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15Mar, 2017

Win an NGPF Scholarship to Jump$tart 2017 in Washington D.C.!

By |March 15th, 2017|Contest Current, Uncategorized|

Next Gen Personal Finance (NGPF) is awarding 25 scholarships, worth $425 each, for classroom teachers to attend the National Educator Conference in Washington, D.C.! To apply for your chance at one of these scholarships:

  1. Select an NGPF resource from the list below
  2. Use the resource with your students and collect 5 student work samples
  3. Complete the NGPF Jump$tart Application Form

Deadline for submissions is Friday, April 7, 2017.

 

15Mar, 2017

NGPF Summer Institute

By |March 15th, 2017|Contest Current|

Thank you to everyone who applied to the NGPF Summer Institute.  We were humbled by the overwhelming response that we received this year and by the commitment to financial education you demonstrated in your personal statements. The selection process was extremely difficult this year. We have notified all who submitted an application of their status and will post those who are accepting their offers shortly.

We also recognize that the large response rate demonstrates the strong demand for additional professional development opportunities. Given your interest in professional development, we thought you would want to know that NGPF is significantly increasing our commitment to serve you:

  • We are planning a series of NGPF FinCamps this year. These are day-long professional development workshops to be held throughout the country. We will be looking for groups of 25-30 teachers interested in an engaging, interactive and teacher-centric professional development experience. Please email Tim on tim@nextgenpersonalfinance.org if you are interested in learning more details.

  • We will be offering scholarships for a cohort of teachers to attend the Jump$tart National Educator conference this fall in the Washington, D.C. area. Look for an email describing the details about this scholarship program later this

15Mar, 2017

Web Quest: How Do I Buy A Stock (Or Better Yet, An Index Fund)?

By |March 15th, 2017|Activities, Activity, Index Funds, Investing, Mutual Funds, Research, Stocks, WebQuest|

A teacher at our recent FinCamp reminded me that we should not forget about the importance of the mechanics of personal finance transactions. What good is teaching students about the importance of investing if they don’t know how to go about setting up an account to buy/sell investments. While we have a activities on how to select a credit card and a bank account, we don’t answer the basic question that many young investors have which is “How do I buy a stock?”

Rather than answer this question for them, have students do their own online research to discover:

15Mar, 2017

Question: How Many Borrowers Can’t Repay Their Student Loans?

By |March 15th, 2017|Article, Current Events, Paying for College, Question of the Day, Research, Student Loans|

Answer (from Consumer Federation analysis reported by CNBC): In 2016, more than 4.2 million out of 42.4 million borrowers were in default. This is a 1.1 million student increase from 2015.  Default is a condition where the borrower has not made a payment on their loan for 9 months.

What makes this more troubling is that these increases in defaults are occurring at a time when the economic statistics, especially unemployment rates are at historical lows (from Washington Post): 

14Mar, 2017

What’s New With Credit Reports?

By |March 14th, 2017|Credit Reports, Credit Scores, Current Events, Policy, Research, Video Resource|

Here are a few new developments that we are tracking:

  • Consumers are about to benefit from changes afoot with credit reports (From WSJ [subscription] with hat tip to NGPF Team member, Sonia):
14Mar, 2017

Top NGPF Podcasts

By |March 14th, 2017|Credit Cards, Credit Reports, Credit Scores, Investing, Podcasts|

Looking for a great opportunity to deepen your knowledge on a topic that has been vexing you for weeks, months or maybe even years? Well, the NGPF podcast is a great place to turn. I interview experts including educators, NY Times bestselling authors, columnists at leading newspapers, researchers and academics. I thought I would share with you our top 10 podcasts over the past 12 months, based on data from Soundcloud:

13Mar, 2017

Question: What Percentage of High School Seniors Have A Driver’s License?

By |March 13th, 2017|Budgeting, Chart of the Week, Current Events, Insurance, Purchase Decisions, Question of the Day, Research|

Answer (from Pew Charitable Trust): 71.5%, a significant decline from 85.3% in 1996.

