Category Archives: Budgeting

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

Two NBA Stars Provide Personal Finance Advice: Who Would You Listen To?

Here’s a six minute audio interview with Adrian Foyle from NPR’s All Things Considered.  Here is an excerpt:

I got my master’s in sports psychology, and my thesis was on retirement experiences of NBA players. I went out and spoke to about 10 to 12 different players, and I talked to them about their transition. And one of the things we talked about was: If you were to do it again, what are some of the things that you would do differently? And almost all of them talk about financial literacy and financial education.

One guy said that, you know, “I saw my parents. They didn’t have any money. I grew up poor and then I was given all this money, and then I had no idea what to do with it. And I was so silly I didn’t ask questions because I was afraid that people would think that I wasn’t smart.”

And here’s Antoine Walker (you might recall that he lost $110 million) who has been barnstorming colleges to discuss the painful lessons that he learned with his financial missteps (click to see 2 minute NewsChannel 5 video).

Ask students what lessons they can take from these professional athletes that they can apply to their financial lives…