10 Money Milestones For Parents Who Want to Teach Their Kids About Money
By Tim Ranzetta
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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...
What have been the top 10 NGPF Questions of the Day?
By Tim Ranzetta
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Nov 12, 2018
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Question of the Day, Insurance, Budgeting, Career, Credit Cards, Paying for College
A little over a year ago, we made the fateful decision to produce a new Question of the Day for every day during the school year. Over 250 questions later, we're still going strong. I thought it would be fun to go back and see what questions garnered the most pageviews to try and tease out some themes.
Announcing NGPF's top 10 Questions of the Day since October 15, 2017:
10. What's the average lifespan of a toy fad?
9, What color car is more costly to insure: red or black?
8. What are teens...
How Teachers Use NGPF: A Month In the Life of the NGPF Website
By Tim Ranzetta
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Nov 06, 2018
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Research, Teaching Strategies, Personal Finance, Interactive, Activities, Paying for College
A huge thank you to educators who have shared their excitement about our website and PD offerings to their colleagues. You have helped us expand our impact as we have added over 10,000 teachers to our platform in just the last 12 months. The largest source of new teachers: "word of mouth." This allows NGPF to spend less on marketing our services and more on serving teachers with FREE curriculum, PD and advocacy efforts.
This jump in teachers has translated to tremendous growth with our...
Question of the Day; What is the average cost of tuition and fees at public 4 year colleges in your state?
Answers will vary
Here's a link to the spreadsheet with the answer for each of the 50 states.
Questions:
How did you do with your guess? Did you under or over-estimate the average cost?
This question was about tuition and fees. What is another major cost for students going to college?
How does knowing the “correct” answer affect the way you think about college?
This research surveyed 9th graders. Do you think the results would be different if they surveyed 12th graders?...
Reading List for November 3-4
By Beth Tallman
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Nov 02, 2018
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Financial Literacy, Cryptocurrencies, Economics, Paying for College, Retirement, Insurance
Financial Literacy
A survey by Ipsos on behalf of MNT, Ltd reveals that apparently, Canadians need help with financial literacy education as well.
The Visual Capitalist depicts the US problem with financial literacy in pictures.
Economics/Cryptocurrency
250,000 jobs added this month, unemployment at 3.7%, and wages starting to increase (NYT), so what’s the problem? The Opportunity Index answers that question, and Third Way breaks it down for you. It may be worth the half hour it will...
What's Trending on NGPF Blog in October?
By Tim Ranzetta
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Oct 29, 2018
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FinCap Fridays, Checking Accounts, Paying for College, Career, Employment
Each day, the NGPF Blog delivers two new pieces of content including an engaging Question of the Day. Here's new posts that teachers are reading this month which shows the variety of content you will find there.
FinCap Friday: Human Vs. Machine In this FinCap Friday, students will complete a 5 question Kahoot and then hear a five minute explainer from Yanely.
Interactive Monday: Wage and Employment Growth Across Occupations. Let your students interact with the data on...
Question of the Day; What percent of teens expect to work part-time while in college?
By Tim Ranzetta
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Oct 28, 2018
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Question of the Day, Paying for College, Employment, Research, Current Events
Answer: 58%
Questions:
Do you plan to work part-time while in college? If so, how many hours do you want to work?
If you don't plan to work part-time while in college, what jobs/internships do you want to pursue during the summer?
How much do you want to save from your part-time job/internships?
What do you think is the optimal number of hours for working a part-time job without impacting your studies?
Click here for the ready-to-go slides for this Question of the...
PAYBACK Committee Created at City As School (New York City)
During my visit to City As School in NYC last week, I discovered that an incredible group of teachers had come together to form the school’s very own “Payback Committee!” It was such a great idea - I knew I had to share it!
With just 3 weeks left until the Payback Challenge submission deadline on November 14, 2018, 8 high school teachers at City As School sought to encourage more students to participate in our scholarship contest by sweetening the deal!
They used school...
Reading List for October 20-21
Paying for College
The majority of this week’s articles happen to be related to paying for college: the cost of college, student loan forgiveness, financial aid and how parents pay for college. I have also included a link to Beth Kobliner’s website and her series on paying for college, which you could recommend to parents.
After reporting that the “sticker price” of college keeps rising, the WSJ explains that the REAL cost is not.
A study by Sallie Mae finds that on...
Reading List for October 13-14
Investing
Bringing you lots of relevant articles on investing this week, from current events (stock market drop this week and interest rate increases) to analysis of booms, busts, and advice.
Wednesday’s market drop as explained by the New York Times.
Here is an article from 2016 by Ron Lieber (NYT) that came up in my feed but is timeless advice relating to this week’s market movement.
Neil Irwin explains in his Upshot article (NYT) the upside of rising interest rates.
This one from...
Question of the Day: How Much Do Parents Expect Their Kids to Save for College?
Answer: $15,385
Regardless of whether or not you plan to go to college, how much do you anticipate having saved prior to high school graduation?
Have you had "the conversation" with your parents/guardians about how much they expect you to contribute to college savings OR if you plan to live at home after high school how much they want you to contribute in "rent?"
Why do you think that 40% of parents haven't had that discussion? What makes it difficult?
Here's the ready-to-go...
Question of the Day: How many seniors in your high school completed the FAFSA last year?
Answers wil vary.
You can find this answer by clicking on this link here and searching for your school. Use the "Applications Complete" figure for the 2018-19 cycle.
Questions:
Why is the FAFSA important when it comes to paying for college?
What percent of seniors in your high school completed the FAFSA? Hint: Take the number of completed FAFSAs and divide by number of 2018 graduates.
What do you think are some of the reasons that 100% of seniors didn’t complete the FAFSA?
Do you plan...
Reading List for September 29-30
By Beth Tallman
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Sep 28, 2018
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Career, Insurance, Paying for College, Personal Finance, Current Events
Career advice
The New York Times discusses the importance of mentors (especially for women) to your careers and talks about how to find them.
Recode brings us data on the realities of the gig economy – more people working it but their earnings are down from five years ago.
Insurance
Life insurance companies are offering premium discounts for healthy behavior, applying behavioral finance concepts. (NYT Your Money column)
Recent growth in health club industry has been attributed to the...
What's Trending on The Blog?
By Tim Ranzetta
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Sep 28, 2018
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Budgeting, FinCap Fridays, Checking Accounts, Career, Paying for College
Here's the new posts that have been trending on the NGPF Blog over the past month:
FinCap Friday: Famous and Frugal
Question of the Day: What percent of 18-24 year old anticipate using a bank branch over the next 10 years?
Interactive Monday: What's the Level of Education In Your County?
Interactive Monday: Who's Been Working in America?
Chart of the Week: What is the Most Popular College Major?
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FinCap Friday: Tuition, Fees, & Books, Oh My!
By Tim Ranzetta
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Sep 27, 2018
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FinCap Fridays, Paying for College, Student Loans, Question of the Day
In the second part of our two-part FinCap Friday series on colleges, we tackle the cost side of the equation and describe the various ways that families pay for college. Your students will walk away with tools to help them make this process a little less daunting:
New to NGPF's FinCap Friday? It's a fun way to engage your students with current events and includes:
A five question Kahoot!
A 90 second video providing details about the current event and explaining why it matters to students...
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