Category: Parent Conversations

100 Years Young--Life Lessons from my Father

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Aug 10, 2020
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Parent Conversations
My dad was born on August 9, 1920. He turned 100 years old yesterday, and in the age of Covid, the celebration took place via Zoom. What a long way we have come during his lifetime! When a family friend asked what I was doing these days during the call, I mentioned that I was writing an article on what he taught me about money in honor of his birthday. My Dad’s response was “that’ll be a short article!” Dad may have memory issues, but he hasn’t lost his sense of...

Question of the Day: We asked 300+ personal finance teachers what they planned to do with their stimulus check. What was their #1 answer?

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Apr 05, 2020
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Question of the Day, Savings, Behavioral Finance, Parent Conversations, Investing, Credit Cards
Answer: Pay down debt Here's a summary of their responses:  Questions: How do you think YOU would handle a lump sum payment of several hundred dollars NOW?  Why do you think people answer this question with such different responses? What is the importance of having an emergency savings fund now?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (USA Today) Millions of workers and their families will...

NGPF Podcast: How the Arcade Game PAYBACK prepared me for college: Reflections from 5 of the National Winners of the NGPF PAYBACK Challenge Essay Contest

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Jan 17, 2020
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Parent Conversations, Podcasts, Contest Previous
In this NGPF podcast two part series, you will hear from 11 inspiring high schoolers from across the U.S. who were the national winners of the PAYBACK Challenge essay contest. Each will receive $5,000 towards their educational expenses. Each shared what they learned from paying PAYBACK, how it has impacted their college plans and the importance of personal finance in their lives. Student voice matters and these students certainly providing convincing evidence of the benefit of personal...

QoD: Match the percent with the correct statistic from a recent survey of store credit cardholders: 20%, 40%.

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Dec 02, 2019
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Behavioral Finance, Question of the Day, Budgeting, Parent Conversations, Purchase Decisions
_______ of consumers with retail (store) charge card regret their decision to apply for this card. This may be explained by the fact that ___________ still have not paid back their charges from the 2018 holiday season.  Questions: Have you (or someone you know) ever been asked when shopping at a store whether you wanted to open a store credit card?  How does the cashier try and encourage the shopper to sign up?  Why do you think so many cardholders regret their decision to apply...

Black Friday 2019 Reading List

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Nov 29, 2019
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Economics, Paying for College, Investing, Retirement, Parent Conversations
Today is the official start of the biggest retail push of the year. If you are reading this, you either have already braved the Black Friday crowds (or shopped last night), or you are giving it a pass and shopping online.  In any event, the crowds are expected to be a bit less chaotic this year (CBS). Here is a look at how online shopping and delivery are changing the world (IMO, not for the better): The Guardian discusses everything from the explosion of warehouses to environmental impact...

Sending Home Dinner Table Questions in Your Family Newsletter

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Sep 24, 2019
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Parent Conversations
Thanks to 2019 Fellow, Laura Schoenike, for sharing this great practice as October 1st is just a week away! _______________________________________________   In case you missed it, yesterday was the last day of summer 2019! And in case your daily grind and social media pics haven’t reminded you enough...back to school season is in full force! Something that families in my district LOVE, is keeping tabs on what their students have been up to in class. One way I accomplish keeping...

QoD: When do young Americans think they will be financially independent?

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Sep 16, 2019
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Parent Conversations, Question of the Day, Personal Finance
Answer: 22 Questions: When you you hope to become financially independent? What do you think it means to be "financially independent?"  Why do you think the younger generation is more optimistic about when they will become financially independent? When do you think you will be able to do the following? a) Pay for your own streaming service? b) File your own taxes? c) Pay for your own health insurance d) Start saving for retirement and investing? Click here for the ready-to-go...

