Category: Personal Finance

Financially Underserved Communities Deserve Better: Here's Why

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Oct 20, 2017
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Article, Personal Finance, Financial Literacy, Current Events, Advocacy, Webinar
Just as food deserts unfortunately exist in abundance, so do bank deserts. The reality today is that so many Americans who live and work in financially underserved communities don’t have the time to go to the bank outside of their community because of their irregular work schedule. This issue cannot be ignored, as FDIC research has recently found that 67 million adults are unbanked, and this disadvantaged population has spent $141 billion in fees and interest rates in non-bank alternatives...

Common Cents: Avoid Withdrawing Money From Out-of-Network ATMs

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Oct 13, 2017
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Article, Personal Finance, Current Events, Checking Accounts, Debit Cards
The creation of the ATM saved quite a lot time for bank customers, as they no longer had to wait in line at bank branches to withdraw their money. Could escalating out-of-network ATM fees lead to the decline of withdrawing cash in the near future? I predict that the recent trend of peer-to-peer payment could lead to the eventual—and most unfortunate—downfall of ATMs starting in large metropolitan areas. In these markets, more and more people are opting out of using cash and instead...

Schools in the News

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Oct 12, 2017
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Schools In News, Personal Finance, Employment, Teaching Strategies, Financial Literacy
New financial literacy standards for Illinois schools (Fox Illinois) Schools around Illinois are teaching students the ins and outs of spending and saving money. According to the Illinois State Board of Education, these standards are meant to better prepare students for college and careers. The new standards were required to be implemented this school year. High schools host rock concert/financial literacy events (Nebraska Radio Network) A touring Midwestern rock band will play concerts...

How To Manage Your Spending Habits

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Oct 10, 2017
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Article, Generosity, Budgeting, Personal Finance
One of our NGPF team members recently discovered this New York Times article about different saving habits that people have developed over the years. NGPF is a big proponent of matters regarding personal finance, and so we thought we’d share this article, which is full of very helpful saving advice, with you. Financial education starts in the home, and it begins with developing good spending and savings habits. One of the best—and in my opinion, most mindful—saving habits from...

Infographic: Who Has Access to Financial Education?

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Oct 05, 2017
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Research, Personal Finance, Financial Literacy
In case you missed our groundbreaking research report last week on access to financial education in high schools across the U.S., thanks to the folks at Visual Capitalist, you now have an infographic that summarizes our findings:    Courtesy of: Visual Capitalist...

Student Debt: A Detriment to Homeownership?

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Oct 04, 2017
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Article, Personal Finance, Investing
Imagine not being able to afford a house of your own because the financial burden of student loans prevents you from saving for a down payment. This is the unfortunate reality is that many students face since the income they earn after they graduate college isn’t sufficient from to both pay down their student loans and start saving for a house. An article from MarketWatch highlights how student debt has impacted the quality of life for many Millennials, and infers how homeownership is just...

What's the Latest in Financial Education Research?

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Oct 03, 2017
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Article, Personal Finance, Credit Cards, Financial Literacy, Policy
We like to bring you the most current information relating to financial education. From elementary school to college and beyond, financial education is not only a necessity, but a fundamental topic that educates students and teachers alike on how they can financially prepare for their future. Here are six recent academic journal papers from George Washington University’s online Global Financial Literacy Excellence Center that you might find helpful in thinking about your instruction: ...

Activity Idea: What Do You Wish You Knew About Money When You Were 18?

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Oct 02, 2017
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Parent Conversations, Personal Finance, Activities, Activity, Current Events, Question of the Day
I am always looking for ways to engage students and their parents (and guardians or grandparents or older relatives) in conversations about money. This activity idea came from this article in FT (subscription) which was written by an intern and titled...yes, you guessed it, "What I Wish I Knew About Money When I Was 18." The intern asked reporters and other financial experts to share their sage advice. Here's a sampling of what they said: "Young people have to understand that they need skills....

Saving vs. Investing: Where Should You Put Your Money?

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Sep 29, 2017
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Article, Budgeting, Stocks, Personal Finance, Investing
Warren Buffett, perhaps one of the most well-known investors (and philanthropists) of our time, once said, “Do not save what is left after spending, but spend what is left after saving” (EOC POTPOURRI: Financial Literacy Edition). These days it’s all too easy to follow the mantra “treat yo self” and spend your hard earned money on things you don’t necessarily need the minute you get that direct deposit notification. So how much should you save every time you...

NGPF Research Report Finds That Only 1 in 6 High School Students Nationwide Required to Take Personal Finance Course To Graduate

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Sep 28, 2017
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Personal Finance, Financial Literacy
NGPF Research Report Finds That Only 1 in 6 High School Students Nationwide Required to Take Personal Finance Course To Graduate Palo Alto, CA –September 27, 2017- Next Gen Personal Finance (NGPF), a non-profit on a mission to bring effective and engaging financial education to all U.S. high school classrooms, today released a groundbreaking research report on the state of financial education. The report answers a fundamental question, Who has access to financial education in America...

Financial Education Explained by Danielle: My Credit Card Experience

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Sep 27, 2017
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Article, Personal Finance, Credit Cards, Credit Scores
This is my debut article for my new weekly column, Financial Education Explained by Danielle. This weekly column will feature my personal finance triumphs and tribulations, and hopefully students will be able to learn something new that they'll be able to incorporate into their lives for the better!  ... I wish my parents would have sat me down when I was in high school and explained what credit cards entailed instead of telling me “not to worry about it” until I got older. By...

The Real Cost of Food Delivery

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Sep 26, 2017
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Article, Budgeting, Personal Finance, Purchase Decisions
Not all heroes wear capes...some don casual clothing, drive their cars to pick up food from the restaurant of your choice, and deliver it to your door at a minimal fee. Gone are the days of food delivery being limited to just Chinese food and pizza. With apps such as GrubHub, Caviar, and Postmates, many restaurant goers have the ability to simply kick back at home after a long day at work and have food delivered to their doorstep. But the big question at hand still remains: is the convenience of...

Millennials and the Future of Sustainable Investing

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Sep 21, 2017
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Article, Generosity, Personal Finance
Generation Y, a.k.a. Millennials, are the largest generation on the planet right now since the Baby Boomers. Their spending and investment habits are becoming more predictable with most arrows pointing to an increase in sustainable investing.   Recently, a Visual Capitalist article published a study that found that investments in social change issues have risen by 33% in the last two years--mainly thanks to Millennials. Perhaps this escalation in sustainable investing can be attributed to a...

Schools in the News

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Sep 13, 2017
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Schools In News, Personal Finance, Financial Literacy, Advocacy, Professional Development, Career
Illinois Financial Literacy Standards Take Effect (Peoria Public Radio) Illinois schools will be required to teach financial literacy skills such as balancing a checkbook and putting money into a savings account this school year. The Illinois State Board of Education adopted revised social science standards in 2015. Catoosa County developing career academy to prepare students for jobs (Times Free Press) Catoosa County education officials are developing a new, specialized high school,...

NGPF Podcast: Tim Talks to FitMoney Executive Director, Robin Kahn

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Sep 05, 2017
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Podcasts, Personal Finance, Parent Conversations, Entrepreneurship
I'm excited to share this conversation that I had recently with Robin Kahn, the executive director at FitMoney.  FitMoney recently celebrated their one year anniversary and Robin shares the progress that has been made at her non-profit as well as how her business career prepared her for this role.  She describes the lessons learned over the past twelve months and the the three core concepts that she integrates into the personal finance curriculum she has developed. Listen to this...

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