Category: Parent Conversations

10 Money Milestones For Parents Who Want to Teach Their Kids About Money

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Nov 14, 2018
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Parent Conversations, Credit Cards, Paying for College, Career, Checking Accounts, Stocks
I often hear this question from friends and family, "How can I teach my kids about money?" While we developed our website and resources with a classroom teacher in mind, they work well at home too. I think milestones present great opportunities for this learning to take place between parent/guardian and child.  Here are ten money milestones in the life of a teenager with a link to a favorite NGPF resource (or two) that can help kids "learn by doing."  Opening a bank account Fine...

NGPF Flash Survey Results: How Do You Engage Parents?

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Nov 12, 2018
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Flash Surveys, Parent Conversations, Personal Finance, Survey Results
From parent-teacher conferences to open house night to casual conversations in the grocery store, we know that teachers are dedicated to making sure parents are involved in their child's education. Thank you to all those who took this survey. Your input guides the resources we're building out that will equip schools with resources to connect parents to personal finance.   A few key results to share first: 51% of respondents identify they already assign students activities and projects...

Reading List for November 10-11

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Nov 09, 2018
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Personal Finance, Investing, Parent Conversations, Cryptocurrencies
Personal Finance Could developing countries and M-Pesa teach the US how to address the issues of the unbanked and underbanked? (CNN Business) PBS announces a new series on personal finance called "Talkin' Money Minutes" is looking for a sponsor. They will be 2-3 minutes in length and air between shows. (Business Insider) Charles Schwab’s daughter discusses the huge financial gender gap that goes way beyond the pay gap, and what can be done to help correct it. (MarketWatch) Think...

Question of the Day: What percent of 13-17 year olds have a credit card?

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Sep 26, 2018
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Question of the Day, Credit Cards, Research, Parent Conversations
Answer: 19% Questions: Did you know that you could get a credit card as a teen? What do you think "an authorized user on a parent/guardian's account" means?  Do you think it is a good idea for a teen to have a credit card? Why or why not?  What arguments could you make/did you make to your parents to become an authorized user on their account? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (TransUnion...

NGPF Flash Survey: How Do You Engage Parents?

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Sep 20, 2018
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Flash Surveys, Parent Conversations
From parent-teacher conferences to open house night to casual conversations in the grocery store, we know that teachers are dedicated to making sure parents are involved in their child's education. We're looking to expand our reach and equip schools with the necessary resources to connect parents to personal finance, and we could really use your feedback to get the ball rolling! We're curious: How Do You Engage Parents? As always, survey respondents will be entered into a drawing for a...

Interactive Monday: What's the Level of Education in Your County?

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Sep 16, 2018
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Chart of the Week, Current Events, Research, Interactive, Parent Conversations, Paying for College
This week's interactive comes courtesy of Overflow Solutions and provides a county-level look at educational attainment.  This tool allows users to compare educational attainment of every county against other counties, the states, and the nation overall. The default is set to Los Angeles, CA and Cook County, IL, but if your students are on a desktop, they can easily adjust to view data from different counties and states. Here's a few notes about the interactive: The data is collected from...

Activity idea: The Effect of Peer Pressure on Your College Finances

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Sep 05, 2018
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Behavioral Finance, Activities, Budgeting, Parent Conversations
During the college application process, students are told over and over again by family members and teachers that there are clear steps to follow: 1. Maintain a competitive GPA2. Take plenty of AP courses3. Score well on the SAT4. Partake in lots of extracurriculars It’s easy to see why so many students obsess over GPA, sign up for SAT prep courses, and take on extra AP classes during their junior and senior year. Perhaps it’s because money is such a taboo that students are rarely...

Digging Deeper: Helicopter or Hands-Off Parenting for College Students?

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Aug 12, 2018
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Parent Conversations
It’s that time of year. Approximately 3 million US teens are getting ready to head off to their first year of college. Maybe you are sending your own kid off to school. Maybe you are in touch with students who are heading off to school, or with their parents. I decided to provide a bit of a survey of the articles that have popped up in the past couple of weeks on the subject looking for some pearls of wisdom we might be able to use. This one from last week’s reading list got me...

