current Events, FinCap Fridays, Financial Scams
Know someone who was a victim of a holiday shopping scam? Millions of packages are expected to be delivered this holiday season by the UPS and scammers are ready to take action! This FinCap Friday will help your students spot some of the common holiday shopping scams and learn a few tips for how to avoid them!
Click the image below to access the full resource:
New to FinCap Fridays? They are a 5-7 minute resource to bring current events to your classroom in a way...
Dec 13, 2018
Checking Accounts, Current Events, Chart of the Week
...they might want to ask the banker "Are you sharing my fees with the college so every time I overdraw my account...my college benefits?"
Here's the data showing the average costs by bank:
During the 2016-2017 academic year, students using college-endorsed debit or prepaid accounts paid $27,600,000 in account fees, according to the report. And students tended to pay more fees when financial institutions paid their colleges to promote the accounts. That could...
Dec 08, 2018
Personal Finance, Behavioral Finance, Stocks, Current Events
I had so much fun skimming through my favorite bloggers and curators that I thought I would provide a bonus edition of "what I'm reading..."
Hat tip to the Tadas at Abnormal Returns and Barry at Big Picture Blog. They make curating these awesome articles on Friday soooooo much easier. Thanks!
Here's what caught my attention this week:
State of Financial Education
Bureau of Consumer Financial Protection (the agency formerly know as the CFPB) releases their Annual Report on...
Dec 06, 2018
FinCap Fridays, Budgeting, Current Events, Research
Have you seen those driverless cars in your neighborhood? If they are not there yet..they will be soon! This FinCap Friday is sure to engage your students as they learn about the technology behind autonomous vehicles and the ethical issues that will arise from their use.
Explore with your students whether this is a technology they will adopt quickly or will they take a "wait and see" approach. Will their generation have a different perspective on whether you need to "own a car." We'd love to...
Nov 29, 2018
FinCap Fridays, Current Events, Credit Cards, Payment Types, Debit Cards
More and more people opt into using mobile payments because of the speed and ease of transacting, but now Chase and VISA are jumping on the opportunity to offer a faster and easier way to make payments! In this week's segment, we take a closer look at contactless payments, also known as "tap to pay." Click the image below for the slides.
Be sure to check out more FinCap Fridays here. ...
Nov 28, 2018
Chart of the Week, Payment Types, Current Events, Debit Cards, Credit Cards
This chart comes courtesy of Wall Street Journal (sub. required):
In your own words, what's a digital wallet? Here's a description from Investopedia.
Which companies listed in the chart are you familiar with? Would you trust them to store your debit/credit card information?
Digital wallets now comprise about 1% of U.S. card transactions. What do you think that percentage will be in five years?
What do you think is the appeal of a digital wallet to consumers? to...
Nov 25, 2018
Question of the Day, Budgeting, Current Events
Answer: Online purchases grew by 23%; Sales at brick-and-mortar stores declined by 4-7%
Did you do any shopping on Black Friday? If so, did you visit stores or shop online?
Why do you think that more people are making online purchases? Do you think this trend will increase or decrease over time?
Do you have a budget for holiday shopping this year?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....
Nov 25, 2018
Interactive, Budgeting, Mortgages, Current Events, Research
Data visualization provides a county-by-county view on housing affordability. Here's the map of the U.S.:
First, a little orientation. The map is color-coded based on the calculation of median home value divided by the median household income. As an example, here's Crook County, Wyoming:
The higher the ratio, the lower the housing affordability. In terms of the color-coding, blue is more affordable while orange-red is least affordable.
What housing affordability trends...
Nov 23, 2018
Investing, Personal Finance, Parent Conversations, Current Events, Stocks
Hope you all enjoyed Thanksgiving! For those of you NOT involved in Black Friday Shopping, here is some light reading you might enjoy if you aren't up for football!
Tech stocks have taken a big hit in this “market correction.” There are some great graphical representations about tech stock market capitalization here. (WSJ)
Here is the Visual Capitalist Chart of the Week with a different view of FAANG stocks in the bear market.
What are Value Investors now thinking about...
Nov 18, 2018
Budgeting, Question of the Day, Current Events, Research
What has been the recent trend with the cost of a Thanksgiving dinner? On an inflation-adjusted basis?
What conclusion might you draw from this chart about food inflation over the past five years?
What are you thankful for this Thanksgiving season?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Farm Bureau):
The American Farm Bureau Federation’s...