Reading List for Labor Day Weekend, 2019

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Aug 30, 2019
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Advocacy, Economics, Investing, Paying for College, Credit Cards, Retirement, Parent Conversations
The Labor Day reading list covers a range of topics, but starts off with two articles by folks well known in the FinLit community. Advocacy Annamaria Lusardi’s most recent article in Education Week discusses how transformative a personal finance class can be for a teenager, but warns that it only works if the teachers themselves are truly fluent in the content and comfortable delivering the information. Can’t disagree with that! A CNBC piece by Billy Hensley (NEFE) explains how...

Reading List for August 23-25

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Aug 23, 2019
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Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....   Financial Literacy/Advocacy As Kentucky enacted a law to make personal finance a graduation requirement for High School, three Universities, with support from banks, have taken on the task of providing training for the teachers. (NK Tribune)   Economics The world’s central bankers and top economists are gathered for the annual symposium put on by the Kansas City Fed in Jackson Hole, Wyoming. Fed Chair Jerome Powell addressed...

What's New With Financial Pitfalls? (August 2019)

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Aug 16, 2019
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Financial Scams, Identity Theft, Parent Conversations
For College Students Once students turn eighteen, they are legally adults. Their parents no longer have a say in their health care or legal decisions (or grades—unless you and your student sign a Family Educational Rights and Privacy Act (FERPA) waiver.) So what happens if the student has a medical or financial emergency? An article from Kiplinger has been gaining traction as it advises families to get four legal documents in place when a child turns 18. Many are documents that are...

Reading List for August 16-18

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Aug 16, 2019
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Current Events, Parent Conversations, Paying for College, Investing, Economics, Retirement, Student Loans, Financial Scams, Insurance
As your former students or maybe your own children are heading off to college for the first time, here is some sage advice for them.   Having taught at a college for several years, and living amongst the students for even longer, I cannot agree more with the tips offered by a college professor in this MarketWatch article, like show up for class, turn off the phone, and go to office hours! I like the cartoons too!   And here is one for the parents. Once your child turns 18, their...

Reading List for Aug 2-4

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Aug 02, 2019
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Current Events, Economics, Career, Investing, Paying for College, Parent Conversations
Current Events Captial One Data Breach What you need to know about the Capital One data breach. A hacker obtained information on 100 million customer accounts across the US and Canada. Choose your source below for the facts and what to do about it if you are a victim. From Capital One. From Consumer Reports From the New York Times Fed Rate Cut Historic rate cut: the Fed announced a 25 basis point drop in the target interest rate on Wednesday, the first drop since 2008! For an explanation of...

Reading List for June 14-16

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Jun 14, 2019
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Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
Careers Here is a fun one! Take a look at these wacky job titles. It might be fun to have your students guess what each one might mean! (Indeed.com) Forbes provides another list – this time it is the best employer in each state. Can you guess the best employer for your state? (Forbes) Managing Credit This article explains how smart use of a secured credit card can help you build or boost your credit score. Now Amazon is getting into this game. (NYT) "The Financial Health Network...

Reading List for June 7-9

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Jun 07, 2019
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Financial Literacy, Parent Conversations, Credit Cards, Investing, Paying for College
Financial Literacy/Parenting In case you didn’t see this in your social media feed this past week, here is the NYT financial checklist for kids heading off to college by Ron Lieber.   Millennials Deloitte released the results of a study measuring the net worth of millennials (aged 18-35) and found that it dropped 34% from 1996 levels. Education cost increases may be largely to blame. (Yahoo) On a related note, lack of wealth is one reason millennials are delaying marriage, but they...

How To Develop A Parent Workshop, by Brenda Martin-Lee

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May 27, 2019
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NGPF Fellows, Personal Finance, Parent Conversations
The following blog post comes courtesy of NGPF Fellow, Brenda Martin-Lee of Seneca High School in Tabernacle, NJ. ----- How-to of the event:  It was very informal. I actually interjected myself into an existing event at the local library. It was a Game Night event where parents and students were attending. The number in attendance was around ten. I presented Ten Financial Principles to get the audience thinking about how they are currently managing finances and to hopefully take some of the...