Mar 20, 2019
Video Resource, Credit Cards, Financial Scams, Compound Interest, Investing, Stocks
I wanted to share some cool new videos that we have come across in our travels:
Three Psychological Tricks to Help You Save Money (TED Talks; 5 minutes); hat tip to Yanely for connecting us to Wendy; hope to have her on podcast in the future.
Backgrounder on the Payday Lending industry (PBS NewsHour; 4 minutes); good opportunity to discuss the financial pitfalls of payday lending, it's fee structure and the role of regulation in consumer protection.
Feb 18, 2019
Question of the Day, Financial Scams
Answer: Romance scams
I figured now that Valentine's Day was in the rearview mirror, we could show the dark side of romance.
Here's the chart:
Why do you think romance scams are so successful and growing so quickly?
Do you know anyone who has fallen for a romance scam?
What are steps that you can take to prevent falling prey to a romance scam?
Click here for the ready-to-go slides for this Question of the Day that you can use in your...
Feb 04, 2019
Just One Resource, Interactive, Math, Behavioral Finance, Student Loans, Mortgages, Financial Scams
In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] INTERACTIVE: Shady Sam
The Gist: Students play loan shark in this engaging game where they see loans from the perspective of a lender as they try to maximize their profits.
The Best Parts:
Students decide between three loan options for...
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
Video Resource, Budgeting, Behavioral Finance, Financial Scams, Mortgages, Paying for College
PBS Two Cents made a big splash on the scene in 2018. Philip Olson and Julia Lorenz-Olson create engaging videos that do a great job explaining personal finance concepts in ways that your students will understand. We added several of their videos to our video library and you can also hear their story on the NGPF Podcast.
I reached out to Philip today and he was kind enough to share the "top 5" videos he and Julia produced in 2018 (based on Facebook and YouTube views). Beth has also created...
Dec 17, 2018
Question of the Day, Identity Theft, Financial Scams, Budgeting
Answer: It's a tie, Online and in-store channels were hit equally.
Did the results surprise you? Explain.
What are ways that online shoppers can have their identity stolen? Do you know anyone who has been a victim?
Name at least three ways that you can protect yourself from identity theft.
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from PaymentsSource):
Mobile and e-commerce sales are...
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 07, 2018
Personal Finance, Retirement, Economics, Financial Scams
Two articles popped up on this topic this week based on a research paper by economists at the Fed: Millennials are bucking trends not because they don’t want the same things previous generations wanted, but because they can’t afford them. (WAPO) (The Atlantic)
Ever go into a fast food restaurant and find you can’t pay with cash? No problem, unless you don’t have a credit/debit card or smartphone. (NYT)
Financial scammers play on your emotions, among...
Nov 08, 2018
FinCap Fridays, Financial Scams, Identity Theft, Research
Have you noticed an increase in spam calls to your phone? We have too, which is why we decided to focus on it this week in our FinCap Friday segment. Not only are they annoying but they cost consumers billons every year. Yanely provides some sage advice on what to do when that spurious call comes in:
Did you know that more than $100,000 in cash prizes are available through NGPF's PAYBACK Challenge? Read the details here but please hurry as the deadline is just days away!...
Oct 10, 2018
Question of the Day, Financial Scams, Investing
Do you have family or friends who buy lottery tickets? How often do they play? Have they ever won significant jackpots?
Do you think buying lottery tickets is a wise financial decision? Why or why not?
Would it surprise you to know that more people buy lottery tickets than invest in the stock market? Why do you think that is? Remember that overall long-term stock market returns are 7-9% annually while lottery tickets have a negative expected value.
Sep 30, 2018
Question of the Day, Financial Scams, Research, Current Events
3 minute video explainer here:
Have you noticed a recent increase in robo-calls to your cell phone? Describe any of these scammer calls that you have received.
What are some good rules of thumb when it comes to people calling your cell phone? What information should you NEVER provide anyone over the phone?
Do you have a strategy on how to deal with these calls?
Here's the ready-to-go slides for this Question of the Day that you can use in your...
Jun 21, 2018
Behavioral Finance, Video Resource, Investing, Advertising, Financial Scams
I was just introduced to this National Geographic TV show called Brain Games. We watched an episode today and I am hooked. What makes it compelling? It requires active participation on the part of the viewer and provides a heavy dose of behavioral finance. I am queuing up this list to binge watch one lazy summer afternoon (does that exist?), but thought I would share ahead of this weekend in case someone else :) was motivated to send me a few discussion questions (email@example.com) that they would...
Apr 26, 2018
Question of the Day, Financial Scams, Identity Theft, Current Events, Research
Answer: Credit Card Fraud
Why do you think credit card fraud is so easy for scammers to commit?
What are two trends that you can spot from analyzing the chart on the previous page?
If someone steals your credit card and makes purchases, are you “on the hook” to pay for them?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the Numbers (FTC's Consumer Sentinel Network Data Book 2017):
Apr 17, 2018
Financial Scams, Activities, Article, Activity, Behavioral Finance
A great article from Of Dollars and Data that highlights six of the "tried and true" methods that make us susceptible to financial trickery or just plain bad decisions. On the subject of trickery, be sure to check out NGPF's release of SIX NEW Financial Pitfalls Projects that will increase your student's savviness.
So what are the six ways of influence described in the article (with the tag lines he provides):
Authority: Trust me I'm an expert.
Commitment and consistency: Just say...
Apr 15, 2018
Question of the Day, Financial Scams, Research, Current Events
Do you know any one who has been a victim of a financial scam? Explain.
Why do you think that young people are victims of financial fraud more often then senior citizens?
What are some financial scams that you are aware of?
What are strategies you can come up with to avoid scams?
Here's the ready-to-use slides for classroom use.
Behind the numbers (from FTC Data Book):
Of people who reported their age, those aged 20-29 reported...