Oct 05, 2018
Personal Finance, Current Events, Financial Literacy, Investing, Identity Theft, Career, Taxes
FinTech: Automating finances tops the popularity ranking of apps, but people still want access to people when it comes to financial planning. (BusinessWire)
Taxes: The IRS’ budget has been cut. That means fewer tax fraud cases and audits. (New York Times)
Careers: Here are fourteen things you should not say during a job interview. (Time Magazine)
Credit: Here is some helpful information on freezing and thawing your credit. (Cleveland.com)
Emergency Savings: Need to...
Aug 03, 2018
Personal Finance, Parent Conversations, Current Events, Taxes, Stocks
New for/about High School Students
I never thought cellphones in the class was a good idea, but what a battle! Here is some evidence that supports banning them. (Don’t miss the video about parents use of cell phones as well!)
High school kids fill out all kinds of surveys trying to help them through the college/career maze ahead, unaware that their data is being sold!
Parents may worry about their new college student succeeding away from home. Here is some advice on preparing them...
Jun 29, 2018
Personal Finance, Economics, Student Loans, Current Events, Taxes, Credit Cards, Credit Scores
Here is an interesting, though depressing look at the employment trends and lack of upward mobility among workers in the lowest quartile.
The markets seem to be taking the impending trade war seriously this week.
Student debt forgiveness is good news. The bad news? Forgiveness comes with a tax bill.
Employers offering help repaying student loans to attract workers in a tight labor market.
Taxes: Have you heard about the post card sized 1040? Here is...
Jun 22, 2018
Current Events, Employment, Personal Finance, Taxes, Stocks, Insurance
States cleared to charge sales tax on online sales and banks pass first phase of the Fed’s stress tests, wait to hear if they can buy back shares or increase dividends.
As baby boomers retire, there are fewer workers to take their places. Who will support them? This WSJ article includes some informative maps.
The FRB of Atlanta published an article detailing its findings on industries facing a shortage of workers.
One aspect of...
Jun 04, 2018
Question of the Day, Taxes, Budgeting
Here are the top 5 expenses for households (with amounts spent in 2016 ):
Personal insurance and pensions ($6,831): largely Social Security payments
What are some examples of housing costs? transportation costs?
Do you think these costs are about the same across your state? Explain.
Average income for American household in 2016 was almost $75,000. One rule of thumb is that...
Apr 18, 2018
Question of the Day, Taxes, Current Events, Research
Do you know what a W-4 is? If so,
Explain what it is in your own words.
How did you learn about it?
Given that anyone who earns a paycheck has to complete a W-4, why do you think so many people still don't know what it is?
You are hired by the I.R.S. to rename the W-4 so more people will remember it. What would you call it?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....
Apr 18, 2018
Math, Taxes, Teaching Strategies
So yesterday was the beloved TAX DAY here in the US. Funnily enough, the IRS website was down so maybe those procrastinators will get lucky and be given an extension (update: they were given one more day). I’m sure that students are asking all types of tax questions due to both current events and the tax season, so it is only fitting that we highlight a Taxes Activity related to Math for our Math Spotlight this week!
Drum roll…To kick it off, CALCULATE: Completing a 1040EZ is a...
Apr 17, 2018
Question of the Day, Taxes, Research
Answer: Individuals pay five times more ($1.66 trillion) compared to corporations ($324 billion) based on fiscal year 2017 projections
Who do you think should pay more in taxes? Why?
When it comes to lobbying Congress on taxes, who do you think has more power: individuals or corporations? Explain.
What do you think is a more powerful boost to the economy: a dollar of corporate tax cuts or a dollar of individual tax cuts?
Click here for the ready-to-go...
Apr 16, 2018
Question of the Day, Taxes, Current Events, Research
Did the answer surprise you? Why?
Why do you think that health costs are such a large part of the federal budget?
If you could prioritize spending among these three categories, how would you order them from most to least important? Explain.
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (National Priorities Project):
Tax Day materials...
Apr 15, 2018
Question of the Day, Taxes, Research, Current Events
Answer: April 17, 2018
Normal deadline is April 15th but 15th is a Sunday and D.C. has Emancipation Day holiday on 16th
59% of consumers don’t know when their taxes are due
Just like school work, why is it important to know the deadline to file your tax return?
Can you file your tax return early? Why might be a reason to file BEFORE the deadline?
Why do you think the IRS gives people a few months in order to file their tax return?
Click here for...
Apr 15, 2018
Taxes, Video Resource
Here are three videos (with three questions for each) that do a good job of engaging your students with a "not so easy to engage" topic:
PBS 2 Cents Project: How do your tax dollars get spent? [4:34]
What is the FICA tax that gets deducted from your paycheck?
How do today's tax rates compare with tax rates over the last 100 years?
What are the three largest items that get paid from federal income taxes?
Hear Philip and Julia, producers of 2 Cents, on this NGPF Podcast
Apr 13, 2018
Podcasts, Behavioral Finance, Video Resource, Taxes
Julia Lorenz-Olson and Philip Olson are two self-described theater kids who gradually got interested in finance (something about being a starving artist). This interest mushroomed into a career switch and ultimately to them starting their own fee-based financial planning firm, The Art of Finance. What caught our attention recently, however, was their weekly show about personal finance for millennials and Gen Z on PBS, Two Cents. This series has rocketed up the charts with their first ...
Apr 12, 2018
Taxes, Current Events, Economics
It’s Tax Time - Tax Week (they are due on Tuesday), so what better time to take a look at the past quarter’s tax headlines.
2017 Tax Filing
Do you put off your taxes until the last moment? Now is your time, and here are some things to check to make sure you are taking full advantage of deductions and credits before new tax laws go into effect.
And do your math correctly, sign the form/check, and put a stamp on it!!!! Avoid making the mistakes people make that delay their refunds....
Apr 10, 2018
Teaching Strategies, Case Study, Taxes, Professional Development, Interactive
Look for this new column, "In The Trenches," to become a regular feature on Tuesdays for the NGPF Blog. Teachers will share their experiences in the classroom and how they apply what they learned at NGPF PD events (FinCamps, FinCamps PLUS, Summer Institute and Summit). This week, we focus on how two NJ educators applied what they learned at the recent NGPF Summit.
Kay Paolucci: Barringer Academy of STEAM (Newark, NJ)
I wanted to share my experience with the 1040EZ activity. The activity supplies...
Mar 02, 2018
Article, Investing, Taxes, Budgeting, Behavioral Finance
Personal (mostly financial) news you can use:
Getting ready for tax season, what makes you more likely to be audited by the IRS?
Next time you pick up a prescription at the drug store, maybe you should ask what the cash price would be. (Pharmacists can’t volunteer that information.)
Anyone living in Ohio? Watch for a ballot initiative in November for payday lending reform. The issue is important for all to understand.
It can’t hurt to include some good advice...