Category: Math

Teach Students to "Share to Save"

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May 02, 2019
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NGPF Fellows, Lesson Idea, Math
This guest blog post comes to you courtesy of NGPF Fellow Aric Weiker of Interlake High School (WA). I personally love this lesson idea because, I think, too often we focus on teaching students to "give up" their favorite spending habits entirely. How many times have you heard, "If you only saved that latte money"? Aric's got the good start of a lesson idea to teach students how they can still have their favorite coffee drink and still reduce their spending. For those who teach math or...

QoD: Can you name ONE of the most Googled money questions for 2018?

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Mar 31, 2019
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Checking Accounts, Budgeting, Math, Mortgages, Research
Hat tip to Beth Tallman for sending this one along.  Answer: Here are the top 5: 5. How much is my house worth? 4. What is bitcoin? 3. How to write a check? 2. How much house can I afford? 1. Where is my tax refund?  Questions: What money question are you most curious about right now? Why do you think that so many people are preoccupied with their tax refund? Are you surprised to see any of these top 5 most Googled questions on this list?  Why do you think that two of the top 5...

What resources do you have for personal finance spreadsheets?

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Mar 07, 2019
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PRO Tip from NGPF, Math
THE PROBLEM: Does NGPF have any resources that utilize spreadsheets? If so, where do I find them?  THE ANSWER: Watch this short video for a treasure trove of resources, activities, and just-in-time how-to videos for spreadsheets in the Next Gen Personal Finance catalog.    Want to receive a weekly PRO Tip to your inbox? Sign up here. ...

Interactive Monday: What are the rental costs in your community?

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Feb 24, 2019
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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...

Just One Resource - INTERACTIVE: Shady Sam

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Feb 04, 2019
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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...

Just One Resource - ANALYZE: How America Gives

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Jan 07, 2019
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Just One Resource, Generosity, Math
    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...

Chart of the Week: State Minimum Wages

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Dec 11, 2018
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Chart of the Week, Career, Employment, Math
Chart courtesy of Statista:  Questions: Why do you think there is such a difference in the minimum wage rates by state?  What is the minimum wage in your state? Is it different in your area?  What do you think determines minimum wage levels in a given market (city, town, county)?  Analyzing this chart, what would you guess the federal minimum wage is? Describe the typical worker that earns the minimum wage (education level, age, experience, type of job, industry)? What do...

Chart of the Week: Which social media site has strongest "reciprocity" with other sites?

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Oct 31, 2018
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Chart of the Week, Research, Math
Interesting chart showing the linkages among users of social media platforms (from Pew Research); great data table to build analytical and critical thinking skills using a topic that engages your students: Note: Reciprocity between websites refers to the percentage of users of one site using another website. In the chart above, 27% of Facebook users also use WhatsApp (which curiously is owned by Facebook).  Questions: Which two social media sites have the strongest linkage (or...

Reading List for October 13-14

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Oct 12, 2018
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Investing, Current Events, Economics, Paying for College, Math
Investing Bringing you lots of relevant articles on investing this week, from current events (stock market drop this week and interest rate increases) to analysis of booms, busts, and advice. Wednesday’s market drop as explained by the New York Times. Here is an article from 2016 by Ron Lieber (NYT) that came up in my feed but is timeless advice relating to this week’s market movement. Neil Irwin explains in his Upshot article (NYT) the upside of rising interest rates. This one from...

Chart of the Week Wednesday: How Many Years Until I Can Retire?

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Oct 03, 2018
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Chart of the Week, Math, Research, Retirement, Investing
From Simple Dollar Blog: We all struggle with how to make retirement interesting to high school students who tend to be short-term oriented. You can use this chart to ask the question "How soon can YOU get to financial independence?"  First, let me provide some orientation: X-axis tracks after-tax annual income Y-axis has annual spending Number inside the grid are years until financial independence For example, a recent college grad with after-tax pay of $35k ($35,000) who spends $20k...

Interactive Monday: What makes for a better life?

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Aug 13, 2018
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Interactive, Current Events, Math
I thought this would be an interesting question and interactive to get your personal finance class off to a great start this year. It takes a step back from talking about money and forces students to think about what they value most when it comes to life. It will also allow them to 1) see what countries match up best with their definition of a better life 2) see how their answers compare with others in the U.S. and 3) have them think about the relative strengths and weaknesses of the U.S....

NGPF Podcast: Tim Talks With Andy Davidson About Math's Role In Building Financial Capability

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Aug 10, 2018
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Podcasts, Math
Andy Davidson spent much of his career on Wall Street and saw first-hand what happens when consumers lack basic financial skills.  What he saw inspired him to create a course that teaches personal finance through mathematics. And thus, FiCycle was born! Hear how he describes the rationale behind the three pillars of his curriculum, the importance of scaffolding and what this entrepreneur has learned along the way. Listen closely as Andy espouses the virtues of bringing more math into your...

3 Graphs: How Risky are Stocks, Bonds and Cash?

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Aug 02, 2018
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Investing, Stocks, Behavioral Finance, Research, Math, Chart of the Week
Hat tip to the Wealth of Common Sense blog for updating their performance charts which help demonstrate a key concept in investing: risk. Risk is one of those nebulous concepts for teens who have never experienced a severe market correction while holding stocks. These charts help elucidate risk from a mathematical perspective by plotting returns for the three basic asset classes: cash, bonds and stocks. By using the same scale for each, it becomes more apparent which is the riskiest asset. ...

Interactive: Where Work Pays

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Jul 24, 2018
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Employment, Interactive, Career, Math
The Hamilton Project released another engaging interactive, Where Work Pays [Hat tip to Brian Page for pointing this out]. Here's how it works.... a) Students select an occupation b) Input an age group c) Adjust for Cost of living and/or Income Taxes (optional)  d) Toggle between Local or States which will affect the map view.   So, why do I love this interactive. It brings together so many concepts in one activity, including Career choice (what do you think you want...

Just One Resource - NUMBER CHUG: Break Even with Soap

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Jul 18, 2018
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Just One Resource, Math, Entrepreneurship
        In this new weekly blog post, Jessica 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]  NUMBER CHUG: Break Even with Soap The Gist: In this scenario, "April's" caught the entrepreneurial spirit and is handmaking soaps to sell for profit. Over the course of this seven-question Number Chug, students learn about revenue, cost,...