Category: Taxes

NGPF Podcast: Tim Talks To Educator Nick Simmons of Hopkins Academy (Hadley, MA)

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May 05, 2017
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Podcasts, Teaching Strategies, Taxes, Audio Resource, Featured Teachers
Thanks to Nick Simmons for his recent appearance on the NGPF Podcast. I learned about Nick’s work at the Hopkins Academy in Hadley, Massachusetts from a recent feature in the local paper describing his passion for personal finance. In this podcast, Nick shares his methods for teaching challenging topics like taxes and investing and how he uses technology in creative ways. You will also learn how his advocacy work made personal finance education a requirement at his high school. Enjoy!...

Question: What Does It Mean To Be An Adult?

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May 04, 2017
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Budgeting, Investing, Current Events, Taxes
An entertaining question to get a discussion rolling with your students. Note the number of items at the top of the list that are related to finances (e.g., paying own bills, full-time job, financial assistance…). How many are covered in your class? From BuzzFeed:     ...

Activity Idea: Personal Finance In My Life

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Apr 25, 2017
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Activities, Activity, Personal Finance, Checking Accounts, Advertising, Current Events, Taxes
My travels took me to Chicago and New York recently and here are some images related to personal finance that I captured: Thanks to the Federal Reserve Bank of Chicago for recently co-hosting the Financial Literacy Summit with VISA. I enjoyed moderating the panel on Expanding Access to Financial Education Programs (video for Session 6  here): Would you take tax advice from a “tax truck?” Seen on the streets of New York the weekend before Tax Day: What is a collateral loan...

NGPF Podcast: Tim Talks To Greg Hock About What Teens Need to Know About Taxes

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Apr 12, 2017
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Taxes, Podcasts
Thanks to Greg Hock for taking time out during this busy tax season to join me on the NGPF podcast. I have been a client of Greg’s for a few years now and appreciate the value-added services that he provides that go well beyond just filing a tax return. I enjoy exchanging ideas and getting his perspective about building financial capability in young people, which come from years of experience of being a trusted parter with his clients.  I enjoyed our wide-ranging conversation in this...

Time Launches Coinage, A Video-First Site Dedicated To Personal Finance

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Feb 08, 2017
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Video Resource, Credit Scores, Personal Finance, New Products, Taxes, Credit Reports, Entrepreneurship
From Press Release: Today, Time Inc. (NYSE:TIME) launches Coinage, a new video-first brand covering personal finance that runs across 22 Time Inc. sites. Coinage will feature 600 short-form videos throughout 2017 to help guide everyday choices consumers make in spending, saving and investing for themselves and their families across all stages of life in a lighthearted and entertaining fashion. Here are the first three videos they released. Each are between 1-2 minutes: Super Bowl: discusses how...

Earn DonorsChoose Credits For Teaching Your Students Essential Financial Skills

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Jan 07, 2017
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Budgeting, Credit Scores, Credit Cards, Investing, New Products, Taxes, Credit Reports
The DonorsChoose/NGPF Program where teachers can earn credits for teaching financial skills expires on April 30, 2017. Visit this page for updated information.  ———————————————— Next Gen Personal Finance (NGPF) is committed to expanding access to high quality personal finance educational content. Through our partnership with DonorsChoose.org, we will be bringing our engaging and easy to implement...

Current Event: Voters reject funding NFL Chargers stadium

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Nov 14, 2016
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Current Events, Taxes
As you may or may not know, NGPF has a team of hardworking high school interns that help us with all manner of business. Today, a hat tip goes to Sid, who found this article from the NY Times — San Diego Voters Reject Funding of New Chargers Stadium. While this isn’t exactly personal finance, it fits in a few places in our NGPF curriculum: As a lead-in to our project Should Municipal Bonds Fund Stadiums? which Sid was instrumental in creating with me (Jessica). After doing online...

Question: What Do Young Americans Wish They Learned More About In School?

