What's New With......Checking?
Cash or No Cash?
Have you noticed your favorite businesses going cashless? How much cash do you carry? Read how David Gelles of the New York Times decided to give the cashless lifestyle a try.
If we are moving to go cashless, then this news about cardless ATMs may have a limited lifespan.
Checking Account Fees and Features
You are not imagining it: checking account fees are on the rise.
You may have to search harder, but free checking accounts still exist.
As fintech evolves...
NGPF Podcast: Tim Talks to Entrepreneur Kendall Flutey of Banqer
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Feb 23, 2018
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Podcasts, Checking Accounts, Interactive, New Products, Personal Finance
The NGPF podcast's first international guest, Kendall Flutey, is one hard-working entrepreneur—she set aside time on a Saturday (NZ Time) to talk to us! She saw a gap in financial literacy education in primary schools through her brother's eyes, and decided to change things for the better. Fueled by her passion for business, the former accountant signed up for coding bootcamp, and 6 months later she was equipped to bring the vision of her startup to life. Banqer was born in 2015, and...
NGPF and McKinney Launch PAYBACK, A Game To Teach College-Bound Students How to Manage Student Debt
By Tim Ranzetta
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Oct 03, 2017
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Paying for College, Interactive, Current Events, Student Loans, New Products
Take the Payback Challenge to learn how much college majors pay and how to minimize that pesky student debt.
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One of the frustrating insights from our recent research report, Who Has Access To Financial Education In America Today? was how infrequently "paying for college" (or some variant) was covered in a personal finance course. Yes, while scouring 11,000 websites and 18,000 course descriptions, college was far down the list of terms that were most frequently cited. Yet,...
NGPF Launches One-Semester Course
I'm so proud of the NGPF team (Jessica, Sonia, Amanda, Laura, Ren, Sid and Niko) and the way they came together to achieve great things, namely launching our One-Semester Course, just in time for the school year. It was a marvel to witness the collaboration and choreography required to complete such a monumental task in such a short period of time. Kudos to this amazing team who kept their commitment to educators to deliver this curriculum in time for the 2017-18 school year.
NGPF's...
Question: How Much Does Adding A Teen To An Auto Insurance Policy Increase The Premium?
Answer (from NY Times; subscription): 78% or $671!
More from the Times article:
An annual analysis by insuranceQuotes.com, a rate comparison site, found that adding a teenager still increased annual premiums substantially, but the magnitude of the increase has been falling over the past few years.
Adding a single teenager to a policy caused annual premiums to increase an average of 78 percent, or $671. But rate increases have been decreasing since 2013, when the average increase was 85 percent....
NGPF Podcast: Tim Talks To Marla Blow, CEO of FS Card, Inc.
I really enjoyed the recent conversation I had with Marla Blow who is not your typical credit card executive. She runs a start-up credit card company (FS Card, Inc.) focused on helping subprime customers get their “sea legs” to establish a positive credit history. In a sense, she has been preparing for this role for her entire career. You will hear about her odyssey from modeling losses in credit card portfolios during the Great Recession to signing on as an early team...
Question: Will You Own A Car in the Future?
By Tim Ranzetta
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Jun 22, 2017
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Article, Question of the Day, Research, New Products, Purchase Decisions, Current Events, Chart of the Week
Interesting WSJ article (subscription) highlights how dramatically the concept of car ownership is changing in light of current ride-sharing trends and the potential for autonomous vehicles in the future. Here’s a graph that shows how new car buying has slowed dramatically among younger Americans:
Other key points from this article (about a 5 minute read):
1/4 of miles driven may be through shared, self-driving vehicles by 2030: “Car ownership, for a long time, has symbolized...
NGPF Podcast: Tim Talks To Wealthfront Co-Founder and CEO, Andy Rachleff
Thanks to Andy Rachleff for this great conversation on the NGPF podcast recently. To say Andy has had an amazing career is an understatement. To name just a few of his roles: Founder of a premier venture capital firm (Benchmark), successful venture capitalist, sought after entrepreneurship instructor (Stanford Graduate School of Business) and currently a co-founder and CEO of a financial services disrupter (Wealthfront). Andy shares the insights he has gained over his illustrious career as well...
