Category: Savings

NGPF Best of 2021: Most Visited Unit Pages

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Dec 19, 2021
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Savings, Budgeting, Investing, Checking Accounts, Taxes, Credit Cards, Credit Scores, Career, Paying for College
Wondering what topics garner the most page views on the NGPF website? Taxes took the top spot this year dethroning Checking which held the top spot for several years. The curriculum team updates the taxes unit each year to reflect new tax tables and changes to the tax code. Here's the plan for 2022.  The Unit Pages are accessible by clicking these images on the home page: Why are these pages the most popular on the website?  Educators see all NGPF resources on a given topic (unit) on...

NGPF's Best of 2021: FinCap Friday

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Dec 16, 2021
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FinCap Friday, Investing, Behavioral Finance, Paying for College, Savings, Career, Stocks
Every Friday during the school year, FinCap Friday, produced by Yanely Espinal, engages high school students. She produces a 2 minute explainer video with a Kahoot quiz with a no-tech version also available. Since it's launch in August of 2018, FinCap Friday quizzes have been played close to 2 million times! Here are the top FinCap Fridays produced in 2021: Crypto Going Global Until the Game Stops The Great Resignation Financial FOMO Pain in the Supply Chain So You Want To Be An Influencer?...

Question of the Day: What percent of teens have opened a bank account?

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Oct 26, 2021
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Question of the Day, Savings
Answer: 61% of teens have opened a bank account Questions: Do you have a bank account currently? Why or why not? What are the benefits of opening a bank account as a young person? What are the reasons that young people might decide NOT to open a bank account? What do you need to open a bank account, if you are under the age of 18?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the...

Question of the Day: Since March of 2020, which month saw the highest U.S. personal savings rate?

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Oct 13, 2021
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Question of the Day, Savings
Answer: April of 2020 when personal savings rate hit 33.8% Questions:  Why do you think the savings rate peaked in April of 2020? [Time article explains why] Do you think these savings habit will stick in the long-term? Why or why not? What do you think is a good saving target to aim for personally? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Time):  The U.S. personal saving rate...

Top 5 Interactives Posts: Summer 2021

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Sep 29, 2021
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Interactive, Behavioral Finance, Budgeting, Career, Checking Accounts, Insurance, Savings
Each week on the NGPF blog, we highlight a new, engaging interactive. In each of these posts, we summarize the interactive, provide suggestions for classroom discussion, and include a complementary NGPF student activity or teacher professional development opportunity on the topic. Here are the 5 most popular interactive posts from the summer of 2021:  #1 Dark Patterns At Work: Do you ever feel like you are being manipulated on websites? Unfortunately, dark patterns are all too...

Interactive: Your Financial Well-Being

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Sep 15, 2021
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Interactive, Savings
Many teachers perceive that their personal finance class provides a great opportunity to teach students the skills to improve their financial well-being. This skill development can also reduce the likelihood of future mental health problems that can be brought on by money worries. This longitudinal study found that the financial stress of college students causes depression, anxiety, alcohol abuse, and eating disorders (in females). For many lower to moderate-income students, low measures of...

What's New With Banking (2021)

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Jul 17, 2021
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Checking Accounts, Savings
This is the first of the 2021 “What’s New With…” series. As I began my research for the series, a common theme emerged. The Pandemic has altered, perhaps permanently, many aspects of our financial lives. In terms of banking, the pandemic really accelerated three trends:   Accelerated movement along the continuum from in-person banking to online banking to use of banks’ mobile apps; Proliferation and growth of digital-only banks (challenger banks) competing...

NGPF On-Demand: Saving Modules

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May 27, 2021
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Professional Development, Savings
NGPF On-Demand is a professional development opportunity that allows teachers to deepen their content knowledge on their own schedule and at their own pace. With 30 modules covering 15 different topics/units, with have TWO modules focused on saving.    Module #1: The Psychology of Saving This module investigates the psychological factors that make saving difficult and explores strategies to overcome those challenges. Here are some highlights from “The Psychology of Saving”...

Question of the Day: What was the U.S. personal savings rate in March 2021?

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May 02, 2021
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Question of the Day, Savings
Answer: 27.6% (as of March 2021) View the current Savings Rate   Questions:  How does the personal savings rate today (about 27.6%) compare to the rate during other periods of time? In our current historical moment, what factors have caused the personal saving rate to be so high? What do you think is a good saving target to aim for personally? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Wall Street...

EdPuzzle Thursday: Is the Savings Account Dead?

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Apr 08, 2021
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EdPuzzle Thursday, Savings
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week's EdPuzzle video titled "Is the Savings Account Dead?" looks at the "real return" of savings accounts and additional tools to use when saving for mid-to-long term goals.      Interested in more EdPuzzle...

Question of the Day: Rank order (from highest to lowest) how consumers plan to use stimulus payments received in March 2021: Spent it, Paid down debt, Saved It?

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Apr 07, 2021
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Question of the Day, Savings
Answer:  Questions: Consumers received three stimulus payments over the past year. How much of a difference is there in how they used the payments? Consumers saved a significant amount of all three stimulus payments. What do you think they are saving for? What would you do if you received $1,400 now? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Fed survey): Similar to the second round of stimulus, household heads...

A NEW Kind of Bank Account

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Mar 09, 2021
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Checking Accounts, Savings, Current Events
What is Bank On? A Bank On account is required to be a safe low-cost transactional product. Most of the nation’s largest financial institutions, many community banks, and credit unions have committed to offering Bank On accounts. We developed this easy-to-use handout for teachers which is full of the resources you need to help students open safe and low-cost bank accounts: Disclaimer: NGPF does not have a relationship with Bank On, but we see the importance of sharing Bank On...

NGPF On-Demand: The Psychology of Saving

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Feb 15, 2021
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Professional Development, Savings
NGPF On-Demand is a professional development opportunity that allows teachers to deepen their content knowledge on their own schedule and at their own pace. One of the 16 modules currently available is "The Psychology of Saving". In this module, you will identify hurdles to saving money and learn strategies to make saving easier.    Here are some highlights from the module:  Learn about the obstacles and cognitive biases that make savings difficult and share your learning with...

Question of the Day: How many Americans could not pay a surprise $1,000 bill using their savings account?

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Jan 27, 2021
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Question of the Day, Savings
Answer: 38% (Charging a credit card and pay over time, borrowing from a friend/family member, or taking out a personal loan) Questions: Are you surprised by this number? Why or why not? What are some surprise expenses that could amount to $1000? What are some surprise expenses that cost more than $1000?  Between charging a credit card, borrowing from a friend, or taking a personal loan, what option is most costly? Why? Click here for the ready-to-go slides for...

Podcasts In The Classroom: How Do You Think About Saving?

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Jan 11, 2021
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Podcasts, Savings, Podcasts In The Classroom
After more than 400 teachers expressed interest in bringing podcasts into the classroom, we decided to build out a ready-to-use activity to fulfill that desire. This week's activity (you will be asked to Make a Copy when you click on the link) revolves around the topic of Saving and has incorporated 2-3 minute audio excerpts from the NGPF Podcast. Students will have the option to listen to Adam Carroll (Author and Producer of Broke, Busted, & Disgusted), JL Collins (Author of The Simple...