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...
Nov 21, 2017
Generosity, Activities, Teaching Strategies, Budgeting, Parent Conversations
Thanks to NGPF Fellow Kerri Herrild of De Pere High School (De Pere, Wisconsin) for taking a chance on this new project and sharing it with the broader community:
I am excited to share a powerful project that my Personal Finance students recently completed. Students were introduced to the concepts of charitable donations using the NGPF unit on philanthropy. They were then assigned The Giving Project in which they were to research a charity that was meaningful to them and create...
Nov 19, 2017
Podcasts, Teaching Strategies, Parent Conversations, Savings, Personal Finance, Career
Want a radical approach to teaching financial education? How about creating jobs for your students at school and paying them for their efforts...then standing back and watch how they manage THEIR money. Dan LaSalle, educator at Olney High School in Philadelphia came up with this idea, received a grant to fund it and shares his observations after one year of running the IF (Identity and Finance) Project. His belief: to teach kids about money they need to have money to manage. Listen to the...
Nov 06, 2017
Question of the Day, Parent Conversations, Purchase Decisions
Answer (from Center for Generational Kinetics): 13 According to young people in the Generation Z cohort (born after 1995)
I became aware of this Gen Z research from the Center for Generational Kinetics at the JumpStart conference in DC this past weekend (thank you JumpStart for an awesome conference!). The engaging speaker, Alicia Rainwater, described generational differences in life philosophy, communications, technology and attitudes toward work and money. She then laid out...
Oct 25, 2017
Current Events, Parent Conversations, Purchase Decisions, Credit Cards, Behavioral Finance
From Washington Post (subscription):
The company’s newest efforts are aimed at getting shoppers ages 13 to 17 to purchase items on its site — with approval from their parents. Teens can now log into Amazon.com using their own accounts to buy items and stream videos. Their parents, meanwhile, can approve their purchases by text message or set spending limits per order.
From a business perspective, this makes a ton of sense in developing the next generation of shoppers hooked on...