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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:

15Jun, 2017

Question: Should We Be Teaching Financial Habits or Goals?

By |June 15th, 2017|Article, Behavioral Finance, Current Events, Research, Teaching Strategies, Tips for Teachers|

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:

14Jun, 2017

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

By |June 14th, 2017|Current Events, Research, Student Loans|

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
14Jun, 2017

Do Your Weekly Lunches Cost You $90,000 in Retirement Savings?

By |June 14th, 2017|Article, Behavioral Finance, Budgeting, Chart of the Week, Math, Personal Finance, Retirement|

“US households spent $3,008, or about $8.35 a day, on average, eating out in 2015… Investing $3,008 each year… would add up 30 years later to… more than $250,000.  Similarly, investing $3.50 a day for 30 years instead of buying a latte would add up to savings of nearly $107,000”. (USA Today, June 2017)

_________

We all know that it is hard to save enough for retirement.  Financial education teachers also know that students sometimes struggle to relate decisions in their current, daily lives, with how much they will need when they retire much later in life.  This interesting article attempts to help close this inter-temporal gap by framing our current weekly spending choices in terms of equivalent dollar amount closer to retirement.  “Is eating lunch out two times a week worth losing out on a potential investment windfall of $88,000?”

_________

Questions for Students: