Category: Financial Literacy

Reading List for May 18-19

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May 17, 2019
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Financial Literacy, Economics, Investing, Parent Conversations, Career, Current Events
Financial Literacy New GFLEC study was released and teachers support mandated personal finance. (PRN Newswire) Tony Isola gives his take on the likely success (or lack of it) of mandated personal finance classes. The issue is not with the concept or the teachers…it is more about the structure of schools. Education/Higher Ed The Higher Ed headlines move from Varsity Blues to SATs new score. An “Adversity Score” being added to SAT scores. The student won’t know what...

NGPF Fellows: Personal Finance Student of the Year Award

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May 17, 2019
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Financial Literacy, NGPF Fellows
To acknowledge the efforts that teachers put into their classes, NGPF Fellows have the option to award a 'Personal Finance Student of the Year Award' to one student with outstanding contributions in their personal finance class. The Fellow selects a student based on the following criteria: The student has taken the Fellow's personal finance class in the 2018-2019 school year The student has demonstrated outstanding performance in the class based on their participation, academic...

Why we need financial education: Students underestimate power of compound interest and think savings accounts earn the highest returns

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May 08, 2019
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Compound Interest, Investing, Financial Literacy
The answers to these two questions from a recent workshop are a great demonstration of the need for financial education: When asked which of these investments would earn the highest returns, the most common answer was....Savings Accounts and 34% got the right answer:  When asked the question about how $1,000 growing at 7% annually would grow over 40 years (I read the question and emphasized ANNUALLY several times as Kahoot limits the characters in the question)....23 skipped the...

Reading List for April 27-28

Apr 26, 2019
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Financial Literacy, Paying for College, Career, Payment Types, Investing, Economics
Financial literacy   Interesting data/graphs in this piece from pymnts.com on Americans’ inability to save money and how they manage their bills and debt. (Forbes) lists the six things high school graduates should have access before moving on in life….and yes, financial education is #1. Could early financial education lead to higher earning? (Benzinga) There are great anecdotes in this piece about not making your personal finance lessons (books, blogs, etc.) too...

Reading List for a holiday weekend (April 20-21)

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Apr 19, 2019
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Financial Literacy, Career, Investing, Behavioral Finance, Payment Types, Retirement, Current Events
Financial Literacy NGPF is in this list of quality free curriculum (and training) for personal finance teachers—no excuse for not being prepared!(Marketwatch) Need some inspiration this weekend? Read this Marketwatch piece about Troy Murphy’s pursuit of spreading financial literacy. NGPF fellow Kerri Herrild’s Giving Project and Daniel LaSalle’s Philly Financial Cooperative are the beneficiaries of Troy’s work. Then listen to the podcasts Tim has done with all...

Reading List for April 13-14

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Apr 12, 2019
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Financial Literacy, Investing, Payment Types, Career, Cryptocurrencies, Current Events
Financial Literacy Our second list of Financial Literacy Month includes some extra articles on the topic. An interview with the CEO of Chase Consumer Banking highlights her passion for financial literacy. (NYT) Annamaria Lusardi presents data/research on why financial literacy matters. (CNBC) Along similar lines, the St. Louis Fed discusses what financial literacy is. (St. Louis Fed) MarketWatch republished one of Jonathan Clement’s Humble Dollar posts with the 45 steps to having a...

Reading List for April 6-7

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Apr 05, 2019
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Financial Literacy, Current Events, Economics, Investing, Paying for College, Insurance
The list is a bit longer today--perhaps more good stuff is popping up during Financial Literacy Month.  In any case, there should be something for everyone here!  Financial Literacy Month CNBC to recognize Financial Literacy Month with special coverage all month.(CNBC) This was today’s CNBC post, crediting you wonderful finlit warriors for helping your students avoid payday lenders!   How much financial education is enough? (Cincinnati.com) What men can learn from the way...

Reading List for March 23-24

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Mar 22, 2019
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Financial Literacy, Credit Cards, Investing, Taxes, Economics, Identity Theft, Paying for College
Financial Literacy We all know that April is Financial Literacy Month. Forbes will publish this piece on why financial wellness matters. Earlier this month, Forbes also published an article on how Financial Literacy keeps athletes from going broke. Keep the articles coming, Forbes!!! April may be a good time for everyone to do a little financial health checkup. Here is a refresher on limiting potential impact of identity theft. (USA Today) Economics  The Federal Reserve announced no...

Reading List for March 16-17

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Mar 15, 2019
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Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading! Higher Ed The story of the week has to be this one about the college entrance bribery. (WAPO) (Inside Higher Ed) While we are on the subject, this next article highlights the class differences in the college experience as poor kids tell rich colleges what they are experiencing. (EdSurge) And most people are surprised to learn how low the college completion rate is: (NPR) Student Loan Hero surveyed 1000 people across all generations about their debt. One...

Reading List for March 9-10

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Mar 08, 2019
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Personal Finance, Investing, Financial Literacy, Economics, Employment, Career
Personal Finance Interesting news here: Philadelphia just banned “cashless” stores.   Will any other cities follow? This could spark an interesting discussion. The WSJ article includes graphical representation of who spends cash and when. (WSJ)(NPR) This blog summarizes highlights from this month’s WSJ Journal Report on Investing in Funds and ETFs. One key article answers the top six questions about 529 plans. (WSJ) Investing More about Lyft’s IPO and how...

Using Correspondence From Former Students to Inspire and Motivate Your Current Students

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Mar 05, 2019
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NGPF Fellows, Behavioral Finance, Financial Literacy, Teaching Strategies
The following blog post comes courtesy of NGPF Fellow, Patrick Kubeny, of Rhinelander High School in Rhinelander, WI. --- If you are looking for ways to motivate and inspire your current students to actually implement some of the financial strategies you are teaching in your classes, try using some correspondence from some of your former students--IT WORKS! I received the following email from a former student and shared it with my personal finance classes:   Hello Mr. Kubeny (Coach K!):...

Reading List for February 23-24

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Feb 22, 2019
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Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
  Financial Literacy “Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!! Budgeting The costs of being a woman: Why women end up with less money. (Beth Kobliner) Investing An interesting series of charts from Visual Capitalist shows where the breakdown of investments in 2018 Lyft has not become a verb like “Uber” has, but it looks like they will beat Uber with its IPO. (CNBC) Paying for...

Thank You!: NGPF By the Numbers in 2018

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Feb 19, 2019
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Advocacy, Personal Finance, Financial Literacy
Thanks to Christian for pulling together an awesome infographic to capture the various ways that the community of personal finance educators used NGPF in 2018. As many of you know, 2018 represented a year where many in the community discovered NGPF for the first time. Thanks to all who have recommended our resources or professional development activities to their colleagues as "word of mouth" was the #1 way that teachers found us last year. By spreading the word about NGPF, you brought more than...

NGPF Podcast: Tim Talks to Social Entrepreneur Marcy Reyes of the Financial Literacy Youth Initiative (FLY)

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Feb 15, 2019
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Podcasts, Financial Literacy
Driven to serve others by educating them to become financially capable, Marcy Reyes has found several ways to accomplish this mission. She teaches at Rhode Island College while also leading a non-profit that she founded to support high school students. Oh, all this while holding down a full-time job with a health insurer. She is clearly someone motivated to serve others by teaching them valuable skills about managing their money. In this podcast, you will hear Marcy share her story and the...

Reading List for January 26-27

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Jan 25, 2019
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Financial Literacy, Personal Finance, Student Loans, Career, Parent Conversations
Financial Literacy In case you missed this broadcast Tuesday, NPR’s The 1A included a segment on financial literacy education featuring NGPF’s Jessica Endlich, John Pelletier of the Center for Financial Literacy at Champlain College, and Laura Levine of Jump$tart. Here is discussion of the increasing number of states requiring financial education, including a link to the Champlain College Financial Literacy Report Card. (Governing) Personal Finance Even doctors have a side...