Date Filter: 2015/4/

What Can I Find At Next Gen Personal Finance?

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Apr 30, 2015
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Personal Finance
New to Next Gen Personal Finance?  Are you a parent, a teacher, a student or an adult learner looking to improve your financial literacy?  You have come to the right place!  We are a team of educators committed to improving financial literacy.  We accomplish this by providing FREE content in three ways: 1)  The Next Gen Personal Finance Blog, with 10-15 posts a week, is designed to educate using Questions of the Day, analysis of current events, ideas for activities and the curation of...

Is Personal Finance a priority at your school?

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Apr 30, 2015
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Flash Surveys
Take the survey and be entered to win a $50 Amazon gift card. It takes < 2 minutes. ...

Want Budgeting to Stick With Your Students? Find an App!

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Apr 28, 2015
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Activity, Budgeting, Lesson Idea, New Products, Current Events
USA Today reporting on recent Neilsen study that shows 1) More consumers using budgeting apps on their mobile phones 2) Those that do, are successful at controlling their spending: In a survey of more than 3,600 smartphone owners who use their phones to shop or bank, out this month, 18% said they use their phones to budget and of those, 69% said they strongly or mostly agree that budgeting apps have helped change their spending habits. Why do people enjoy using budgeting apps? The most popular...

One Person’s Misery Is Another Person’s…Math Problem

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Apr 28, 2015
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Activity, Paying for College, Student Loans, Current Events, Math
Hat tip to Rob Carrick of Globe and Mail for pointing out a CNN story titled “I’m 57 and owe $152,000 in student loans,” which he described as “student loan hell.” I thought this story which traces the travails of a Rosemary Anderson would be a way to engage students both to the dangers of student loans but also how compound interest can work against you if you are a borrower not making payments on a loan.  It also will provide students the chance to hone their analytical skills...

What’s New At Schools?

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Apr 27, 2015
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Personal Finance, Financial Literacy, Schools In News, Current Events
Tracking recent personal finance activity at high schools across America: Bucks County (PA) high schools teaming up with Philly Fed (Bucks County Courier):Students in Chuck Deal’s personal finance class at Neshaminy High School will end the year knowing how to protect themselves from identity theft, create a budget and keep from getting taken for a ride when they buy their first car. Those topics, and more, are part of a popular personal finance course that draws some of its programming from...

Take this Quiz…

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Apr 27, 2015
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Research, Personal Finance, Financial Literacy, Teaching Strategies, Current Events
This was one of the better personal finance quizzes that I have seen out there…Why? Comprehensive:  It has 30 questions covering a range of topics Numeracy:  It has several questions that require some basic problem solving and numeracy skills in comparing options or best course of action Application:  Less focus on conceptual knowledge and more on whether you can use this knowledge to make good decisions Open Net:  It encourages students to go out and find the answers if they don’t...

April 27th Activity of the Day: Build A Credit Card Calculator

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Apr 27, 2015
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Activity, Credit Cards, Featured NGPF Lesson
It is one thing to tell students that credit cards carry high interest rates, it is probably more effective for learning to have them actually input those high interest rates into their own credit card calculator to see the impact on payments.  In this activity “Excel: Build a Credit Card Calculator,” students get an opportunity to flex their spreadsheet muscles through an activity that provides four options based on level of expertise.  Please share this with your math department too as...

How Much Paper Would It Take to Print Out the Internet? And the NGPF Curriculum?

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Apr 24, 2015
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Question of the Day, Current Events
It seems an appropriate question to ask on National Arbor Day but not sure how it relates to personal finance, but what the heck it is Friday! Answer (from Marketplace.org with 44 second audio too): 136 billion pieces of 8X11 inch paper Details here: This story falls firmly in the categories of A: People having too much time on their hands and B: Stuff that’s kind of interesting nonetheless. Students at the University of Leicester over in the U.K. have figured out how much paper it would...

How To Make That College Investment Pay Off!

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Apr 24, 2015
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Activity, Paying for College, Student Loans, Current Events
I found myself nodding a lot in this PBS NewsHour article “6 Rules To Make The Best College Decision.”  Ok, I know that these listicles (articles with lists) seem to be a tad overdone, but in this case, I found that we had created lessons around many of their rules. So, what are the six golden rules? College is a better investment if you graduate. In this NGPF Activity, students estimate the value of a college education and compare it to other educational outcomes (e.g., some college,...

How Does Identity Theft Happen?

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Apr 24, 2015
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Activity, Identity Theft, Current Events
Funny, you should ask.  I thought it would be interesting to look at news stories in the last week and see the myriad way that criminals are stealing identities.  This could also make for a good WebQuest for your students and help them see the importance of protecting their identity. Here goes: Stealing checks and credit cards from mailboxes (Albuquerque Journal): Five people were arrested on charges related to operating an identity theft ring after stealing checks and credit cards from...

April 24th Activity of the Day: What’s Your Food Budget?

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Apr 24, 2015
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Activity, Budgeting
Food is one of those costs that high school students take for granted until they actually have to pay for it themselves.  They may get by with a meal plan for a few years in college..but they may also tire of it quickly and decide after their freshman year to go it alone when it comes to their calories.  I like this activity (Research:  Your Monthly Food Budget) for a few reasons:  it encourages students to envision their future selves, it leads to conversations with parents/guardians about...

Video Resource: Would You Take His Advice on 401(k)s?

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Apr 23, 2015
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Personal Finance
This would fall into my category of very, very, very dangerous advice.  So, why show it to students, then?  Our students need to be savvy, discerning media consumers which means they need to be able to discern the treasured nuggets from the garbage advice out there. As students watch this video, have them keep a list of the reasons that this speaker believes 401(k) plans are a bad idea.  Then have them research each of these main points and build evidence to agree or disagree with him on each...

April 23rd Activity of the Day: How About Finding Some Free Money for College…?

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Apr 23, 2015
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Activity, Paying for College, WebQuest
The acceptance letters and the financial aid award letters have been read, analyzed, re-read and crunch time is upon those college seniors making decisions on where they will attend college this fall. We all know that this decision, however, is only the beginning of the process as students and their families devise strategies to pay for college. For those students still looking to capture some of those free dollars, this activity “Finding College Scholarships” will come in handy.  The...

April 21st Activity of the Day: WebQuest To Find Credit Card with Lowest A.P.R.

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Apr 21, 2015
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Credit Scores, Activity, Credit Cards, WebQuest
As I mentioned in earlier post, we at NGPF love activities that hone student comparison shopping skills.  Even better, if they learn how to use the web to their advantage in combing through offers and finding one that matches their criteria. This activity “Research:  Find the Credit Card With The Lowest Interest Rate” accomplishes the first two objectives while also exposing students to the language and vocabulary of credit cards in an activity that creates a healthy level of competition...

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