Parent Conversations

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Podcast: How Can I Use Money Effectively To Promote My Happiness?

I thought you would enjoy this Meg Faber podcast while you were on one of those long summer drives with your family. It could lead to some great conversation too! Lots of thought-provoking wisdom from Elizabeth Dunn, co-author of the 2014 best-seller Happy Money: The Science of Happier Spending. In the podcast, she discusses new research into behavioral finance that she summarizes into five core principles that may make you think differently about how money can “buy” happiness:

Question: How Much Does It Cost to Raise A Child Born in 2015?

Hat tip to Brian Page educator (and podcast guest) at Reading High School (Reading, Ohio) for tipping me off to this USDA Report.

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Answer (you better thank your parents): $233,610

By |January 10th, 2017|Budgeting, Current Events, Parent Conversations, Research|

NGPF: Tim Talks to Pat Page, Award-Winning Educator and Passionate Advocate for Financial Education

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Thanks to Pat Page for the great conversation we recently had on the NGPF podcast. Pat shared her insights and expertise on many topics that financial educators will find helpful. You will learn about Pat’s approach to using technology in her classroom, teaching spreadsheets, using pithy phrases to focus student attention and telling stories that bring financial topics to life. You will also hear the inspiring story of how a group of students at her high school lobbied the Rhode Island legislature to make financial literacy a priority in the state. Enjoy!

Details:

Two Charts That Prove We Need To Teach Financial Aid in HIGH SCHOOL!

From GFLEC Policy Brief on Student Loans:

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NGPF Podcast: Tim Talks To Case Study Enthusiast, Kathleen Brennan of Mount Saint Mary Academy (Watchung, NJ)

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Thank you to Kathleen Brennan of Mount Saint Mary Academy (Watchung, NJ) for participating in the NGPF Podcast. Kathleen has won multiple teaching awards (she was the 2016 Outstanding Educator of the Year and 2013 Sloan Foundation Award winner to name must two) and loves using case studies in her classroom. Our conversation touches on the her favorite case studies (see Show Notes below), how she prepares for a case study discussion and the student engagement and learning she witnesses in her classroom. Enjoy!

Details:
  • 0:00~1:16 – Introduction
  • 1:16~4:31 – Kathleen’s background
  • 4:31~6:42 – Developing a personal finance classes
  • 6:42~8:47 – Most challenging topics for students
  • 8:47~12:07 – Case studies in the classroom
  • 12:07~14:29 – Best time to use case studies
  • 14:29~18:34 – Managing a case study discussion
  • 18:34~21:58 – Assessing

Question: What Are The Building Blocks of Financial Capability?

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Consumer Financial Protection Bureau (CFPB) out with a new report “Building Blocks to Help Youth Achieve Financial Capability.”

Skimming through it quickly to bring you the highlights. Here are their three building blocks they identify as critical to financial capability:

NGPF Podcast: Tim Talks To Elizabeth Justema of Summit High (Bend, OR) About Teaching Money Values and Beliefs

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My conversation with Elizabeth Justema, a personal finance teacher at  Summit High School in Bend, Oregon coincides with schools opening across the country post-Labor Day. Elizabeth raised her hand when the Social Studies department created  a personal finance elective (it’s quite popular with over 250 students enrolled) for this fall. With a previous career in international marketing at Microsoft, Elizabeth has a wealth of experience to share with her students. As for her interest and knowledge of personal finance, she has her entrepreneurial parents to thank for that.

Our conversation focused on a few topics that educators will benefit from:

Question: What Percentage of 8-14 Year Olds Have Credit Cards?

Answer: 18%, according to recent survey by T. Rowe Price.

Here’s the data:

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Some reasons parents gave for giving their kids credit cards: