Date Filter: 2016/5/

Question: What Are You Looking For In A Job?

|
May 31, 2016
|
Career, Question of the Day, Research, Current Events, Chart of the Week, Employment
Here’s what recent college grads told a pollster (from Quartz): Think those student loans might be having an impact? ...

Question: Who's Paying for College?

|
May 31, 2016
|
Paying for College, Question of the Day, Student Loans, Current Events, Parent Conversations
Don’t you just love the body language? I bet they aren’t discussing the relative merits of apples vs. orange juice as a breakfast starter. The title of this post is a good question for high school juniors (soon to be seniors) to be asking their parents/guardians as they go down the path of college lists/applications/FAFSA that lurks a few months in the future. This would be an interesting polling question (using service like PollEverywhere) to gauge your classroom and get a sense of...

College Student Survey Provides Another Reminder of The Importance of Our Work!

|
May 31, 2016
|
Current Events, Research, Investing, Savings, Financial Literacy, Checking Accounts, Debit Cards, Credit Reports
Here are some survey results that provide a good reminder of how much work we have left to do to create a financially literate populace. Why do we force them to learn these lessons from the “school of hard knocks” instead of educating them in high school or college? From LendEDU 2016 survey: 43 percent of students surveyed could not name one major difference between a credit and debit card 23 percent of students surveyed could not name one major difference between a checking...

Question: How Much Food Is Wasted Everyday In Our Country?

|
May 31, 2016
|
Video Resource, Question of the Day, Research, Budgeting, Purchase Decisions, Current Events, Parent Conversations
Answer: Astoundingly, over 40%. Check out this video (4:40 in duration) with “Top Chef” Tom Colicchio from PBS Newshour: Questions to ask your students: How much is food waste an issue in your family? How does “Sell by date” lead to unnecessary food waste? What steps are being taken to fix this situation? What are some of the tips mentioned that you can use to reduce the amount of food that you/your family waste? Want this resource and questions in slide format to use...

Video: The Two-Minute Tax Explainer

|
May 31, 2016
|
Taxes, Video Resource
Hat tip to the teacher (you know who you are!), who shared this “Story of Tax” video with me at a recent workshop that I attended in New Hampshire. What do I like about it? It’s under two minutes long It provides a historical perspective on tax systems from ancient times It provides simple explanations about what taxes pay for It shows the underlying principles of tax systems in another country The narrator has an Australian accent (the video was produced by...

Question: Free Credit Scores? What's the Catch?

|
May 31, 2016
|
Credit Scores, New Products, Current Events, Credit Reports
Most readers already know that anyone can review their credit reports annually from the three credit bureaus (TransUnion, Experian and Equifax) FOR FREE at www.annualcreditreport.com (don’t let the Freecreditreport.com ads fool you). We also recently posted here and here how more and more companies are offering their customers the opportunity to see their credit score for free. Well, now we have news that Discover is offering a no-strings attached free credit score for non-customers...

NGPF Podcast: Tim Talks to Kerri Herrild of De Pere High School (WI) About A Project To Engage Parents

|
May 31, 2016
|
Parent Conversations, Activity, Behavioral Finance, Purchase Decisions, Current Events, Podcasts
Thanks to Kerri Herrild, Business Teacher at  De Pere High School (WI) for joining me on the NGPF podcast recently. We recently honored Kerri as anNGPF Teacher-Innovator for her “Personal Finance Goal-Setting and Expense Tracking project.” In this project which stretches over the course of a month, Kerri has her students set financial goals, track their daily spending and write several reflections about what they learned in the process (hint: it might have something to do with food...

What's The Current Utilization Rate for U.S. Credit Cardholders?

|
May 26, 2016
|
Credit Cards, Question of the Day, Research, Current Events, Chart of the Week
Answer: Just over 22% of available credit limits, the lowest level in 13 years From Bloomberg: What is interesting is that while utilization rates are low, we are reading about credit card debt levels nearing $1 trillion. What’s happening you might ask? Banks are increasing credit limits for cardholders faster than they can add to their credit card debt levels resulting in lower utilization rates. ...

