Teaching Strategies

/Teaching Strategies
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Question: Should We Be Teaching Financial Habits or Goals?

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:

Research Question: How Should We Be Structuring Financial Education To Engage All Students

The answer presented by Punam Keller, Associate Dean for Innovation and Growth at Tuck School of Business presented at 4th Annual OECD/GFLEC Global Policy Research Symposium to Advance Financial Literacy:

“Make the student the teacher!”

Here’s the video of her presentation (starts at 3 hours 44 minutes) and the cliff notes compiled by NGPF intern, Grace Deng:

By |June 13th, 2017|Research, Teaching Strategies|

Writing Prompts for Weekly Journaling in Personal Finance

Thanks to Brian Page of Reading High School for getting the tweets started and for the multiple contributors to his initial inquiry:

What reflection prompts should be required in a student financial literacy journal, as least weekly?

The responses are rolling in:

  • Brian Page (and NGPF podcast guest)
    • What did you learn that you will put to practice now or in the near future?
    • What tools did you discover that you plan to use now or in the near future?

NGPF Podcast: Tim Talks To Teacher-Innovator Tara Kelley of Harwood Union HS (Vermont)

I had a great conversation recently with NGPF Teacher Innovator Award winner, Tara Kelley, a math teacher from Harwood Union High School in Duxbury, Vermont. Tara created a Spring Break Project (who doesn’t want to plan a spring break vacation?) which allowed her students to explore the cost of using a credit card to pay for their Spring Break vacation. They learned through this activity the impact that changing their monthly credit card payments has on the total interest paid as well as the importance of paying off a credit card balance in full every month. Enjoy!

Details:

The Need for Financial Education Is Everywhere…!

As we embark on an advocacy strategy that you will see unfold in the weeks and months, I become more convinced everyday that there is a groundswell of grassroots support for making financial education as much a part of K-12 as the three Rs. I also am beginning to recognize the gaping hole that exists for financial programs targeting underserved populations.   This kind of fits the innovation model described in this Clay Christensen Harvard Business Review article where a disrupter targets markets that aren’t being served adequately today. As the list below shows, there seems to be a shortage of financial education providers customizing their product offering to adequately meet the needs of specific populations.

In the last few days alone, NGPF has received unsolicited inquiries from individuals serving diverse populations who are interested in expanding financial capability:

NGPF Podcast: Tim Talks To NGPF’s Jessica Endlich and Sonia Dalal About Their New One-Semester Course

Today on the podcast we hear from NGPF’s Jessica and Sonia about the new One-Semester Course that they are creating. We often hear from teachers that NGPF has great content but also that there is SO much of it.  Given how busy you are, we wanted to make it easy for you by developing the “greatest hits” of NGPF that you could fit into a semester course. Putting their problem-solving hats on, Jessica and Sonia are in the process of developing a One-Semester Course of exactly 90 lessons (18 weeks) of exactly 45 minutes each that you can use to teach your course in the fall. They have created the first four units of this course, provided PD in webinar format, and now join me on this NGPF podcast. We will go under the hood to learn how this new curriculum is being developed, the timeline for its rollout and how they incorporated teacher feedback to continue to improve their product. Enjoy!

Details:

Interactive: How Does Your Disposable Income Compare to Peers in Other Countries?

From the Guardian comes an interesting interactive which displays long-term trends in disposable income among different age groups in different countries. Students start by entering an age and a country (all G-8 countries are represented) and then see a series of charts that show three different analyses:

Writer’s Workshop: Write A Letter To A CEO (And Get A Response)

A recent Ron Lieber column in NY Times got me thinking about a useful skill that all young people should have: how to advocate for oneself in a manner that people in power will respond to.

Here’s the crux of his column: