Tim Ranzetta

/Tim Ranzetta
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About Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

Question: What Are The Summer Job Prospects for Teens?

Answer: According to Marketplace, prospects are GOOD!

From Marketplace:

By |June 15th, 2017|Article, Audio Resource, Current Events, Employment, Research|

Question: Should We Be Teaching Financial Habits or Goals?

I can always count on the Farnham Street blog for thought-provoking questions. Their recent post “Habits vs Goals : A Look at the Benefits of a Systematic Approach to Life,” caught my attention because it is something I struggle with. Namely, how can I operationalize ambitious goals into day-to-day habits? Goals can often seem daunting but when you break them down into daily or frequent habitual actions they suddenly seem easier.

Here’s the main takeaways from this five minute article:

What A Student Loan Survey Tells Us That We Need To Be Teaching In HS Classrooms

Interesting survey from Student Loan report demonstrates the biggest knowledge gaps that college seniors have about their student loans. Let’s be sure students leave our high school classrooms knowing these key concepts BEFORE they take out student loans (my comments in sub-bullets):

  • 65% of respondents didn’t know that the standard repayment term on their student loans
    • Why this is important: May choose longer repayment terms if they focus only on monthly payment
  • 46% of respondents didn’t know how long of a grace period they had after graduation before making payments
By |June 14th, 2017|Current Events, Research, Student Loans|

Research Question: How Should We Be Structuring Financial Education To Engage All Students

The answer presented by Punam Keller, Associate Dean for Innovation and Growth at Tuck School of Business presented at 4th Annual OECD/GFLEC Global Policy Research Symposium to Advance Financial Literacy:

“Make the student the teacher!”

Here’s the video of her presentation (starts at 3 hours 44 minutes) and the cliff notes compiled by NGPF intern, Grace Deng:

By |June 13th, 2017|Research, Teaching Strategies|

Decision Tree: Active vs. Passive

Sometimes a simple model or flow chart elucidates a complex question. Here is one example of that principle (from Mr. Zepczynski’s blog):

 

Questions:

What’s the Cost Of Financial Ignorance For Young People? Or Why Personal Finance Should Be Required for Graduation!

Answer: $795 Million ANNUALLY in checking fees

  • You could buy 2 fidget spinners for EVERY American and still some money left over with that amount that young people pay in banking fees

Here were the two key takeaways based on recent research from NerdWallet (spoiler alert: It’s all about the overdraft fees):

NGPF Podcast: Tim Talks to Teacher-Innovator Jesse Peterkin of Ridgefield High School (CT)

It was great to have NGPF Teacher Innovator Award winner Jesse Peterkin on the podcast recently. Jesse teaches at Ridgefield High School (Ridgefield, Connecticut). His project Create a Budget and Financial Plan uses celebrities and avatars as hooks to engage students to develop comprehensive financial plans for their “clients.” Hear Jesse share the trials and tribulations of his first job, learn how his career in the private sector informs his teaching and hear his ideas on how he brings the subject of personal finance alive for his students. Enjoy!

Details:

By |June 11th, 2017|Entrepreneurship, Featured Teachers, Podcasts|

Writing Prompts for Weekly Journaling in Personal Finance

Thanks to Brian Page of Reading High School for getting the tweets started and for the multiple contributors to his initial inquiry:

What reflection prompts should be required in a student financial literacy journal, as least weekly?

The responses are rolling in:

  • Brian Page (and NGPF podcast guest)
    • What did you learn that you will put to practice now or in the near future?
    • What tools did you discover that you plan to use now or in the near future?