NGPF Podcast: Tim Talks To NGPF's Jessica Endlich and Sonia Dalal About Their New One-Semester Course
Today on the podcast we hear from NGPF’s Jessica and Sonia about the new One-Semester Course that they are creating. We often hear from teachers that NGPF has great content but also that there is SO much of it. Given how busy you are, we wanted to make it easy for you by developing the “greatest hits” of NGPF that you could fit into a semester course. Putting their problem-solving hats on, Jessica and Sonia are in the process of developing a One-Semester Course of exactly...
Product Review: Worried About Overdrawing Your Checking Account? There's An App for That!
By Tim Ranzetta
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Apr 30, 2017
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Checking Accounts, Research, Personal Finance, WebQuest, Teaching Strategies, New Products, Current Events
A whole lot of peoples’ pain ($33 billion in overdraft fees) seems like an opportunity to one entrepreneur!
From BusinessInsider:
Mark Cuban was crushed with overdraft fees in his 20s. Now he’s backing an app that’s trying to help people avoid having to pay them. The billionaire has invested in a new app called Dave that aims to predict coming expenses for users to help prevent them from overdrafting on their bank accounts.
Have your students go to Dave.com and review the app:...
What I've Been Reading This Week (For Week Ending 4/8)
By Tim Ranzetta
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Apr 07, 2017
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Behavioral Finance, Credit Scores, Career, Research, New Products, Current Events, Chart of the Week, Credit Reports, Math
Tesla now worth more than Ford but their valuation depends on hitting aggressive sales targets for Model 3 (Economist)
But Tesla is going to have to crank production up by an awful lot more to make the 500,000 cars a year which Mr Musk wants to see pouring off the production line by 2018, let alone the 1m intended for just two years later. To reach those volumes, Tesla is counting on its forthcoming Model 3. Priced at around $35,000, the new car will cost around half that of the other two...
94 Spanish Activities Now Available!
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Mar 07, 2017
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New Products, Activity, Credit Cards, Teaching Strategies, Credit Scores
In case you missed it in January, NGPF has heard the call, and we’re beginning to translate our original activities and projects into Spanish for use with your English Language Learners. Don’t worry — we’re not relying on my own poor command of the Spanish language (muy malo) — we’ve hired an awesome translator who is working through our resources in batches of 10. With eleven batches now complete, we’ve got 94 activities/projects across Checking,...
New Curriculum: Our 8-Hour Workshop!
Asked to teach a 7-hour course at Castilleja School in Palo Alto, we polled the seniors at this high performing all-girls school to find out what personal finance topics they most wanted to learn, and they came back with:
How to budget during college and/or grad school
Understanding how credit cards and loans work
Buying a car
And how to invest
We rounded out their 5-class course with an hour on credit scores and, after working with the students, realized they also had a lot of questions about...
Time Launches Coinage, A Video-First Site Dedicated To Personal Finance
By Tim Ranzetta
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Feb 08, 2017
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Video Resource, Credit Scores, Personal Finance, New Products, Taxes, Credit Reports, Entrepreneurship
From Press Release:
Today, Time Inc. (NYSE:TIME) launches Coinage, a new video-first brand covering personal finance that runs across 22 Time Inc. sites. Coinage will feature 600 short-form videos throughout 2017 to help guide everyday choices consumers make in spending, saving and investing for themselves and their families across all stages of life in a lighthearted and entertaining fashion.
Here are the first three videos they released. Each are between 1-2 minutes:
Super Bowl: discusses how...
Earn DonorsChoose Credits For Teaching Your Students Essential Financial Skills
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Jan 07, 2017
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Budgeting, Credit Scores, Credit Cards, Investing, New Products, Taxes, Credit Reports
The DonorsChoose/NGPF Program where teachers can earn credits for teaching financial skills expires on April 30, 2017. Visit this page for updated information.
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Next Gen Personal Finance (NGPF) is committed to expanding access to high quality personal finance educational content. Through our partnership with DonorsChoose.org, we will be bringing our engaging and easy to implement...
Teacher Accounts
To get access to NGPF answer keys, assessments, and teacher-only resources: create a FREE Teacher Account
