Monthly Archives: March 2016

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Flash Survey: Do Personal Finance Standards Matter in Your Classroom?

Ah… standards… Some teachers love them (“They’re integral in framing the learning!”).  Some teachers are a tad bit cooler (“It’s not the official wording that matters but that students learn the skills!”).  In this survey, just in time for Financial Literacy Month, we’re focused on standards.  

By |March 31st, 2016|Flash Surveys|

Feb/March Survey Results: How Do Finance Teachers Use Social Media?

While most of your students LOVE social media, educators have mixed feelings about its place in the professional workplace. We know you’re the experts, so we asked, and here’s what we found in our most recent Flash Survey.

By |March 31st, 2016|Survey Results|

Question: What Are the Top Alerts That Consumers Set Up On Their Bank Accounts?

Fascinating report out from the Federal Reserve “Consumers and Mobile Financial Services” regarding the trends in mobile banking and mobile payments. Among the survey respondents, 52% indicated that they set up alerts on their accounts. Here are the details of the type of alerts they set up:

Screen Shot 2016-03-30 at 9.44.52 PM

Follow Up Questions:

  • Do any of the most popular alerts from these survey results surprise you? Why or why not?
  • Are there any alerts that are NOT on this list that you would want consumers to use?
  • Have you set up any of these alerts? Which ones?
  • What are the pros of setting up these alerts? What are some of the cons?
  • Why do you think only about half of consumers use alerts and the other half do not?

Want this resource and questions in slide format to use in class? Click here!


I was particularly interested in this topic since I included account alerts as a way to protect your account in the recent NGPF webinar “Updating Your Checking Unit for the 21st Century” and also did a blog post with a mini-activity focused on helping students decide what

Chart: Millenials Seem Confused About Money

From Visual Capitalist:

Screen Shot 2016-03-30 at 10.43.37 AM

See if your students can pick up on the inconsistencies and contradictions from this survey data on how millenials feel about investing, debt and banking. Here are just a few:

Chart: Why Do Start-Ups Fail?

I thought this would be interesting for those of you teaching entrepreneurship. Sample size is small (101 companies) but I think it is directionally correct in highlighting the top reasons that start-ups fail. Hat tip for Big Picture Blog and Visual Capitalist. Enjoy!

By |March 30th, 2016|Chart of the Week, Question of the Day, Research|

Audio Resource: A Civics Lesson In Our Tax Code

I was entertained by this Planet Money podcast on my walk into work this morning. It takes two items from our Form 1040 federal income tax form and dives into the details about how they ended up on the form. It tells a larger story about how the tax code is written in this country (something about not wanting to see how the sausage is made).

  • The first is a box where taxpayers check “Yes” or “No” to the following question: “Do you want $3 of your federal tax to go to the Presidential Election Campaign Fund?”
  • The second item is line 24 of the form 1040 which reads “Certain Business Expenses of Reservists, Performing Artists and Fee-Basis Government Officials”

Questions for students:

By |March 30th, 2016|Audio Resource, Current Events, Taxes|

NGPF Podcast: Tim Talks To Eric Tyson, Author of Personal Finance For Dummies

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Thanks to Eric Tyson for recently joining me on the NGPF podcast. Eric has brought personal finance advice to millions through his work as a financial advisor, syndicated columnist and author of Personal Finance for Dummies (and other titles in the Dummies series).

Eric provides insights to the following questions during our conversation:

  • How did his earlier experience as a management consultant to financial service firms inform his personal finance writing?
  • How does he think personal finance should be taught in high school?
  • How much weight should be given to advice provided by “financial gurus?”
  • How should people think about “wealth” beyond just the size of one’s bank account?

Details:

  • 0:00~0:30 – Intro
  • 0:30~1:38 – Prior Experience with Personal Finance
  • 1:38~3:48 – Anecdotes to share
  • 3:48~6:43 – His approach as a financial advisor; why per-hour is better model for clients
  • 6:43~8:50 – What lead you to write Personal Finance for Dummies?
  • 8:50~
By |March 30th, 2016|Uncategorized|

Question: What Is Two Factor Authentication?

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A good question to kick off your Identity Theft class or your checking lessons. As more and more banking shifts online, it becomes more imperative than ever for consumers to protect their log-in credentials. This is where two factor authentication comes in (full disclosure: I use two factor authentication for all of my financial accounts).  This process goes one step beyond your username and password to prevent the situation described above.

From Brian Krebs blog (a noted security expert):