Nov 17, 2019
With the. proliferation of streaming services many consumers are starting to wonder, "Am I really better off cutting the cable cord and signing up for a few streaming services?" This interactive from MarketWatch doesn't answer that question but it does provide some eye-popping numbers about both the lifetime cost and the opportunity cost of signing up for these services.
Step 1: Students first select the streaming services they currently have (or plan to have):
Nov 03, 2019
I can't remember how I found this site but thought it might be engaging to your students because it takes a budgeting principle and allows students to see how it actually applies in their community.
The simulation starts by explaining the 50/30/20 budgeting rule of thumb which is the idea that 50% of budget should be spent on needs, 30% on wants and 20% on savings and paying down debt.
It then has students select from one of three scenarios:
Married couple with 2 children in Boise, Idaho...
Oct 20, 2019
Interactive map from the Census Bureau allows students to scroll over their metro/nearest metro area to find out how long the average commute is:
When you scroll over a given metro area, you get the average commute time and also the various modes of transportation to get there.
Here's my county (Santa Clara, CA):
This would be a good resource to include when students are completing a post-high school or post-college budget. Good starting point for a conversation about the tradeoffs...
Oct 13, 2019
This Work Wise interactive from Bloomberg has students complete a brief questionnaire to find out...
After you complete this survey, the interactive takes you through a series of steps:
Shows how your income stacks up relative to your peers cuz we know that we all love to know information like this.
Provides tips on how you can increase your current salary
Tells you what city you could move to in order to earn more money in your given profession (surprised to learn that personal...
Oct 06, 2019
Interactive, Research, Math, Budgeting
Have your students explore this interactive from the Census Bureau to learn more about the characteristics of single-family homes built and sold in 2018. Putting the cursor over the yellow circle and blue squares in the interactive reveal information about the specific feature in the house. Lots of opportunities for math teachers teaching percents with this interactive as students can calculate how prevalent each home feature is.
What was the median square footage for a new...
Oct 06, 2019
Professional Development, Investing, Interactive
Here's what teachers are saying about our new Virtual PDs:
"Keep it up. NGPF has been the most engaging PD I've attended in years."
"I am absolutely inspired...I am more prepared to teach my students in the fall."
"Great session! Loved it and will be back for more."
We have a full slate of professional development opportunities this week for teachers. Each will help you earn credit towards NGPF Academy. All times listed below are Pacific Time.
Virtual Professional Development: a...
Sep 29, 2019
Interactive, Investing, Purchase Decisions, Budgeting
Hat tip to Jessica for finding this resource which allows students to tweak variables to find out how much they can save through D-I-Y coffee. It also provides opportunities to discuss investing as one of the variables is "investment return."
Here are the variables (the dark rectangles are calculated fields while the white rectangles are user-generated:
For those students who don't drink coffee, they can identify something they might buy several times a week (e.g. snacks) and
Sep 25, 2019
Paying for College, Contest Current, Interactive
We are excited to announce NGPF's 2019 PAYBACK Challenge Essay Contest with more than $125,000 in scholarships available. PAYBACK challenges students to get to and through college while balancing their happiness, connections and focus (oh, and their finances, too!). Designed by McKinney (a digital ad agency), PAYBACK has earned several Webby Awards and has engaged almost a million students since launch in September of 2017. Good luck to your students!
Watch this short video for details...
Sep 22, 2019
Interactive, Budgeting, Math
Hat tip to Kareem for spotting this interactive.
A little bit of math might help you make better decisions when it comes to buying pizza.
One day last year, an engineer and I went to a pizza place for lunch. The engineer told me he wasn't very hungry, but he said he was going to get the 12-inch medium instead of the 8-inch small — because the medium was more than twice as big as the small, and it cost only a little bit more. This sort of blew my mind.
Why? Remember how to...
Sep 08, 2019
Entrepreneurship, Interactive, Quizzes, Research
From Adam Grant, comes this 15 question quiz (5 minutes) that would be great for your career and/or entrepreneurship unit. It also delivers insights that you might find helpful in your own job.
Here's a link to the quiz.
Good questions to lead a discussion:
Which answer was most surprising to you? For me it was the question about morning people (of which I am clearly one!)
Did you discover any interesting insights that you can use in your own life from the quiz?
Aug 25, 2019
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
Jun 09, 2019
Interactive, Credit Cards, Credit Scores
Thanks to Brian Page for finding this interactive and developing this set of reflection questions to accompany it.
Interactive: Up My Score: Million Dollar Challenge
Adobe Flash Player is required
There are four skill levels players should play in order: Clueless, Consumer, Expert, UpMyScore Guru
Each level requires the player to respond correctly to 15 questions
As you can see from the question dashboard:
The player has 120 seconds to answer each question
The player chooses from...
Jun 02, 2019
Interactive, Credit Cards, Mortgages
Hat tip to Jessica for pointing out this cool interactive from the Federal Reserve which is part of their Credit Access series. We love these resources that have students interact with data. In this series, you will see trends on consumer applications for various types of loans, including auto, credit and home loans. It not only looks at historical data but also measures expectations about these various loan products and gauges financial fragility and the ability of survey respondents to come up...
May 19, 2019
Interactive, Stocks, Investing
Another engaging interactive to dispel the notion that one can time the market.
Here's the description of the game (from Betterment) which is about 3-4 minutes long and can be played multiple times:
Many investors believe (or act as if they believe) they can beat the market through timing their deposits or asset allocation. Our interactive simulation puts you in the driver’s seat to decide whether to invest or sell based on actual New York Times headlines since 1928.
May 12, 2019
Uber went public on Friday...the result was less than uber with the company's stock price ending the day 8% BELOW the IPO price. Highly unusual as the underwriters (the investment banks) work hard to get that "first day" pop to capture headlines and captivate the investing public. Instead the headlines on Friday night were "Congratulations to the worst performing IPO in history."
Let's put Uber the investment aside and play the game that students love: The Uber Game (courtesy of the Financial...