Date Filter: 2015/11/

The Word is Spreading... A Recap from our Conference Tour

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Nov 24, 2015
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Teaching Strategies, Front Page Spotlight, Featured Teachers, Professional Development
As we head into Thanksgiving and prepare to spend time with wonderful family and delicious food, I wanted to take a moment to reflect on the past month. November is a busy conference month, and we were certainly out in full force. Below you can find a recap of each event we attended, but first I wanted to start with a story from the last day of the tour, at the FBLA FNLC Conference in Baltimore. I was packing up my supplies when a single teacher strolled through the exhibit hall, saying she was...

November Survey Results: How Many Of Your Preps are Personal Finance?

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Nov 24, 2015
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Financial Literacy, Survey Results, Professional Development
We know that teachers are incredibly talented, and often asked to multi-task. And since our goal is save you time and make life easier, we wanted to know: How many of your preps are personal finance classes? When we couldn’t find definitive answers online, we decided to ask the questions ourselves. Here’s what our NGPF community said… ...

Project: Plan a Friendsgiving Dinner

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Nov 20, 2015
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Activity, Budgeting, Activities, Excel activities
If you’re already done with school before the Thanksgiving holiday, LUCKY YOU! Enjoy your much-deserved rest and relaxation. For the rest of you, I’ve generated this timely project, “Plan a Friendsgiving Dinner,” you can use in your classroom in the early parts of next week, even if attendance, motivation, or both are low in your personal finance classes. The gist of the project is your students work in groups (whatever size you prefer) and they hypothetically plan a...

Question: Are Your Students Smarter Than The Average American?

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Nov 19, 2015
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Research, Investing, Financial Literacy, Current Events, Math, Quizzes, compound interest
You know that sports cheer “We’re #1?” Well, when it comes to personal finance, the U.S. comes in #14 according to a recent global survey of financial literacy. Here are the five questions asked of over 150,000 adults in 148 countries: How did the U.S. do? From WSJ Blog: To gauge financial literacy, and capture whether adults know how to make sound decisions, the researchers asked questions on four basic personal finance topics: inflation, interest, compounding and...

NGPF Podcast: Tim Talks To Robbin Lussier, Personal Finance Innovator at Chicopee High School (MA)

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Nov 17, 2015
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Personal Finance, Financial Literacy, Teaching Strategies, Schools In News, Featured Teachers, Professional Development, Parent Conversations, Podcasts
It’s Tuesday, so time for another NGPF Podcast. Thanks to Robbin Lussier, business teacher from Chicopee High School in Chicopee, MA for participating in this podcast. In this wide-ranging interview, Robbin’s enthusiasm for personal finance shines through with her words and actions. She advocates for a dedicated personal finance course at her school…and gets it. She searches for a solution to her professional development needs…and drives long distances to participate in...

Activity Idea: What's Your Money Story?

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Nov 16, 2015
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Behavioral Finance, Personal Finance, Financial Literacy, Teaching Strategies, Audio Resource, Activities, Parent Conversations
We call it “personal finance” for a reason. We all have our own relationship to money shaped by myriad influences; parents, peers, neighborhoods, culture, society writ large…. Marketplace.org developed a series of interview questions they referred to as the Marketplace quiz “because what we do for a living, spend our money on and why usually reveals more about our personalities than we’d expect.” My thinking as I looked at the questions was “What a great...

How Can A Bad Credit Score Hurt You...Let Me Count The Ways

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Nov 16, 2015
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Credit Scores, Question of the Day, Credit Cards, Current Events, Insurance
The list just keeps on growing. Add risk-based pricing to the mix, which means cable/internet/phone companies can charge you more if they perceive you to be a credit risk.  This LifeHacker’s Two Cents article should be required reading before students take the first step to building their credit history, which will usually be a credit card or student loan. As we noted in an earlier post, having low credit scores can hurt in the relationship department too:) Here are the disadvantages of a...

A Cheat Sheet For Your Financial Life

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Nov 16, 2015
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Credit Cards, Investing, Savings, Financial Literacy, Chart of the Week, Writing assignment
From LifeHacker’s Two Cents: Why do I love this chart? Too often in personal finance, we focus on curricular “units” instead of taking a more holistic approach to finances. So, we talk about savings in one unit, investing in another and credit in another when our lives are much more integrated than this approach would suggest. I love this graphic because it helps students see a fuller picture on how to prioritize savings, debt, investing for retirement and just plain...

From the Suggestion Box: Jodie Holmquist of Hinsdale Middle High School (NH)

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Nov 16, 2015
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Schools In News, Featured Teachers
We love getting feedback from the educator community about how we can serve you better. The email below that we received today is a great example of how one teacher’s suggestion can make our curriculum better for all! What Jodie did was give students our activity and while grading the work, she identified an area for improvement. From Jodie Holmquist, Business teacher at Hinsdale Middle High School in Hinsdale, New Hampshire (home of the Pacers): I have just finished correcting the...

Chart: Who's Saving More For Retirement?

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Nov 16, 2015
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Research, Investing, Current Events, Chart of the Week
Answer: Women From The Atlantic:  A new white paper from Vanguard finds that not only are women overall 14 percent more likely than men to participate in workplace-savings plans, women are crushing men in participation rate at every income level. For women earning less than $100,000, the participation rate is 20 percent higher than that of men. A natural follow-up question for your students is…Why? ——————– Check out this NGPF Lesson on Saving For...

Are Gift Cards Safe?

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Nov 16, 2015
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Question of the Day, Research, Identity Theft, Current Events
With the holidays upon us and gift cards becoming more ubiquitous (estimated to be $124 billion business), this headline caught my attention. Frankly, I had never given serious thought to this question.  So, what do gift card recipients need to be protected from?  Largely theft or loss which occur to a much larger degree than I had imagined. From the Fiscal Times:  “As data breaches have become a fact of life, a lot of cards incorporated a way to recover the balance of the card if it’s...

Simulation: How Do I Apply For A Loan?

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Nov 13, 2015
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Credit Scores, Student Loans, Activities
We received a email request today from a teacher for a simulation that would help students understand the loan application process. What a great request! I know that I can sometimes forget the importance of teaching the “how” when it comes to personal finance as in “how to open a bank account,” “how to open a brokerage account”…Now we had an opportunity to help a teacher and add to our simulation library at the same time. So, I went in search of an...

1 Minute Audio Resource: Buyer Beware...The Games That Retailers Play

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Nov 13, 2015
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Behavioral Finance, Purchase Decisions, Current Events, Audio Resource
From Marketplace.org: J.C. Penney will pay $50 million to settle a class action lawsuit in California that accused the department store of tricking consumers into thinking they were getting big discounts when they weren’t. The suit alleged that Penney inflated “original” prices on sale items to make discounts appear larger than they actually were. The retailer denies any wrongdoing, but says it will change how it advertises and prices what it sells. The case is a reminder of how...

NGPF Podcast: Tim Talks To Ash Cash, Personal Finance Education Delivered With A Motivational Twist

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Nov 12, 2015
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Credit Scores, Behavioral Finance, Financial Literacy, Podcasts
 Thanks to Ash Cash, personal finance expert, motivational speaker, author, entrepreneur, teacher and radio show host for participating in the recent NGPF podcast. It’s no wonder he rises every morning at 4am, he’s got a lot going on! Ash, a former banking executive, transitioned to an entrepreneurial life educating and motivating others to make financially responsible decisions.  We first discovered Ash in the process of building our curriculum and included one of his videos,...

Chart of the Week: Who Works In American Households: Mom, Dad or Both?

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Nov 10, 2015
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Career, Question of the Day, Research, Chart of the Week
Before showing students this graph, you might ask them to guess what percentage of American households do: Both parents work? Only husband? Only wife? From NPR.org (click on graph for better resolution): Here are some great follow-up questions to ask your students about this resource: What percentage of American households had both husband and wife working in 1968? 2013? What trends do you see occurring between 1980-2000? Why do you think the percentage of “Only Wife Works” has...

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