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22Jun, 2017

Question: Will You Own A Car in the Future?

By |June 22nd, 2017|Article, Chart of the Week, Current Events, New Products, Purchase Decisions, Question of the Day, Research|

Interesting WSJ article (subscription) highlights how dramatically the concept of car ownership is changing in light of current ride-sharing trends and the potential for autonomous vehicles in the future. Here’s a graph that shows how new car buying has slowed dramatically among younger Americans:

22Jun, 2017

Schools in the News

By |June 22nd, 2017|Uncategorized|

  • Chatham teacher pockets $5K for ‘teacher excellence’ (News Windsor)

Anneke Gretton from Chatham Christian School won in the John Rozema Award for Excellence in Secondary Teaching category, which also nets her a $5,000 prize. Gretton’s award was in part thanks to a Grade 11 math lesson, where she had her students put their skills to use in researching poverty and creating personal financial plans for a young person living on their own.

Taste of Immokalee will soon have a tang of Naples in its spicy products.  And soon, its coordinators hope, business will prove a game changer, creating a more unified Collier as students from both ends of this sprawling county lead the way, working together on product development for the sauce-and-salsa producer. Twenty-six students filled the Naples YMCA conference room Monday morning with one ostensible goal: to make more money for Taste of Immokalee.

  • FHS student receives national finance award (FauquierNOW)

A rising senior at Fauquier High School has received a national award for financial literacy. Finn Cook, 17, received the Centurion Award at a scholars reception

21Jun, 2017

Are You On the Road To Adulthood? Take the Quiz and Find Out…

By |June 21st, 2017|Activities, Activity, Behavioral Finance, Current Events, Research|

Hat tip to Jessica for pointing out this NY Times article about this concept that has recently (maybe I’m late at noticing) come into vogue, “adulting:”

Rachel Ginsberg is a clinical psychologist at the NewYork-Presbyterian Youth Anxiety Center, a research and clinical program that brings together experts from NewYork-Presbyterian Hospital, Columbia University Medical Center and Weill Cornell Medicine. She is part of its Launching Emerging Adults Program aimed at teenagers and young adults.

Dr. Ginsberg works with clients on lack of emotional readiness and academic and “adulting” skills, as well as on social anxiety — issues that can become more apparent in college and can lead to students’ lives’ unraveling.

So how can a person develop these skills? Below is a list of “exposure tasks” to help students develop strategies for coping with possible challenges and “assertively get their needs met, or manage circumstances that do not go the way that they wished,” Dr. Ginsberg said.

Dr. Ginsberg goes on to list the “exposure tasks” as categories them academic challenges, emotional challenges and daily functioning challenges. I created a Google sheet (cuz that’s what we do) with this idea in mind (and please share any better ideas that you have!): Have your students calculate an “Adulting Score” by completing the checklist and counting how many of these behaviors they complete over the next week.

Here are a few reflection questions for your students to complete as they review their own checklist:

21Jun, 2017

Chart: Have You Bought Any Amazon Batteries Lately?

By |June 21st, 2017|Chart of the Week, Purchase Decisions, Question of the Day|

This chart below is striking fear into the hearts of branded packaged goods providers (think Pampers, Duracell, Kleenex). Why? In a short period of time, Amazon has become a leading online “private-label” supplier of common products like batteries (#1) and baby wipes (#3). Since Amazon owns the final click to the customer, collects oodles of customer data and controls the shopping experience, it is easy for them to work with a manufacturer, slap their name on the product and provide great placement for it on their website.

 Questions for students:

20Jun, 2017

Interactive: What Are The Wages For Jobs In Your State?

By |June 20th, 2017|Career, Chart of the Week, Current Events, Entrepreneurship, Math, Question of the Day, Research|

Another great interactive from Flowing Data allows users to see top jobs and salaries by state (and for the entire U.S. of A. also). This static chart that I copied from the site displays job and salary information for the U.S. The green areas in the chart are jobs where the Median Annual Salary is $60,000 or more.

