Aug 30, 2019
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.
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...
Aug 23, 2019
Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....
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)
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...
Aug 16, 2019
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...
Aug 09, 2019
Checking Accounts, Economics, Investing, Retirement, Career, Current Events
With mobile deposits, checks may be “deposited” more than once. Banks’ systems are not catching all duplicate deposits. This happened to an organization for which I am the Treasurer, and it can happen to you. (Cleveland Plain Dealer)
This is potentially big news for folks living paycheck-to-paycheck. The Fed just announced that they will develop a public sector system for real-time payments (check clearing). (New York Times)
Here is a British perspective on...
Jun 09, 2019
Question of the Day, Investing, Retirement
Answer: The letter C
Why do you think that investments with the letter C might be selected more frequently than the investments starting with the other letters?
What does your answer to the previous question say about human nature when it comes to challenging decisions with lots of options?
How can you overcome this alphabeticity bias?
Think of a decision that you recently made that had lots of choices (meals, career choices, colleges, classes to take). Describe...
May 31, 2019
Investing, Credit Cards, Behavioral Finance, Budgeting, Research, Retirement
From 403(b) plans to goal setting to digital decluttering and graduation advice...enjoy these weekend reads with your favorite cup of joe:
Thinking that annuity in your 403(b) is gouging you? You are probably right (from Barrons): "Teachers’ 403(b) plans are sold directly to individuals, rather than to employers, so the interest of the salesman was coming first. “Imagine you’re a kindergarten teacher and they’ve given you a 400-page prospectus about variable...
May 21, 2019
Question of the Day, Behavioral Finance, Retirement, Investing, Insurance
As you think about leaving high school, what would be your top money worry?
How do you think your parents/guardians would answer a question like this?
What are steps that a person can take to reduce their worries when it comes to the first three items on the list?
How much do you think these answers would change during a recession (we are currently in the midst of an ongoing economic expansion)?
Here's the ready-to-go slides for this Question of the Day...
May 10, 2019
Investing, Stocks, Advocacy, Credit Cards, Mortgages, Retirement
We will start with Investing this week because this week's biggest news is today’s Uber’s IPO. Here is all you need to know about the one of the largest IPOs! (NYT)
Uber was priced at $45/share--the “low end,” and keeping the valuation at $82B, well below the expected $100B. Looks like “low end” wasn’t low enough. Watching CNBC Squawk Box as the market was “building the book” before the first trade was fascinating as the...
May 03, 2019
Economics, Paying for College, Insurance, Investing, Retirement, Current Events
The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured.
A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.
Paying for college
Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ)
Apr 19, 2019
Financial Literacy, Career, Investing, Behavioral Finance, Payment Types, Retirement, Current Events
NGPF is in this list of quality free curriculum (and training) for personal finance teachers—no excuse for not being prepared!(Marketwatch)
Need some inspiration this weekend? Read this Marketwatch piece about Troy Murphy’s pursuit of spreading financial literacy. NGPF fellow Kerri Herrild’s Giving Project and Daniel LaSalle’s Philly Financial Cooperative are the beneficiaries of Troy’s work. Then listen to the podcasts Tim has done with all...
Feb 22, 2019
Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
“Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!!
The costs of being a woman: Why women end up with less money. (Beth Kobliner)
An interesting series of charts from Visual Capitalist shows where the breakdown of investments in 2018
Lyft has not become a verb like “Uber” has, but it looks like they will beat Uber with its IPO. (CNBC)
Feb 18, 2019
Interactive, Retirement, Investing, Index Funds
We all know how difficult it is to get kids to think about investing for retirement but also know how important it is to convince them to start investing ASAP given their youth and the magical powers of compound interest. So, what's the hook? What young person doesn't dream of retiring early which is kind of ironic given that many of them have these thoughts before they even have their first job. Stay with me. This focus on early retirement, which has gained more prominence recently with the...
Feb 15, 2019
Personal Finance, Budgeting, Paying for College, Taxes, Retirement, Current Events
Valentines Day article: here is great pickup line: “Be my financially compatible Valentine?” (WSJ)
For those fans of “personal finance on a postcard” concept, here are the rules of thumb according to (Money Maven).
More on taxes from Michelle Singletary of the Washington Post, including what NOT to do if you find you owe the IRS money. (New tax laws > lower withholding > lower refunds, if any.)
Some fun celebrity facts to bring home the...
Feb 11, 2019
Just One Resource, Investing, Retirement
In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] ROLEPLAY: Sign Up for a 401(k)
The Gist: Students play the role of a new college graduate who has to pick investments in their first ever 401(k)!
The Best Parts:
Students see how much money they have in their monthly budget to allocate towards...
Feb 01, 2019
Economics, Investing, Taxes, Retirement, Budgeting
A whopping 304,000 jobs were added in January, but December’s 312,000 was revised down to 222,000. Get all the details here: (NYT)
State Street basically invented the ETF, so why has its share of the ETF market steadily declined over time. (WSJ)
December market performance was the worst since the Great Depression, but January was the best in 30 years!!! Talk about volatility! (CNBC)
Do your budgeting lessons include covering hospital bills? These stats...