Personal Finance
Want To Teach Your Kids About Money? Start By Including Them In The Conversation : Life Kit
Money can feel like a taboo topic in a lot of households, but talking about it regularly can take the awkwardness out of it.Kids see and do everything that we do, and that's true when it comes to money, says financial expert Jen Hemphill.In this episode, Hemphill shares her top tips for financial literacy for kids and families, including how to start those conversations and creating a healthy money mindset for everyone.
PLAY: Dollar Auction Game
NGPF Activity Bank Behavioral Economics PLAY: Dollar Auction Game How much would you pay to receive a one dollar bill? This game will help us explore cognitive biases that come into play when we’re making decisions. Part I: Explain the Rules You are about to participate in a hypothetica...
Family Budget Map
EPI’s Family Budget Calculator measures the income a family needs in order to attain a modest yet adequate standard of living. Compared with the federal poverty line and the Supplemental Poverty Measure, EPI’s family budgets provide a more accurate and complete measure of economic security in America. The Family Budget Map offers a view of cost of living for a two-parent, two-child family across the United States at the county level.
Up and Moving Implemtation INTERACTIVE: Explorsing Asset Classes
NGPF Activity Bank Investing UP & MOVING IMPLEMENTATION Link to full activity - INTERACTIVE: Exploring Asset Classes Interactive: Novel Investor's Asset Class Returns Implementation to Part 1: Define the Asset Classes Distribute the Asset Class Cards (or sticky notes) and Descrip...
Question of the Day: Over a recent 20 year period, what percent of pros investing in large companies "beat the market?" - Blog
Answer: 94% of investment pros underperformed (see below), so 6% outperformed. Questions: Why do you think investing professionals struggle to "beat the market? Why do you think investors continue to invest their money with professionals despite their record of not being able to "beat the market?" Your friend says "you are better off investing with professionals instead of buying a simple index fund (e.g., S&P 500) that matches the market return." Do you agree or disagree based on the data above? Click here for the ready-to-go slides for this Question of the Day that you can use with your students. Behind the numbers (SPIVA report, 2020): A UNIQUE SCORECARD FOR THE ACTIVE VERSUS PASSIVE DEBATE There is nothing novel about the index versus active debate.
Question of the Day [Updated]: What's the new interest rate on federal student loans for the 2021-22 school year? - Blog
Answer: 3.73% (vs. 2.75% for 2020-21 school year) Questions: How do you think this interest rate compares to the interest charged on credit card debt? Average student debt is around $30,000 for college graduates. At current interest rates, roughly how much in interest would be paid over the life of a 10-year student loan? Here's a loan calculator to help with the math. Click here for the ready-to-go slides for this Question of the Day that you can use with your students. Behind the numbers (NerdWallet): Federal student loans will be more expensive for 2021-22 school year.