We like to try different things at NGPF so this week we decided to take a new tack with the podcast and use it to discuss a recent lesson we created, “Teach Investing in 2 Hours.” The lesson’s title matches its goal to teach students in a compressed time frame enough so that they could confidently make a wise choice for their 401(k) (or other retirement) plan. We have heard time and again from educators that investing is the most difficult topic for them to teach their students. The seemingly innumerable investing options (where do I start and end?), the confusing jargon (how do I explain a P/E ratio to a novice investor?) and the lack of experience (I need to be able to manage my own investments before I can teach others) all hinder their performance. With the world moving away from defined benefit plans (pensions) toward DIY or defined contribution plans, young people need to understand that their investment choices will impact their options, such as when they will be able to retire. We had fun developing this lesson and hope this podcast piques your interest enough to try
NGPF Fellow Amanda Volz took a fairly basic activity from our bank — COMPARE: Making Credit Decisions — and made it her own. Now, she’s sharing the strategy, guaranteed to liven up your classroom, with you. As an added bonus, the activity she’s referring to is now available in Spanish, too, so some of your English Language Learners can participate fully in this discussion-based fun. Read on for Amanda’s guest blog post…
Thanks to Steve Penley of Waubonsie Valley High School (Aurora, Illinois) for coming on the NGPF podcast recently. Steve came to our attention through his participation in the NGPF Professional Learning Communities (PLC) program that Jessica (from NGPF) facilitates. In Jessica’s words, “Steve provides tons of great feedback to other participants and stays abreast of new technologies and tools which is incredibly valuable to the group.” In this podcast, Steve shares the reasons that he participates in PLCs, as well as his insights on how to run a blended learning classroom along with his favorite lesson. He will also tell you about a few of his favorite online resources and tech tools. Enjoy!
Our first savings lesson focused on four learning objectives:
- Importance of saving
- Power of compound interest
- Understanding different types of savings accounts
- How to make saving automatic
Here is a summary of this lesson which will be part of a 24 hour curriculum that Sonia is currently packaging and will release later this spring. I provide this summary in case you are teaching savings now and looking for some ideas to supplement what you are currently doing:
When she was at Summer Institute 2016, NGPF Fellow Sue Suttich told us about the “Cha-Ching” policy she uses in her classroom. Now, as a follow-up, she’s providing all of you with this catchy strategy she implements throughout the year to help her students remember the most important personal finance concepts. Thanks for sharing, Sue!
It’s a special occasion here on the NGPF blog — a guest piece by NGPF Fellow Amy McCabe! We know that hearing from us is one thing, but hearing from a fellow teacher, who’s in the classroom day in and day out, is a whole different ballgame! Amy’s an economics and personal finance educator at Culpepper County High School in VA, and sends along this review…
Nice question to get your students engaged in your lesson about saving for retirement. Here’s an interactive from the Actuaries Longevity Illustrator to help answer that question. I created two fictitious high school students, Bill Bradley and Samantha Taggart to demonstrate a potential mini-activity: