6Jul, 2017

Schools in the News

By |July 6th, 2017|Uncategorized|

  • At Arbutus Middle School, students gain insight on personal finance (The Baltimore Sun)

Want to know the difference between disposable and discretionary income? Ask these eighth-graders. “Disposable income is what you have left after you pay taxes and before you pay your bills,” said Justin Maddox, an eighth-grader at Arbutus Middle School who lives in Baltimore Highlands. “Discretionary income is what you have after you get the taxes off and you pay your bills. It’s basically what you have what left over.” Justin was one of eight students in the school’s Academy of Finance program, designed to give students an introduction to money management.

  • Personal finance education may be required at Wisconsin public schools (Journal Sentinel)

Along with teaching reading, writing and math, Wisconsin public schools could be assigned another fundamental mission — helping students understand basic personal finance concepts such as credit, compound interest, and budgeting. With bipartisan support, the state Assembly last week passed a bill that would require public schools to incorporate financial literacy into their kindergarten-through-12th-grade curriculum.

  • New Madison School District policy requires students to take financial literacy class to graduate

2Jul, 2017

NGPF Podcast: Tim Talks Behavioral Finance and Investing with Daniel Crosby

By |July 2nd, 2017|Behavioral Finance, Podcasts|

If you love to learn about behavioral finance and how it can make you a better investor, then you will enjoy my recent conversation with Daniel Crosby. We delve into his early years and learn that Daniel grew up in a financially knowledgable family where his father referred to “debt” as that “d-word.” Daniel sees the world of finance through multiple lenses, given his background as a psychologist, financial advisor and author. We will go into detail about his latest, The Laws of Wealth: Psychology and the Secret to Investing Success, in which Daniel not only provides excellent advice but does it in an engaging way. I enjoyed it and hope you will too!

29Jun, 2017

Interactive: Auto Insurance Comparison Shopping

By |June 29th, 2017|Activities, Activity, Current Events, Insurance, Interactive, Parent Conversations, Research|

Hat tip to Talitha Oliveri for pointing out this auto insurance comparison site (we had been looking for one like this for years that didn’t require setting up an account!!!). Your students are required to enter the following information, which will help them understand the factors that impact insurance rates, and they receive actual quotes from leading insurance companies:

  • Car information
    • Type of car
    • Leased vs. financed
    • Purpose of vehicle
    • Miles driven
    • Anti-theft device (yes/no)
  • Driver information
29Jun, 2017

Not Your Typical Professional Athlete’s Financial Situation…

By |June 29th, 2017|Article, Current Events, Video Resource|

Hat tip to Niko Lillios and Hari for pointing out these articles that don’t adhere to the typical story of the spendthrift professional athlete (as we see in ESPN’s 30 for 30 Broke in the NGPF video Library). We know young people look up to athletes, so how about changing showing some examples of successful athletes with good financial habits, including:

  • Hockey player shares the lessons he learned through his playing career and how he came up with the “Avery Rule” (Players Tribune):
28Jun, 2017

Interactive: Is The Career That You Are Interested In Likely to Disappear?

By |June 28th, 2017|Career, Chart of the Week, Current Events, Employment, Question of the Day, Research|

Lots of insightful and sobering interactive resources on this topic of job automation (see here, here and here for additional NGPF resources on this topic). Here’s another from Bloomberg (hat tip to Hari of NGPF and Big Picture Blog):

Quick orientation: 

28Jun, 2017

NGPF “Webbies” Recognize Teachers Devoted to Professional Development

By |June 28th, 2017|Featured Teachers, Professional Development, Webinar|

As we close the book on another school year, we wanted to recognize educators who committed to their own professional development through their participation in Next Gen Personal Finance (NGPF) webinars. Announcing our first NGPF “Webby” awards for those educators who participated in the most NGPF webinars over the past school year (Thanks to Sid Sharma, NGPF intern for this analysis). Each of the educators recognized below will be receiving a $100 Amazon gift card. And the envelope please…the NGPF “Webby” Award winners for the 2016-17 school year, with number of webinars attended in parentheses and quotes provided too:

1. Barbara O’Neill  (8) of Rutgers Cooperative Extension (New Brunswick, NJ)

2. Kathleen Brennan (7) of  Mount Saint Mary Academy (Watchung, NJ)

3. MaryAnne Bugbee (6) of Mount Markham High School (West Winfield, NY)

4. Joey Running (6) of West Albany High School (Albany, OR)

5. Jodie Holmquist (5) of Hinsdale Middle High School (Hinsdale, NH)

6. Jeffrey Snyder (5) of Wayne Valley High School (Wayne, NJ)

7. Dave Johnson (5) of Point Pleasant Borough High School (Point Pleasant, NJ)

8. Carol Cohen (5) of Spotswood High School (Spotswood, NJ)
27Jun, 2017

Chart: How Are Millennials Investing Their Money?

By |June 27th, 2017|Chart of the Week, compound interest, Current Events, Investing, Math, Personal Finance, Question of the Day, Research, Stocks|

Hat tip to The Reformed Broker for this thought-provoking chart which will get your students thinking about the importance of asset allocations:

Questions for students:

27Jun, 2017

Tempted to Play The Powerball Lottery? Try These NGPF Resources To Encourage Student Reflection.

By |June 27th, 2017|Activities, Activity, Behavioral Finance, Current Events, Purchase Decisions, Research|

I meant to post this earlier this month after the news of the $448 million Powerball Lottery winner from California:

26Jun, 2017

Question: How Much Does Adding A Teen To An Auto Insurance Policy Increase The Premium?

By |June 26th, 2017|Article, Insurance, New Products, Question of the Day|

Answer (from NY Times; subscription): 78% or $671!

More from the Times article:

An annual analysis by, a rate comparison site, found that adding a teenager still increased annual premiums substantially, but the magnitude of the increase has been falling over the past few years.

Adding a single teenager to a policy caused annual premiums to increase an average of 78 percent, or $671. But rate increases have been decreasing since 2013, when the average increase was 85 percent.

Laura Adams, senior insurance analyst with insuranceQuotes, said that factors in the trend may include safer automobile technology, a dip in the number of teenagers getting driver’s licenses and the continued impact of “graduated” driving programs, which place restrictions on new drivers until they gain more experience on the road.

So, what strategies can your students use to minimize this cost? The article offers a few:

26Jun, 2017

What Are People Reading on the NGPF Blog?

By |June 26th, 2017|Behavioral Finance, Checking Accounts, compound interest, Credit Cards, Cryptocurrencies, Current Events, Investing, Quizzes, Retirement, Savings|

Getting close to the end of June, so I thought it was worth checking our website analytics to see what new blog posts are garnering attention as the school year wound down in many parts of the country.

Here are the top 5:

25Jun, 2017

Before You Buy That Mutual Fund With That Star Manager…

By |June 25th, 2017|Uncategorized|

Interesting chart from The Economist (subscription) demonstrating why “past performance is not indicative of future results,” is such a truism in investment management. When S&P analyzed how the best performing (top quartile) active funds in a given year performed in future years, well, let’s just say, there wasn’t much persistence: 

25Jun, 2017

NGPF Podcast: Tim Talks To Marla Blow, CEO of FS Card, Inc.

By |June 25th, 2017|Credit Cards, Credit Scores, New Products, Podcasts|

I really enjoyed the recent conversation I had with Marla Blow who is not your typical credit card executive. She runs a start-up credit card company (FS Card, Inc.) focused on helping subprime customers get their “sea legs” to establish a positive credit history.  In a sense, she has been preparing for this role for her entire career. You will hear about her odyssey from modeling losses in credit card portfolios during  the Great Recession to signing on as an early team member at the Consumer Financial Protection Bureau (CFPB) and will learn how these experiences inform her work today. Enjoy!