NGPF Year-End Survey: What's Our Final Grade? (Amazon Gift Card Opportunity)

|
May 26, 2016
  What do you love? What do we need to improve?    With the end of the school year fast approaching, we wanted to ask for your help in grading our work over the past year. Some of you are faithful users. Others are new to the NGPF community. Whoever you are, we want your feedback so we can continue to improve. Here is a link to the Survey Two reasons to participate: Really, it just takes one minute! Extra Credit: We will be awarding four $50 Amazon gift cards based on a drawing from all...

What's the Catch? GET STUDENT LOAN FORGIVENESS NOW!

|
May 25, 2016
|
Behavioral Finance, Paying for College, Student Loans, Current Events, Video Resource, Financial Scams
How could you resist this offer if you had student debt and wanted to reduce your burden (average college grad has about $30,000+)? What could possibly go wrong? Here’s a video and press release to show you the catch. Oh, and did you catch the grammatically incorrect “Streamed Lined?” _______ Be sure to check out the recent NGPF podcast with Mark Kantrowitz, the leading expert on financial aid and student loans in the US.     ...

Would This Solve Your Spending Problem?

|
May 25, 2016
|
Budgeting, New Products, Current Events, Video Resource
I thought you might find a way to incorporate this into your budgeting lessons…let’s just say this is an unorthodox approach to taming that spending beast that lurks within us. It’s called the Internet of Things Bank and watch this video that describes some of its “shocking” features: ...

Activity Idea: Ask Your Grandparents About Money Lessons They Learned Growing Up

|
May 25, 2016
|
Activity, Budgeting, Savings, Teaching Strategies, Article, Writing assignment
I came across this WSJ article last week “The Financial Lessons of a Depression-Era Baby,” which immediately made me think about an activity where students interview their grandparents to learn more about their upbringing and the money lessons they learned growing up. In this short article, Bud Hebeler, former Boeing president, chronicles the lessons he learned from his parents while growing up during the Depression. His recounting includes such nuggets as: Dad recommended that we...

NGPF Podcast: Tim Talks To Brian Yanizeski of Fox Chapel Area HS (PA) About Online Learning

|
May 24, 2016
|
Featured Teachers, Mortgages, Teaching Strategies, Audio Resource, Professional Development, Podcasts, Tips for Teachers
I recently had the pleasure of having Brian Yanizeski, a Business Teacher from Fox Chapel Area High School in Pittsburgh, Pennsylvania, on the show. We recently honored Brian as an NGPF Teacher-Innovator for his “Home Buying Project.” Brian has five years experience teaching an online Investing and Finance course at his high school. Listen to this podcast to hear Brian share how he developed his online course (including his favorite resources), as well as how he manages it to keep his...

Chart: What Do Consumers Like To Purchase Online?

|
May 23, 2016
|
Purchase Decisions, Behavioral Finance, Question of the Day, Research, Payment Types, New Products, Current Events, Chart of the Week
Interesting graphic based on recent Pew Charitable Trust survey (reported in WSJ): Questions to ask your students: Can you name the websites where consumers are making these purchases? How many of these websites have you used? Which category do you think has the greatest growth potential? Which of these purchases would you be most hesitant to use? Why? ...

Question: What's the Average Student Loan Payment For 20-Somethings?

|
May 23, 2016
|
Student Loans, Paying for College, Question of the Day, Research, Current Events
Answer (from Cleveland Federal Reserve Bank paper): About $351 for student loan borrowers from 20-30 years of age. Here are the details:  In the second quarter of 2015, the average student loan payment for those in the 20- to 30-year-old range was $351, according to the Federal Reserve Bank of New York’s Consumer Credit Panel data. This amount is just more than 50 percent higher than it was in 2005 ($227 when adjusted for inflation). But a small fraction of borrowers have very large student...

Search

Categories