What I'm Reading This Weekend (August 11-12)

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Aug 10, 2018
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Personal Finance, Savings, Parent Conversations, Economics, Current Events
Personal finance Banks and credit unions are talking about providing financial education as a competitive “weapon.” Is this good or bad? Buying a car? Here is a quick video reminder of warning signs indicating you should walk away. Parenting, Teens, and College Parents, especially mothers, are teaching their kids about money. Is the tide turning? Here are two studies/articles that suggest perhaps they are. One from Current suggests that teens save for goals, and according to...

What I'm Reading This Weekend (August 4-5)

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Aug 03, 2018
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Personal Finance, Parent Conversations, Current Events, Taxes, Stocks
  New for/about High School Students I never thought cellphones in the class was a good idea, but what a battle! Here is some evidence that supports banning them. (Don’t miss the video about parents use of cell phones as well!) High school kids fill out all kinds of surveys trying to help them through the college/career maze ahead, unaware that their data is being sold! Parents may worry about their new college student succeeding away from home. Here is some advice on preparing them...

What I'm Reading This Weekend (July 28-29)

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Jul 27, 2018
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Personal Finance, Investing, Parent Conversations, Current Events
Personal Finance The Washington Post helps you calculate your net worth. Here is a good one from NPR to follow up on my Digging Deeper on teen summer jobs. There are great graphics in this article from Axios comparing what 30-year olds face now (2016) versus 40 years ago. When you consider the costs involved in processing credit cards, this Slate article discusses why some businesses are going cash free!!! Curious about Robo Advisors? Money magazine takes a closer look and sums up the...

Activity Idea: Engaging Parents Through Student Interviews

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Jun 21, 2018
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Parent Conversations, Activities, Teaching Strategies, Tips for Teachers
Thanks to Danielle Stiebs of Oak Creek High School in Oak Creek, Wisconsin for sharing this resource during our first FinCamp PLUS in Madison this week. As personal finance educators, we all know the importance of parents/guardians as they have tremendous influence in money attitudes and behaviors of their children. We know from this Question of the Day that only about 61% of students talk to Mom and/or Dad about money.  She has developed some great questions (and tweaked them over the...

What I'm Reading This Weekend (June 9-10)

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Jun 08, 2018
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Current Events, Parent Conversations, Retirement, Credit Reports, Investing, Mortgages
Parenting The WSJ takes a good look at the overprotected American child. You probably see the impacts on the students you teach. Michelle Singletary explains why parents should have “the talk” (about credit) with their kids. Here are eight things parents can do to help their college students become financially independent. And here is what you do if your adult children want to move home. Education The New York Times looks at education spending over time.  (Hint: it...

Financial Education: Teaching Up as well as Down

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Apr 02, 2018
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Retirement, Financial Literacy, Parent Conversations, Teaching Strategies
We focus daily on preparing younger generations to manage their financial futures.  It is a noble cause. But as educators, we can be the key to helping a parent who has never been responsible for major financial decisions navigate some of the most critical financial decisions of their lives. A few weeks ago I had the distinct pleasure of attending my mom’s 90th birthday celebration.  As I scanned the room filled with octogenarians and nonagenarians in various states of health, I...

Update: NGPF's Elite Eight (Game 1): #1 PAYBACK vs. #8 Community Credit

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Mar 25, 2018
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Interactive, Parent Conversations, Paying for College, Credit Cards, Credit Reports, Credit Scores
FINAL PAYBACK looks unstoppable as they crushed Community Credit 186-14 yesterday. Will they be tested in the Final Four? Stay tuned.  UPDATE on Monday at 9am PT Yes, you are reading this correctly: PAYBACK 151 - Community Credit 11. Looks like their starters will be extra fresh as PAYBACK appears close to punching their ticket to the Final Four.  The pretenders have left town and the field has been whittled down to 8 NGPF resources. What patterns can we discern from the...