Next Gen Personal Finance: November 2014 Newsletter

Check out our November 2014 Newsletter...

Welcome to Next Gen Personal Finance's November 2014 Newsletter Next Gen Personal Finance (NGPF) is a non-profit organization that believes that all young people deserve a free, quality education to develop their financial capability.   Four years ago, I started teaching personal finance at an East Palo Alto, California high school and spent dozens of frustrating hours doing Google searches to find that "perfect" resource for my students.  At NGPF, we spend hundreds of hours finding those "perfect" resources for YOU, package them into engaging lessons and create rich performance tasks to ensure students can apply their learning.  Check out our FREE Lesson Library, which now has over 50 easy to implement lessons.   My hope with this newsletter:  You will find a few ideas that you can implement immediately in the classroom.  We love your feedback so please let us know how we can continue to serve the personal finance educator community.   Regards, Tim Ranzetta [email protected]   Top 5 Questions of the Day (from NGPF Blog).  Voted on by personal finance educators like yourself, these five questions proved most popular in engaging your students: What do High School Students Spend Most of Their Money On? What is the Lifetime Value of a College Education (By Major)? What is the Highest Interest Rate I Can Earn on a Standard Savings Account? What is the Preferred Method of Payment for Consumers? What is the S&P500? Top 5 Lessons.  These Next Gen Personal Finance lessons proved most popular to educators visiting the NGPF Blog.   We build our free lessons by curating web content, including videos, articles and calculators and creating our own performance tasks.   Checking Basics Should I Get A Credit Card? Budgeting: Needs vs. Wants Define Your Savings Goal Purchasing a Used Car Featured NGPF Lessons:  We are constantly adding to the NGPF Lesson Library so let us know if there are specific lessons that we can develop for you. Here are some of the new additions: Investment Basics Family and Money Scams, Fraud and Identity Theft Chart of the Month:  They say a picture tells a thousand words.  How about one picture showing 500 companies?  Check out the chart in this post(larger image appears in blog post) which provides a graphical representation of the S&P500 while also reinforcing investing concepts such as diversification and return on investment.   Interpreting Data:  We hear from many educators about the need for students to hone their analytical abilities. Here are a few charts for them to interpret that also serve as great discussion starters: Why Are Young People Saving Less?   How Do Consumers Pick Checking Accounts? What's the Relationship Between Risk and Return?  On The Couch: The Psychology of Money Understanding the psychological factors behind many financial decisions serves as a critical first step behind making better ones.  Here are a few resources that address the behavioral aspects of personal finance: The Psychology Behind Our Money Decisions (Video) Psychology of Budgeting and Managing Your Finances Three research studies at the top of this postdescribe the psychology behind credit card usage.   Is There Balance In Your Life? On The Couch: The Psychology of Money Understanding the psychological factors behind many financial decisions serves as a critical first step behind making better ones.  Here are a few resources that address the behavioral aspects of personal finance: The Psychology Behind Our Money Decisions (Video) Psychology of Budgeting and Managing Your Finances Three research studies at the top of this postdescribe the psychology behind credit card usage.   Is There Balance In Your Life? What's New?: Current Event Ideas For teachers looking to incorporate current events into their lessons, you are in luck.  We scan the financial news everyday looking for topics that will engage your students and develop lesson ideas or activities.  Here are a few from the past month: Evaluating Apple Pay As A Payment Choice With So Many Retailers Being Hacked, How To Protect Against Fraud How Did One NBA Star Lose $110 Million While Another Earned Hundreds of Millions After His Playing Career Ended (Video)? Should You Get a Credit Card? Investing Trends: Here Come the Robo-Advisors Trends:  The one constant in the personal finance world is change.  We meet that challenge head-on with timely updates on new developments.  Here are some examples of what we have been tracking:   Credit Cards: Here are some of the trends we noted in our last credit card update: Millennials using credit cards less than older generations What are new credit cards going to look like? Apple Pay had a million credit cards entered in first three day. Checking Accounts:   Yes, even in the staid world of checking accounts, lots of new developments:   Recent research shows how consumers choose a checking account and why they keep overdrawing their accounts; Banks now offering checking accounts without checks (?); Online banks and credit unions have better terms on checking accounts; Debit cards have hidden dangers that your students should be aware of. We also provide regular updates on credit scores, student loans and investing.   Recent and Upcoming Events:   October 18, 2014: FBLA Conference (Santa Clara, California): NGPF provided a workshop for FBLA Advisers and students November 8-10:  JumpStart Conference (Los Angeles, CA):  NGPF participated as exhibitor November 15th:  CBEA State Conference (Monterey, CA):  Exhibitor and workshop for personal finance educators Follow Us on Social Media Facebook Twitter Website Share this Newsletter Share Tweet Forward Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|* Our mailing address is: *|HTML:LIST_ADDRESS_HTML|* *|END:IF|* unsubscribe from this list    update subscription preferences  *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*