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...
May 05, 2019
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:
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?
Apr 28, 2019
Thanks to Jessica for pointing out this insurance interactive.
Plug in your zip code and voila, you get the most common and the highest cost claims in your neighborhood. Here's what I found for my hometown in N.J.:
What are the most common insurance claims in your neighborhood?
Click on each of the claim icons to learn more about each of these claims.
Why do you think an insurance company has created this interactive? Does this information make you more/less...
Apr 21, 2019
Interactive, Credit Reports, Credit Scores
Hat tip to NGPF Fellow Jill Wilson for sharing this credit score quiz with us.
What's to like about the quiz?
It's short (12 questions)
It's thorough: covers what factor goes into a credit score, who cares about your credit score and the cost of not having a good credit score.
It's a good review after you have completed your managing credit unit.
Here are two teacher favorites when it comes to credit score activities to engage your students: Interactive: FICO...
Apr 18, 2019
NGPF Fellows, Tips for Teachers, Interactive
NGPF Fellow Joy Tavano (North Kingstown Senior High School, RI) provides this awesome overview of how to use Quizlet Live. And don't forget, NGPF has a bank of prebuilt Quizlet sets you can use on our Quiz Games Library.
Name of the Tool: Quizlet Live
Cost: Free when creating random teams; $3 per month to customize teams
Use Case: Quizlet Live is great to use when you want students to work together to learn vocabulary words.
Quizlet is a great tool for a...
Apr 14, 2019
Interactive, Stocks, Index Funds
Hat tip to Christian for discovering this interactive from Bloomberg that will get those day traders in your classroom excited.
Here's the game unfolds:
A stock price chart for an undisclosed company scrolls across the screen for 30 seconds.
When you want to buy the stock you hold down the touchpad. You release the touchpad when you want to sell.
You have the opportunity to make repeated buy/sell decisions during the course of the 30 seconds.
At the conclusion of the...
Apr 11, 2019
If you've attended a FinCamp this school year, you've participated in the NGPF Fan Favorite project Budgeting with Roommates. As a perfect accompanyment, NGPF Fellow Adam Cole (Needham High School, MA) explains how he uses and modifies NGPF budgeting activity COMPARE: Find an Apartment in his classroom. Watch for some great tips on how to implement this activity in your classroom.
For all of NGPF's budgeting resources, visit https://www.ngpf.org/curriculum/budgeting/...
Mar 31, 2019
Interactive, Paying for College, Student Loans
A great hook for students is being able to personalize data for an activity that helps them understand their community better and how it fits within a larger context. Here's an interactive from Urban Institute that shows county-level data for auto loans, student debt and medical debt (the #1 cause of personal bankruptcy). Here's the output for auto loan debt for San Benito, California:
Questions for students (and you can customize for your own county):
How does your county compare with other...
Mar 24, 2019
Hat tip to Sonia from team NGPF for highlighting this resource.
The United States is routinely the most expensive place to buy medical care, whether that’s a Humira pen or a knee replacement or an MRI scan. There are a handful of exceptions to the rule: The US does have colonoscopies that are cheaper than in New Zealand or the United Kingdom. On CT scans, we also come in slightly cheaper than Britain. But aside from those examples, it’s generally a safe bet that...
Mar 03, 2019
Inflation is one of those economic phenomena that most people underestimate. Why? When prices change 2-3% a year, it's hard to notice. Over a decade or two, those small annual changes compound and become significant.
The Official Data Foundation has an inflation calculator by product category which provides a multitude of opportunities to demonstrate to your students inflationary changes since 2000 (which may coincide with your students' birth dates.
A few activity ideas:
1. Why is the...
Feb 28, 2019
PRO Tip from NGPF, Interactive
THE PROBLEM: What's the best way to use the NGPF Interactive Library? And where do I find the worksheets?
THE ANSWER: Watch this short video for a quick overview and some tips on best utilizing our Interactive Library and accompanying worksheets.
Want to receive a weekly PRO Tip to your inbox? Sign up here. ...
Feb 24, 2019
Interactive, Budgeting, Research, Math, Economics
Hat tip to Joy Tavano of North Kingstown High School (RI) who shared this resource in a recent PLC with Jessica. The site, rentdata.org, has detailed information about average rents in every county in the U.S. and better yet provides the information on a historical basis back to 2006. Given that housing costs are typically the largest cost component in a budget, this interactive provides students with a sense of the cost of living in their community. For students who consider moving to...
Feb 18, 2019
Interactive, Retirement, Investing, Index Funds
We all know how difficult it is to get kids to think about investing for retirement but also know how important it is to convince them to start investing ASAP given their youth and the magical powers of compound interest. So, what's the hook? What young person doesn't dream of retiring early which is kind of ironic given that many of them have these thoughts before they even have their first job. Stay with me. This focus on early retirement, which has gained more prominence recently with the...
Feb 12, 2019
Interactive, Investing, Stocks, Index Funds
Hat tip to Vadas at Abnormal Returns for pointing out this article from Behavioral Investment about why we make stupid investment decisions.
The article lays out nine reasons why normally rational, thoughtful people make what he describes as "sub-optimal" investment decisions. As I read through the list, I realized how our investing game STAX (over 160,000 game plays since November launch) gives students an opportunity to make a lot of stupid decisions which they hopefully will learn from...