Personal Finance

Good question to show the power of compounding...of course be sure to tell them that no investment would double on a daily basis for 30 days;) Calculators not allowed!  Answer: Starting with a penny and doubling it every day compounds to $10.7 million after 30 days Day 1: You would have $0.02 Day 2: You would have $0.04 Day 3: You would have $0.08 Day 4: You would have $0.16... Day 30: You would have $10,737,418.24. Questions: How much would the penny have grown to on Day 29? How much did the value increase between Day 29 and Day 30?  Now apply this concept to your own saving...

Sheet1 Start with a penny and it doubles every day starting on Day 1 Day #,Amount 1,$0.02 2,$0.04 3,$0.08 4,$0.16 5,$0.32 6,$0.64 7,$1.28 8,$2.56 9,$5.12 10,$10.24 11,$20.48 12,$40.96 13,$81.92 14,$163.84 15,$327.68 16,$655.36 17,$1,310.72 18,$2,621.44 19,$5,242.88 20,$10,485.76 21,$20,971.52 22...

Here's an activity I did with my class a few years back that helped simulate the psychological aspects of investing.  It's a pretty simple game with multiple ways that you could extend and increase its complexity. Game Instructions You are starting the game with a fictional balance of $100 This game will have 10 rounds The player with the highest balance after 10 rounds will be the WINNER! Game worksheet  How each round proceeds:  Each student independently decides if they want to be IN or OUT OF THE MARKET and marks their spreadsheet IN or OUT. A classmate will verify that t...

Question of the Day Career #32 UPDATED A YouTuber with over 1.4 million views a month can expect to earn about ________in monthly income. www.ngpf.org Last updated: 11/6/20

NGPF Activity Bank Behavioral Finance PLAY: Roll with the Market The basic principles of investing may seem simple - “buy low, sell high”, “set it and forget it”, and more. However, the psychology of investing can illuminate why we human beings can sometimes make investing more difficu...

Question of the Day Budgeting #54 Rank the following cost components for a cup of coffee from largest to smallest: milk cups/napkins shop costs/rent coffee staff costs www.ngpf.org Last updated: 5/22/19

How can we teach students about the stock market when they have no investing experience? I listened to this Masters of Business podcast with Barry Ritholtz interviewing investor and author Joel Greenblatt and picked up a few good ideas. Joel is not only a practitioner (a very successful hedge fund manager) but also an educator having spent the last 20+ years as a professor at Columbia Business School. Joel described the challenges of describing the stock market to a group of 9th graders at a Harlem high school and the ingenious idea he came up (about 48:20-51:00 in podcast): He brought...

High-quality financial education is a powerful force for positive change. However, financial education alone does not create financial well-being. It is one factor in a complex landscape of internal and external elements – some controlled by individuals and some not.

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How to Complete Workouts You may choose any of the listed workouts to complete. Workout point values vary based upon effort and time involved. You do not have to complete workouts in any...

The S&P 500 stock price index includes 500 companies. On Friday, five of the six so-called FAANGM stocks (all but Netflix) occupied the top...

Mimic Personal Finance uses decision-theory learning to teach students the basic principles of financial literacy. Students don't just study material; they experience financial decision making.

NGPF Activity Bank Managing Credit Spanish Version Virtual Adaptation Ideas INTERACTIVE: Credit Across US Communities Interactive: New York Fed Community Credit Maps Teacher Tip: This resource used to update annually, but it indicates data was not available for 2018 and it hasn’t bee...

Mi Financial Literacy - MI Fin Lit page for adults.

The financial well-being scale is a free tool to help you measure your client’s financial well-being.

Scientific techniques can help credit unions better understand how consumers are likely to behave in certain instances, allowing CUs to shape their tactics and responses to a variety of situations.

Cryptocurrency can be confusing. Here are the basics of digital currency and the technology behind it.

Data and analysis relating to the Quarterly Report on Household Debt and Credit.

The #1 financial literacy curriculum used by 30,000 teachers reaching over 2 million students. Free personal finance activities and lesson plans for middle and high schools, plus daily professional development for teachers -- also free

There are over one million registered charities in the United States alone, and many more worldwide. How do you choose among them? MyGoodness is a simple game that helps you understand how you give.

Financial aid offer letters look vastly different from one school to the next, and it isn't always clear how much students will have to pay. "It's really the Wild West," one expert says.

NGPF Activity Bank Insurance Spanish Version COMPARE: Types of Health Insurance Plans There are a LOT of options regarding health insurance, but in the end it boils down to THREE main variables: How is the cost of medical care being divided? - Meaning when you need medical care, what p...

College in the United States is expensive. The cost of higher education just keeps going up. Tuition costs at both public and private universities have doubled since the late 80s, while accounting for inflation. "I think that it's so ingrained in your head that you have to go to college, that college is the next step after graduation," said Jarret Freeman, a college graduate with roughly $50,000 in student debt. "I think in hindsight, I see that college is not for everyone." But a college education is becoming more and more necessary to succeed in today's economy. Georgetown University esti...

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