Interactive Monday: Which charity would you choose?
Many personal finance teachers include a lesson/activity about "Giving Back" in their curriculum.
This brief quiz would fit well there. Students are asked to choose between two charities based on where they think a $100 donation would have greater impact. Here's an example:
After students choose charities for the ten scenarios presented, they can see how their results compare to others who have completed the quiz along these dimensions:
Most and least supported characters
Effectiveness of...
Reading List for Memorial Day Weekend 2019
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May 24, 2019
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Generosity, Behavioral Finance, Personal Finance, Investing
Enjoy these Memorial Day weekend reads curated by Beth with a few additions from Tim:
NGPF Podcast guest, Morgan Housel, is at it again with a valuable piece on "Realistic Personal Finance Hacks." My favorite: "A finely tuned BS radar that screams “red alert” when promises of abnormal gains without abnormal sacrifice are offered."
It's a time for advice to graduates, here's a few that caught my attention (interesting to see the overlap since they come from two very...
Interactive Monday: How Good Is Your Giving?
Hat tip to Jessica for pointing out this cool interactive from MIT which analyzes your giving impulses. Here are the instructions:
After answering these 10 questions, the results indicate where your choices stack up across various continuum: Here's a partial view of the results page:
Reflection questions:
After analyzing the results, which preferences do you feel accurate represent your giving habits? Which results do you feel are least accurate when it comes to your giving practice?
Do...
Question of the Day: What is the #1 reason people contribute to crowdfunding sites (e.g., GoFundMe and Kickstarter)?
Answer: To help a person in need
Questions:
How would you define a "person in need?"
Have you ever contributed to a crowdfunding site?
If so, what was the reason you contributed?
If not, do you plan to contribute in the future?
Who would have the greatest influence on getting you to contribute on a crowdfunding site?
28% of people who contributed didn't know the person that they were contributing to. What do you think led them to give?
Here's the ready-to-go...
Just One Resource - ANALYZE: How America Gives
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] ANALYZE: How America Gives
The Gist: Using The Chronicle of Philanthropy site, students will explore American financial charitable giving throughout the country’s 50 largest metropolitan areas. Combining data from the Internal Revenue...
Best of 2018...NGPF FinCap Fridays
By Tim Ranzetta
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Jan 04, 2019
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Budgeting, FinCap Friday, 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...
A Twist on Teaching Philanthropy
NGPF Fellow Sue Suttich of Tigard High School (Tigard, OR) wrote in with this awesome spin she put on our Philanthropy lesson and materials (found in the "Bonus" section of our website), just in time for the winter holidays! Read on to hear Sue's creative idea for her sports marketing class.
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I wanted to share with you a way I have used your Charity/Philanthropy project. I think it is a good way to show teachers your projects can fit...
Just One Resource - COMPARE: Charities
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] COMPARE: Charities
The Gist: During this season of giving, it's important to look closely at how charities, nonprofits and organizations use people's donations. With this activity, your students will research organizations and causes that they are...
Question of the Day: What percent of U.S./U.K. teens have donated their money to a cause they believe in?
Answer: 32%
Questions:
Have you ever given money to a cause that you believe in?
If so, why did you give to the organization?
Other than giving money, what are other ways that you can help charities?
What social causes do you think are most popular with your peers?
Do you think that community service requirements for high school students are a good idea? Why or why not?
Click here for the ready-to-go slides for this Question of the Day that you can use in...
FinCap Friday: Gratitude is the Right Attitude
With Thanksgiving right around the corner, we thought it apropos to focus on giving thanks in this FinCap Friday: Gratitude Is The Right Attitude:
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Be sure to check out more FinCap Fridays here. ...
Question of the Day: A picture of a pair of eyes was placed above a donation box. Did donations increase or decrease?
Answer: Increased by 80%
Questions:
What do you think are reasons that people donate to causes like a children’s museum?
Why do you think that donations rose when a pair of eyes were placed about the donation box?
Have you ever done something with money that you normally would not have done because someone was watching (e.g., leave a larger tip, donate to a charity)
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....
Question of the Day: What percent of Americans donated time, money, or helped a stranger in 2017?
Answer: 56%
Questions:
Have you ever volunteered, donated money, or helped a stranger?
What did you do?
How did the experience make you feel?
Why do you think people feel good after donating time or money even if they know they’re not going to receive anything in return?
What are some ways you can be charitable in your town or city?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from...
Question: How much does the retail price for roses increase around Valentine's Day?
Answer: About 100%
Questions:
What economic concept helps to explains this surge in pricing?
What other examples of items/services can you think of that have prices that change based on demand?
What challenges do you think rose growers encounter around Valentine's Day?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from Reuters):
At Reuters’ request, BloomNation examined the prices of...
What I'm Reading This Weekend (1/27-1/28)
By Beth Tallman
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Jan 26, 2018
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Current Events, Purchase Decisions, Generosity, Behavioral Finance, Investing, Article, Index Funds, Research
Thanks to Beth for curating another great set of articles to make us smarter about personal finance. Enjoy!
Personal Finance/Financial Capability
NYT Your Money Advisor Anna Carrns filed this report summarizing the 2017 Financial Report Card from John Pelletier at Champlain College’s Center for Financial Literacy. Are you from one of the five states that received an A: Alabama, Missouri, Tennessee, Utah and Virginia? It was reassuring to see that NextGen Personal Finance was...
Financial Education Explained by Danielle: A Great Sale… But at What Price?
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Nov 30, 2017
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Budgeting, Behavioral Finance, Credit Scores, Credit Cards, Generosity
The holiday season is once again upon us, and accompanying it is the temptation to spend a bit more money on presents for loved ones as well as yourself. With big shopping days like Black Friday and Cyber Monday behind us, now’s a good time to reassess recent purchases we might have made in haste.
Originating in the 1950’s, there is this crazy phenomenon called Black Friday (the phrase was coined in 1961), where shoppers storm stores in hopes of getting a “can’t...
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