Date Filter: 2015/7/

August Flash Survey: What are the hot topics?

|
Jul 30, 2015
|
Flash Surveys
The new school year is right around the corner, and we here at NGPF want to know what the hot topics in personal finance are. Help us by taking this quick survey, which should give us a good idea of our 2015-2016 (16 already?!?) content area priorities. Take this survey and be entered in a drawing for a $50 Amazon gift card. Don’t see the survey below? You can also see it by clicking here. Create your own user feedback survey ...

Conversations To Have With Your Kids About Money: NGPF Featured in Recent Podcast

|
Jul 30, 2015
|
Credit Scores, Paying for College, Savings, Credit Reports, Audio Resource, Parent Conversations
Thanks to Megan Strand producer of “Life Hacks for Working Moms” for interviewing me for her recent podcast. Enjoy the 20 minute podcast here [podcast has since been taken down]. Here are the details: Over the past several weeks, we’ve talked about creating a personal spending plan and some tips about how to save money on one of your largest monthly expenses. But what about imparting some of that financial literacy to your kiddos? As far as Tim Ranzetta is concerned, having those...

So, What Exactly Is Neuroeconomics and Why Should I Care?

|
Jul 28, 2015
|
Behavioral Finance, Research, Investing, Stocks, Current Events, Video Resource
This video  (start around the 3:00 mark) about the burgeoning field of neuroeconomics has implications for how we should think about investing.  This video will help answer such questions as: Why do our brains often find patterns that don’t exist and how can that impact our investment decisions?  Provides good example of the frequency with which we check our stocks/investments impacts our decision-making. How can we overcome our brains which encode information in terms of reference...

July Survey Results: Your Tech Usage

|
Jul 28, 2015
|
Teaching Strategies, Survey Results
You know what technology you utilize in the classroom and how often you deploy it. But, you may be wondering how the personal finance teacher down the hall, down the road, or across the country uses tech. Thankfully, our July Flash Survey tells you precisely that. Check it out below, and then use the comments section to tell us whether you’re surprised by the results. ...

Checking Account or Credit Card: Which Is A Better Starter Account For Teens?

|
Jul 28, 2015
|
Question of the Day, Research, Budgeting, Credit Cards, Checking Accounts
Answer:  Based on recent research, students feel more prepared if they have a checking account prior to college: In fact, a recent survey of 42,000 first-year college students found that the earlier teenagers had access to credit cards, the less prepared they felt for managing their own money in college. Those who had checking accounts, by contrast, were “markedly more prepared” to handle their finances than those who were unbanked before college, according to the study conducted by...

How Much Is That Investment Education You Provide Your Students Really Worth?

|
Jul 28, 2015
|
Question of the Day, Research, Index Funds, Investing, Stocks, Current Events
According to this research study which I unearthed from 2014, more financially knowledgeable workers have higher returns on their 401(k) balances.  While not all that surprising, the research was able to quantify how much that knowledge was actually worth.  It also provides a set of five questions that they used to measure financial knowledge that you could use to test your students. Here’s their summary: We show that more financially knowledgeable employees are also significantly more...

NGPF becomes a national partner of the Jump$tart Coalition!

|
Jul 24, 2015
|
Personal Finance, Financial Literacy, This Week In Financial Literacy, Front Page Spotlight
Today, NGPF is proud to announce that we’ve been accepted as a partner of the national Jump$tart Coalition. Jump$tart is a national organization “of organizations that share a common interest in supporting financial literacy, through financial education, for our nation’s youth.” We’re incredibly honored to join the current group of 132 partners so committed to improving the financial literacy of America’s youth and empowering teachers by connecting them to...

Can You Go On A Cash-Only Diet?

|
Jul 24, 2015
|
Activity, Research, Budgeting, Credit Cards, Debit Cards, Current Events
This BusinessInsider article might be a useful activity to try in your classroom for a few weeks or even a month.  Challenge your students with debit and/or credit cards to put them away and only use cash for a period of time. Probably best for them to estimate their weekly expenses and then take out that amount at the beginning of the week. While they spend, they should also be sure to collect receipts so they can track their spending. The research is well documented that we spend less when...

Curious About The History of Credit Scores?

|
Jul 24, 2015
|
Credit Scores, Credit Reports
For the history lovers out there, a Time article provides an almost 200 year history of credit reporting.  A few interesting morsels: Earliest credit reports were character based:  “In 18th-century America, for instance, country storekeepers secured loans by asking well-regarded neighbors to vouch for their character to bankers and merchants. And urban creditors mined far-flung rural acquaintances for rumors and hearsay regarding applicants for credit.” Retailers saw benefits of selling...

Looking for A Great Hands-On Budgeting Activity….

|
Jul 23, 2015
|
Activity, Budgeting
I think of this no-tech, kinesthetic Bean Game activity as “Ol Reliable” when it comes to my six week summer program I have taught at Eastside Prep. for the past five years. Each year this game has been one of my students’ favorite activities.  Here’s a sampling of feedback from students when I asked what they liked best about the class this year: “The activities we did in class like the bean game because it helped me better understand what budgeting would be like in the...

Video Resource: What’s The Catch With These Investing Pitches?

|
Jul 21, 2015
|
Investing, Current Events, Video Resource, Financial Scams
Many students, at some point in their lives, will rely on the services of a financial adviser. CFTC.gov has three short videos (2-3 minutes in length) that allow viewers to make decisions on whether or not to invest after hearing a pitch from an investment “pro.”  Ask your students to jot down the key words or phrases used to entice them to invest.  Thanks to WAPO’s Michelle Singletary for highlighting these in recent column. The Dinner Party: http://in.fm/embed/MYkjrA?publisherID=57RbmE...

Chart of the Day: How Often Are Credit Card Applications Rejected?

|
Jul 21, 2015
|
Credit Scores, Research, Credit Cards, Current Events, Chart of the Week
From Federal Reserve: Answer:  13.5% in June 2015.  Note that this rate will likely be much higher for millenials who may have lower credit scores due to their short credit histories.  Interesting to note the sharp decline in rejection rate in the most recent reporting period as lenders seem to be loosening their standards. ...

What Advice Would You Give Young Investors?

|
Jul 21, 2015
|
Behavioral Finance, Index Funds, Investing, Stocks, Current Events
What happens when you ask 7 Motley Fool reporters to provide advice to young people about investing?   Take advantage of compound interest by investing when you are young.  Here is an example they provide: John invests $300 per month from age 40 to age 65 and earns a hypothetical 6.5% on this money every year. At age 65, John would have a nest egg of $212,000. That’s not bad, but if John starts at 25 instead of 40, that nest egg would grow to $632,287, or nearly three times as much! ...

Question: What Should You Do Over The Summer?

|
Jul 21, 2015
|
Career, Paying for College, Question of the Day, Current Events, Internships
With the calendar inching closer to August, which means back to school for many, it’s not too early to think about how your high school students should be spending their future summers.  You might want to file this one away for spring of next year. Based on this NY Times article, there are quite a few benefits to summer employment as a bank teller: It’s a rare summer job that combines the acquisition of intensely practical knowledge and the opportunity to have conversations about...

Insights from Career Day…

|
Jul 21, 2015
|
Activity, Career, Current Events
I co-teach a 6 week personal finance course for incoming 9th graders every summer at Eastside College Prep. in East Palo Alto, California.  Over the years, I have developed a 25-hour project-based curriculum that teaches students the basics of saving, budgeting, investing, credit cards, credit scores and careers. One of my favorite sessions is Career Day which has the following structure: Class before Career Day: The students prepare for the session by reading the biographies of each mentor...

Search

Categories