See chart below the line:

12Mar, 2017

Videos: What’s New In Investing?

By |March 12th, 2017|Behavioral Finance, Current Events, Index Funds, Investing, Mutual Funds, Stocks, Video Resource|

  • Warren Buffett’s Million Dollar Bet: Who’s Winning (from MarketWatch)?
    • What’s the bet?
    • What’s a hedge fund? What’s an index fund?
    • Who’s winning? Why?
    • Why should this matter to you as a regular investor? What’s the lesson?
  • Fee war breaks out on commissions to trade stocks (from CNBC):
    • How much are brokerage fees going down? Is this good news for investors?
    • Why do you think the online brokerage stocks are falling with this news?
    • Do you think investors will change brokers based on these cost reductions?

12Mar, 2017

What Are The Five Most Valuable Brands In The World?

By |March 12th, 2017|Advertising, Behavioral Finance, Current Events, Question of the Day, Research|

From BrandFinance:

Screen Shot 2017-03-12 at 7.42.34 AM

Questions:

9Mar, 2017

What does YOUR typical personal finance class look like?

By |March 9th, 2017|Flash Surveys|

Here at NGPF we’re always looking to learn more about our educators and their personal finance classes. This month we’re curious to know more about how you format your day-to-day lessons. Do you start off of with a Bell Ringer? Do you end with a question or Exit Ticket? Let us know in this month’s flash survey below!

Create your own user feedback survey

8Mar, 2017

What’s New In Behavioral Economics?

By |March 8th, 2017|Article, Behavioral Finance, Savings, Video Resource|

I thought I would highlight some recent behavioral economics resources that caught my eye recently:

  • ArticleHow Behavioral Economics Can Help You Retire Rich (Bloomberg article). Have your students read the article and ask them ONE action they will take based on these findings. Here are some of the interesting experiments described:
    • How to get people to save more with their tax refunds: “In one experiment, a control group of users was sent a simple text after a refund showed up in checking. It asked what percentage of the refund they’d like to save. The answer: an average of 10 percent. The experimental group was messaged before getting any refund check. Its text said that members might get a tax refund and asked what percentage of it they’d want to save. They answered 15 percent.”
    • How the 401(k) structure encourages savings: “A 401(k) plan is a pre-commitment device. “Imagine a world in which you didn’t have 401(k)s and every month you decided how much to save,” Ariely said. “It would be a terrible world, from a savings perspective.” Even better are automated programs that bump up contributions into 401(k)s. Fidelity Investments did some math on that. They used the example of a 25-year-old employee making $40,000 and getting annual raises of 1.5 percent after inflation. If she bumped up the percent of salary going into a 401(k) plan by 1 percent every year for 12 years, she’d have $1,930 more (PDF) in monthly retirement income.
8Mar, 2017

Jill Lucero Thinks Our Career Unit Is AWESOME!

By |March 8th, 2017|Career, Featured Teachers|

Jill Lucero is an NGPF early adopter, many time PLC participant, and all around well-loved educator here at our nonprofit organization. She’s also an outstanding business teacher at East High School in Cheyenne, WY. So, imagine my delight when I received this email in my inbox this morning, straight from Jill:

Jessica –

Just thought I would let you know that I just completed the entire Career unit.  It was awesome!!  Kept students very engaged and information was updated and relevant. I took out only a few parts.  I was even able to leave one section for a sub while I was gone and she was successful at following the instructions!  I was also able to get a teacher from another school on board teaching the same unit.

Tell your team THANK YOU!

Highlights of her email that make my heart sing:

  • Kept students very engaged — we all know teenagers aren’t easily impressed
  • Info was updated and relevant — I mean, does your curriculum have a lesson on Professional Profiles (examining your digital footprint, using social media to jumpstart your career search) and an activity AND a project on LinkedIn?
  • Able to leave one section for