20Jun, 2017

Article: What Can $15,001 Of American Girl Purchases Teach Us About Credit Card Fraud?

By |June 20th, 2017|Article, Credit Cards, Current Events, Identity Theft, Research|

This is how it all began, innocently enough (from MarketWatch; 7 minute read):

I was at my desk the other day when my phone buzzed out a warning: My credit card had just been charged $1. No such dollar had been spent by me, but I didn’t think much of the notification. Typically, such unexpected charges have perfectly legitimate explanations given my various subscriptions and recurring monthly charges, all of which come at different and unexpected times.

How does a $1 charge turn into $15,000 worth of American Girl dolls? Read the article and find out!

Questions for your students:

19Jun, 2017

Quiz: How Well Do You Know Credit Cards?

By |June 19th, 2017|Credit Cards, Credit Reports, Credit Scores, Current Events, Interactive, Quizzes|

Hat tip to Jessica for the heads-up on this resource (yes, the NGPF team does spend hundreds of hours looking for great resources!) Take this NerdWallet 14 question quiz and find out. Please note that there are some tricky questions here that will lead to valuable classroom discussions (I learned some new things):

19Jun, 2017

NGPF Podcast: Tim Talks to Kiplinger Editor and Author Janet Bodnar

By |June 19th, 2017|Current Events, Index Funds, Investing, Personal Finance, Podcasts|

It was great to have Kiplinger editor Janet Bodnar on the podcast recently. As a newly minted college graduate, I recall leafing through a Kiplinger magazine (pre-internet) and benefitting from their practical, easy to understand financial advice. As an editor, columnist and author, Janet has an amazing depth of knowledge about personal finance. We focused our conversation on what we should be teaching young people about money as well as the importance of encouraging women to develop financial skills. You will get great advice about investing while learning about Janet’s collecting habits which she gleefully displays on her home refrigerator. Enjoy!

Details:

18Jun, 2017

The Retail Industry Changed Last Week…NGPF Has Resources Aligned To These Current Events

By |June 18th, 2017|Career, Current Events, Economics, Financial Literacy, Index Funds, Investing, Purchase Decisions, Stocks, Uncategorized|

This has been a big week of news related to the Retail Industry in the U.S., with implications for the economy, jobs, shoppers, and investors. This post will explain the big events for the week, their implications for you and your students while also providing activities and lessons that are aligned to these current events.

What’s Happening?

18Jun, 2017

What I Read This Weekend

By |June 18th, 2017|Uncategorized|

This experiment, along with others, provides evidence that cluttered and disorganized environments are more distracting than organized ones. Spaces filled with visual distractions force our brains to work harder to filter out superfluous information…

  • The iPhone is about to celebrate it’s 10 year anniversary, the Verge (hat tip to Big Picture Blog) has long-form article about its secret origin story which provides the messiness of innovation:
15Jun, 2017

NGPF FinCamp Coming to Nashville in September!

By |June 15th, 2017|Uncategorized|

We are excited to be bringing NGPF FinCamp to Kentucky and Tennessee educators in September. Read below for more details about this event and how you can bring NGPF FinCamp to your region.

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NGPF will be delivering a one-day workshop for personal finance educators at the Tennessee Education Association, in Nashville, Tennessee from 8:00am to 3:30pm on Thursday, September 14th. Thanks to Natasha Bishop of Tennessee Jump$tart and Kelly May of Kentucky Jump$tart for being such great partners in the planning and marketing of this event.

Space is limited to 40 educators, so be sure to register today!

WHAT IS AN NGPF FINCAMP?
A teacher-centric workshop focused on what YOU want to learn to improve your craft. Check out this video to see an NGPF FinCamp in action.

WHAT CAN I EXPECT?
The agenda won’t be finalized until we get your responses in our pre-conference survey, but you can expect the following:

15Jun, 2017

Question: What Are The Summer Job Prospects for Teens?

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

Answer: According to Marketplace, prospects are GOOD!

From Marketplace: