This week on NGPF's Math Monday, we are diving into the AMORTIZATION formula. Brush up your own math skills or use these resources with your students to teach them the math behind how amortization works.
View the MATH Collection: Have your students practice using the amortization formula in the activity MATH: Auto and Mortgage Monthly Payments!
Formula of the Day: Introduce this formula to students by explaining that this will provide them with the payment they must make per pay...
Sep 14, 2020
Teaching Remotely, Budgeting, Math
The activity MATH: Unit Price practices calculating the unit price for various items so that, when you go shopping, you can get the best deal. This activity allows students to learn how to calculate unit price as well as practice examples of when it will be used.
At a time where many schools have transitioned to offering synchronous and asynchronous learning, we’ve listed some adaptations and extension ideas that may work for your current classroom environment.
Each week on the blog, we'll publish a new MATH MONDAY post, which will include math resources that you can review and use to bring math to life for your students! This week, we're kicking off with 3 helpful resources to get you started.
1. NGPF's Math Collection! We're super excited to share the new Math Collection with you and supplement your instruction with practice problems that connect math concepts to real-world money scenarios. You can check out these activities by going to...
Aug 10, 2020
Teaching Remotely, Math
The activity MATH: Calculating Percentages is a great way to review basic percentage calculations at the beginning of your course or unit. In this activity, students will practice calculating (either mentally or with a calculator) using various values that come up in shopping, spending your money wisely, and taking care of themselves.
At a time where many schools have transitioned to offering synchronous and asynchronous learning, we’ve listed some adaptations and supplemental...
Apr 27, 2020
Credit Cards, Question of the Day, Current Events, Math
Answer: $29 (as of 1/1/20)
What do you think are some of the reasons that people pay their credit card late?
Do you think it’s worthwhile to call the credit card company to try and get this fee waived?
Check out this earlier Question of the Day for the answer
Some credit card companies are now allowing cardholders to skip a payment. Do you think this is a good idea? Why or why not?
Click here for the ready-to-go slides for this Question of the Day that...
Apr 10, 2020
Current Events, Economics, Budgeting, Math
Good News for Consumers
Those who rely on insulin to live will finally be getting a break, as Eli Lilly capped copays at $35 for those with and without insurance. (NYT)
Consumer Reports contacted 20 companies offering auto insurance to see how they were helping customers with rebates or payment deferrals.
Check to see if your favorite publications have free versions/newsletters with coronavirus updates. (WaPo) (NYT) (LA Times) (WSJ “free” update hasn’t been updated...
Mar 25, 2020
Question of the Day, Math, Investing
It's the math of investment returns. Let me explain:
Your investment was worth $100. After a 33% drop, your investment is worth $67. In order to get back to $100, it has to rise $33 in value which would be a 50% increase from its current level of $67.
No additional questions.
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Zachs):
Big Losses Hard to RecoupThe math of percentages shows that as losses get...
If you incorporate math in your personal finance class (or vice versa, personal finance application in your math class!), you may have used NGPF’s Number Chugs. As the curriculum team is working on updating resources, you’ll notice that some have been RETIRED, including Number Chugs, to make room for newer activities. If you are still interested in using Number Chugs with your students, you can locate them in two places:
Math Resource Directory - Tab 10: [RETIRED] Number...
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...
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...
Thanks to NGPF Fellow Tara Kelley of Harwood Union High School (Stowe, VT) for sharing her favorite math resources:
1. Make sense of problems and persevere in solving them.
Number Chug: Break Even with Soap
All of the Number Chugs work great for this practicing perseverance in problem solving! With an entry point for many levels of math, students can use their work as a stepping stone to the next level. Students could choose to graph their answers to this particular...
May 02, 2019
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...
Mar 31, 2019
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?
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...
Mar 07, 2019
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. ...
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...