Date Filter: 2016/12/

NGPF Podcast: Tim Talks to Retired Bankruptcy Judge John Ninfo About His Passion For Financial Literacy

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Dec 28, 2016
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Credit Cards, Credit Scores, Paying for College, Financial Literacy, Student Loans, Current Events, Credit Reports, Featured Teachers, Podcasts
What does a retired bankruptcy judge do to fill his “golden years?” If you are Hon. John Ninfo, you write a weekly column and visit hundreds of classrooms in upstate New York to teach young people about what it means to be financially responsible. If that isn’t enough, he also created a non-profit, Credit Abuse Resistance Education (CARE), to bring bankruptcy professionals into classrooms throughout the U.S. to share their experiences. Storytelling has an important place in...

Schools in the News

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Dec 21, 2016
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Schools In News
  State of Delaware creating its first-ever K-12 financial literacy standards (UDaily) Thanks to a task force including the University of Delaware’s Bonnie Meszaros, Delaware students in grades K-12 will receive mandated financial literacy education for the first time. Previously, the state of Delaware had only recommended financial literacy standards for grades 9-12, and had not mandated standards for any grade. NuVision FCU Union Contest to Reward & Teach High Schoolers...

Question: Are Companies Starting Up In Your Community?

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Dec 21, 2016
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Chart of the Week, Question of the Day, Research, WebQuest, Current Events, Entrepreneurship
Answer: Great infographic from How Much? shows the percentage of jobs in a market created by start-up companies (defined as “as businesses that began operating in a particular year. There is no prior business activity associated with the startups.”). The bigger the circle, the higher the percentage of jobs that come from start-ups.  Here’s the graphic: Questions: How vibrant is the start-up environment in your community? How would you find out this information? Do you...

Charles Kafoglis, NGPF Fellow, explains his school's unique perspective on fin lit

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Dec 20, 2016
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Audio Resource, Behavioral Finance, Career, Video Resource, NGPF Fellows
Two in one week! A second NGPF Fellow, Charles Kafoglis, has submitted a guest blog spot, and we’re happy to have it. Charles is a teacher at an all-girls Catholic school in Houston, TX — Incarnate Word Academy — and they’ve got a really unique leadership model that weaves throughout their entire school culture and course curricula. Charles shares that outlook, as it pertains to the personal finance class he teaches, as well as two interesting videos, in the guest post...

Question: What Data Is Being Collected About YOU?

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Dec 20, 2016
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Advertising, Question of the Day, Research, Current Events, Chart of the Week
Hat tip to Visual Capitalist which posted this MBA@UNC infographic (click the link to see the full infographic): Questions for your students: Are you surprised about how much information is available about you? Which of these categories are you most comfortable sharing your information? Least comfortable? Pick two of these categories and brainstorm about ways that companies could use this information? How do you think this information is collected? What sources are they extracting this...

What Do Students Know About Financial Aid?

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Dec 19, 2016
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Case Study, Paying for College, Research, Student Loans
Catching up on some reading over this break. Enjoying Sarah Goldrick-Rab’s Paying the Price which tracks six students in Wisconsin over six years and chronicles their triumphs and struggles in finding their way through college. She had a chart on page 56 that I found informative in highlighting what students know and don’t know about financial aid. Here’s what the 2,100 students participating in the Wisconsin Scholars Longitudinal Study (WSLS) who answered their first-year...

Personal Finance In My Life: Calculator Deflation

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Dec 18, 2016
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Budgeting, Question of the Day, Purchase Decisions, Current Events, Math
Shopping at the Half Moon Bay Ace Hardware (with the most helpful associates ever!), I came across this basic Sharp calculator for $5.99: I was explaining to my 7 year old son, that when I was about his age (1975), this was the most advanced mass market computing device available (pre-PCs, pre-internet, pre-IPhone, almost prehistoric!). I recall my oldest brother dragging me to a store in Demarest, NJ to find a calculator for his math class. I was in awe of this device that could “do...

Amy McCabe, NGPF Fellow, recommends 2 game platforms -- Kahoot and Quizizz

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Dec 18, 2016
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Credit Cards, Lesson Idea, Teaching Strategies, NGPF Fellows
It’s a special occasion here on the NGPF blog — a guest piece by NGPF Fellow Amy McCabe! We know that hearing from us is one thing, but hearing from a fellow teacher, who’s in the classroom day in and day out, is a whole different ballgame! Amy’s an economics and personal finance educator at Culpepper County High School in VA, and sends along this review… ____________________________________________ My kids love to play games, and we are all big, big fans of...

NGPF Podcast: Tim Talks With "Rock Star" Educator Brian Page of Reading High School (OH)

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Dec 15, 2016
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Podcasts, Behavioral Finance, Paying for College, Current Events, Audio Resource, Featured Teachers, Professional Development, Tips for Teachers
What does an extraordinary educator do during their one-year sabbatical away from the classroom? If you are Brian Page, star educator at Reading High School in Ohio, the answer is “a lot of things.” In his return visit to the NGPF podcast, Brian shares how he spent his year away from his beloved classroom. You will learn why he has come back to the classroom even more energized (which, for those of you who know Brian, is saying something) and eager to implement new ideas to engage...

Question: When It Comes To Giving, Is It Better To Give Time or Money?

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Dec 15, 2016
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Generosity, Behavioral Finance, Question of the Day, Research, Current Events, Video Resource
From WSJ (subscription): It’s the holiday season; a time when many open their checkbooks (or go online to make payments) to support their favorite charities. Researchers have found three mistakes commonly made by charitably minded people: Martyrdom effect:  “One of the biggest errors people make involves a phenomenon that one of us, Dr. Olivola, calls the “martyrdom effect”—the tendency to prefer forms of giving that involve significant sacrifice and effort, such as running...

Question: What Percentage of Millennials Write Checks?

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Dec 14, 2016
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Checking Accounts, Activity, Question of the Day, Research, Payment Types, Teaching Strategies, Current Events, Activities
This one surprised me. Maybe we should continue to teach check-writing after all! Answer (from Qualtrics survey): 42% _____________ Obviously, millennials also need to know how to manage mobile banking also. The good news is that have activities and projects that develop old-school banking skills (e.g., writing checks) and digital banking skills (e.g. managing an online account). Here’s a comprehensive list of resources to engage your students.   ...

NGPF is always at the ready...

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Dec 13, 2016
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New Products, Excel activities
You know we here at NGPF are always happy to help, which is why we didn’t think twice about responding to a unique email we received through our website. Dorothy was trying to solve a problem involving her church group: It’s got members who have joined at various points, anywhere from the past year to being a charter, founding member of the organization. They wanted to buy funeral flowers, as the members pass away, at varying price points based on length of membership. Dorothy turned...

Do your students know more about money than a 29-year-old?

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Dec 13, 2016
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Activity, Personal Finance, Financial Literacy, Teaching Strategies, Current Events
I meant to strike while the iron was hot, while this NY Times article, I’m 29 and I never learned how money works. It’s time to fix that., was all over my social media feed in mid-October. Whelp — It’s 7 weeks later, and here I am. Better late than never I suppose (that’s why Tim is the master blogger around NGPF, not me). I like that the article exists, but I don’t like the idea of just giving it to my (hypothetical) students to read. It covers FAR too many...

Question: Experiences or Things? What Do You Enjoy More?

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Dec 12, 2016
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Purchase Decisions, Behavioral Finance, Question of the Day, Research, Teaching Strategies, Current Events, Article, Generosity, Writing assignment
This question seems apropos given the holiday season and is a great discussion starter. Ask your students to think about the 2-3 items that they purchased in the last year that they were (and continue to be) most excited about. Would they be classified as experiences or things? This very accessible and relatively short (914 words or about 5 minutes) Scientific American article provides some scientific research to support one purchase type over the other (bold type are my own): A lot of...

Question: What's The Correlation Between Income and Net Worth?

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Dec 12, 2016
Stats teachers teaching correlations will love this graphic…and you should too! I love the folks at Visual Capitalist (ongoing hat tip to Big Picture Blog) and their creativity at using graphical representations to help elucidate (been dying to use that word) complex topics. First, let’s orient what you’re looking at (from Visual Capitalist): On the x-axis, you’ve got household incomes, as defined in the SCF (think ‘taxpayer units’).  On the left axis, you’ve got a...

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