Monthly Archives: October 2016

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Sue Suttich wins Personal Finance Teacher of the Year (Financial Beginnings Organization)

NGPF Fellow & Tigard High School business marketing teacher Sue Suttich stopped by our Palo Alto offices recently, and we got to chatting about the recent Financial Beginnings Conference in Salem, OR. NGPF wasn’t able to make it up for the conference, unfortunately, but Sue was there AND won Personal Finance Teacher of the Year from the Financial Beginnings Organization.

You can read a brief article from a local newspaper here, though we do believe they confused¬†our NGPF Summer Institute in June in Palo Alto with something else entirely… Either way, congrats, Sue! We love that you are one of our Fellows, and we love that your hard work and excellent teaching continues to be recognized!

 

 

By |October 31st, 2016|Featured Teachers, NGPF Fellows, Schools In News|

Look who stopped by…

NGPF Fellow (and Summer Institute 2016 participant) Sue Suttich, of Tigard High School in Tigard, OR, swung by our offices while she was in town. We love and appreciate visits from teachers, so if you’re a regular user of NGPF curriculum or professional development opportunities, and you’re ever in the San Fran Bay Area, swing by our Palo Alto offices and say HI! We’d love to meet you in person.

Fun Fact about Sue: She creates her own financial literacy-themed t-shirts! Unfortunately, none of us are wearing one in this picture, but they’re a sight to behold. Hoping to add a picture soon… ūüėČ Thanks for swinging by, Sue!

By |October 31st, 2016|NGPF Fellows|

NGPF Podcast: Tim Talks to Ami Amero, A Financial Literacy Mainiac

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Thanks to Ami for joining me on the NGPF podcast for the second time (we had to scrap the first one due to a bug in the recording software). No, that’s not a typo in the title but rather a play on Ami’s home state of Maine. Ami teaches at a small school (listen to hear how small the school is), Forest Hills Consolidated in Jackman, and is passionate about getting more financial education to Maine students. She shares the thought process that went into designing her course, how she teaches about careers beyond Jackman and how she implements her favorite project, which students still talk about years later. Enjoy!

Details:

  • 0:00~1:21 – Intro
  • 1:21~2:03 – Where Ami teaches
  • 2:03~8:20 – What motivated¬†Ami¬†to create a personal finance course
  • 8:20~11:56 – Top three lessons Ami wants to teach her students
  • 11:56~14:38 – How she uses the book “The Millionaire Next Door”
  • 14:38~16:31 – Importance of

Question: What’s the Average Amount of Student Debt for Recent Grads?

Answer (from Project on Student Debt): $30,100 for 2015 graduates (68% of grads had student debt)

Hat tip to Lauren Asher of TICAS for sharing this information about their recent study. Wondering how students in your state compare to this national average? Go to this interactive map which has information on over 1,000 colleges:

mapall

Questions:

Interactive: How Long Are You Going to Live?

Nice question to get your students engaged in your lesson about saving for retirement. Here’s an interactive from the Actuaries Longevity Illustrator to help answer that question. I created two fictitious high school students, Bill Bradley and Samantha Taggart to demonstrate a potential mini-activity:

Question: How Do You Decode A Financial Aid Award Letter?

Hat tip to NGPF Fellow Charles Kafoglis for pointing to this resource at FinancialAidLetter.com (and thanks to my friend Kim Clark for producing it!). This site decodes financial aid award letters from six colleges and grades each one based on their level of transparency. Here is an example on how they decoded one of these letters:

NGPF Launches “The Fine Print”

download-9Read the fine print!

We hear that advice all the time (a quick google search found it here and here and here). Yet, we didn’t see any resources out there that would actually develop the critical thinking skills required to navigate the complex world of financial products. So, today we launched a new product “The Fine Print,” mini-lessons to give students practice with the important forms, statements and agreements they will encounter in their financial lives. Given that our website is hitting records today, this product is clearly popular with teachers!

What are the features of “The Fine Print?”

Question: What Percentage of Young People Are Being Declined for Credit?

credit-denied

Answer: About 1 in 5 between the ages of 23 and 27. 

Hat tip to Laura Matchett of NGPF for pointing out this informative Forbes article. As for the reasons why they are being rejected: