Category Archives: Budgeting

Product Release: NGPF Assessment Bank


Today, we are proud to release the beta version of the NGPF Assessment Bank. You asked for this in our recent surveys and we are delivering a set of 25 multiple choice questions for each of the five most frequently used NGPF Units. The assessments are now available in two places: online on our Gooru platform and a Google Docs version for those who prefer a paper version.

Here are the units currently available with links to the two versions:

  1. Checking……… Google Doc | Gooru
  2. Savings……….. Google Doc | Gooru
  3. Credit Scores.. Google Doc | Gooru
  4. Budgeting…….  Google Doc | Gooru
  5. Investing………. Google Doc | Gooru

Can you provide more detail on the two ways that I can access the NGPF Assessment Bank? Continue reading

NGPF Podcast: Brian Page, Outreach and Education Manager at Budget Challenge

Thank you to Brian Page, Outreach and Education Manager at Budget Challenge for sharing his expertise with our educator community in this recent 24 minute podcast .  Brian spent over a decade teaching personal finance at Reading High School (Ohio) and now lends his expertise to supporting teachers implementing the Budget Challenge simulation in their classrooms.  Brian’s years of experience in the classroom provides him with an amazing perspective to provide insightful answers to such questions as…

  • What real-world skills can a simulation like Budget Challenge provide students?
  • How does Budget Challenge address the fee-driven financial services world that we live in?
  • What are the various ways that teachers can implement Budget Challenge in their classrooms?
  • What are the keys to students succeeding in the Budget Challenge (after all, there are millions of scholarship dollars at stake!)?

Enjoy the conversation!

Show notes: Continue reading

NGPF Podcast: Tim Talks With Dottie Vollmer, Peer Financial Educator at Indiana University

Thank you to Dottie Vollmer, a Peer Financial Educator, for sharing her expertise with our educator community in this recent podcast (duration: 17 minutes).  Dottie counsels college students as a member of the MoneySmarts team at Indiana University.  In this podcast, she shares what she has learned in her work with college students on budgeting, student loans and credit cards and answers such questions as:

  • What are the biggest misconceptions about money that college students have?
  • What budget items do college students have the most difficulty cutting?
  • What do you know now that you wish you knew in high school?

Show notes: Continue reading

Can You Go On A Cash-Only Diet?

This BusinessInsider article might be a useful activity to try in your classroom for a few weeks or even a month.  Challenge your students with debit and/or credit cards to put them away and only use cash for a period of time. Probably best for them to estimate their weekly expenses and then take out that amount at the beginning of the week. While they spend, they should also be sure to collect receipts so they can track their spending. The research is well documented that we spend less when use cash instead of plastic. Continue reading

Looking for A Great Hands-On Budgeting Activity….


I think of this no-tech, kinesthetic Bean Game activity as “Ol Reliable” when it comes to my six week summer program I have taught at Eastside Prep. for the past five years. Each year this game has been one of my students’ favorite activities.  Here’s a sampling of feedback from students when I asked what they liked best about the class this year:

  • “The activities we did in class like the bean game because it helped me better understand what budgeting would be like in the future.”
  • “I loved the real life examples we did like the bean game.”
  • “What i liked most about the class was participating in the bean game where we use beans as money for our needs such as phone payment, buying a car and living in our own apartment.”

The game has a very simple set-up: Continue reading