Sep 20, 2018
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...
Sep 16, 2018
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...
Sep 05, 2018
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...
Aug 12, 2018
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...
Aug 10, 2018
Personal Finance, Savings, Parent Conversations, Economics, Current Events
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...
Aug 03, 2018
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...
Jul 27, 2018
Personal Finance, Investing, Parent Conversations, Current Events
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...
Jun 21, 2018
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...
Jun 08, 2018
Current Events, Parent Conversations, Retirement, Credit Reports, Investing, Mortgages
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.
The New York Times looks at education spending over time. (Hint: it...
Apr 02, 2018
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...
Mar 25, 2018
Interactive, Parent Conversations, Paying for College, Credit Cards, Credit Reports, Credit Scores
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...
Mar 13, 2018
Paying for College, Parent Conversations, Student Loans, Behavioral Finance
Answer: Location (28%), Reputation (20%) and Price (7.5%)
What are the most important factors to YOU in selecting a college? Rank them from most to least important. Explain your answer.
Why do you think that so few people actually consider price?
Do you think if more people considered price that it would have an impact on the cost of college? Why or why not?
Click here for the ready-to-go slides for this Question of the Day that you can use in your...
Mar 06, 2018
Parent Conversations, Paying for College, Current Events
Acceptance letters and aid award letters are rolling in while I write (and over the next few weeks). Informative article in WSJ recently detailed how these letters should be read with a "fine-tooth comb" to be sure that there are no gotchas. Here are the four keys:
Understand terms [NGPF has a Quiz Games Library that makes acquiring vocabulary fun!]
Evaluate the quality
Make apples-to-apples comparisons
Keep up on paperwork [NGPF created a Financial Aid Process Flow to assist in understanding...
Jan 24, 2018
Parent Conversations, Question of the Day
Do you have regular conversations with your parents/guardians about money?
What was the last conversation you had? Who started the conversation?
Whether you talk money or not, what makes it difficult to have those conversations?
If you could ask a parent/guardian one question about money what would it be?
Is this personal finance course an opportunity to engage with your parents in a conversation about money? How might you do that?
Is talking in class about...
Dec 10, 2017
Podcasts, Parent Conversations, Checking Accounts, Student Loans, Employment
Alexis reached out to me via email a few weeks back and wanted to talk money. She had a high school research project that she was working on and had a few questions for me about financial education. Based on the depth of her questions and her resourcefulness in getting sources for her report (this was a first!), I had my own questions. Listen to the podcast to get answers to these and more:
Why is she interested in personal finance?
How did a personal finance course that she took her junior...