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Nov 01, 2016
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Question of the Day, Career, Budgeting, Investing, Current Events, Chart of the Week, Taxes, Employment
Not a bad starting point for thinking about what to include when designing a personal finance curriculum. Better yet, share this with your administration to lobby for a personal finance graduation requirement. From USA Today/Bank of America Survey: ___________ Here are a few of our top resources in those investing and taxes categories: Investing Investing unit with six lessons Activities Calculate: Compound Interest Read: What Does It Mean To Own Stock? Joining the Market The Fine Print ...

NGPF Launches "The Fine Print"

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Oct 27, 2016
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Teaching Strategies, Career, Credit Cards, Personal Finance, Lesson Idea, Investing, New Products, Current Events, Insurance, Taxes, Credit Reports, Employment
Read the fine print! We hear that advice all the time (a quick google search found it here and here and here). Yet, we didn’t see any resources out there that would actually develop the critical thinking skills required to navigate the complex world of financial products. So, today we launched a new product “The Fine Print,” mini-lessons to give students practice with the important forms, statements and agreements they will encounter in their financial lives. Given that our...

Interactive: Should I Invest In A 401(k), IRA or Both?

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Oct 04, 2016
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Interactive, Investing, Savings, Taxes
A good simulation after your students have some background knowledge on retirement plans. Here’s a good simulation from Betterment t that asks a series of questions and then provides a recommendation on where someone should put their savings. Here is what the calculator is trying to achieve: This calculator aims to answer three important questions regarding your individual situation: 1) How much can you contribute to each type of Individual Retirement Account (IRA) account for the...

NGPF Podcast: Tim Talks To Founder of Young Finances, LaTisha Styles

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Jul 12, 2016
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Investing, Taxes, Podcasts, Tips for Teachers
Thanks to LaTisha Styles for joining the NGPF podcast. We had a great conversation about a variety of topics from the highs and lows of her entrepreneurial journey as founder of Young Finances to providing ideas (and resources) on how to explain taxes and investing to young people. Listen to this podcast to hear about LaTisha’s educational pivot and how her college experiences can be instructive about factors for your students to consider when selecting a college major. She provides...

Video: The Two-Minute Tax Explainer

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May 31, 2016
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Taxes, Video Resource
Hat tip to the teacher (you know who you are!), who shared this “Story of Tax” video with me at a recent workshop that I attended in New Hampshire. What do I like about it? It’s under two minutes long It provides a historical perspective on tax systems from ancient times It provides simple explanations about what taxes pay for It shows the underlying principles of tax systems in another country The narrator has an Australian accent (the video was produced by...

Question: When Do People File Their Tax Returns?

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May 16, 2016
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Chart of the Week, Question of the Day, Research, Current Events, Taxes
Answer: At the last minute. From FiveThirtyEight.com A few questions: What would be an appropriate headline for this chart? For the 3/4 of tax filers that are getting a tax refund, when is the optimal time to file taxes? What are reasons that you think so many people wait until the last minute to file their taxes? How are taxpayers able to get an extension on their tax returns? What steps do they need to take? Want this resource and questions in slide format to use in class? Click here!...

Those Vexing Tax Terms...Exemptions, Deductions, Dependents, Oh My!

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May 10, 2016
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Taxes, Teaching Strategies, Current Events, Tips for Teachers
I got a question from a teacher who wanted some ideas on how to bring these tax terms to life for her students. I haven’t developed this into a formal lesson (yet), but I wanted to get this out there in hopes that it will help someone else who is struggling with these concepts also. Enjoy! How can you legally cheat the taxman? Here are two ways to reduce your taxable income legally! Exemptions: Think of exemptions as related to people. For example, your parents can reduce their...

NGPF Podcast: Tim Talks With 2016 NGPF Teacher-Innovator Award Winners

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May 04, 2016
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Career, Teaching Strategies, Current Events, Insurance, Taxes, Audio Resource, Activities, Podcasts
In this podcast episode, we speak to three NGPF Teacher-Innovator Award Winners. Each year, during Financial Literacy Month, NGPF recognizes educators with an inventive and innovative streak. Chosen from dozens of submissions, these award winners projects stood out for their creativity and how they took challenging topics and brought them to life for students. You will enjoy hearing each of these educators describe their projects, including what inspired them to create it, the details on how...

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