Category Archives: Credit Cards

A Tale of Two Credit Scores: A Case Study

I have been working on a case study to help students understand credit scores.  Let me know what you think about my draft. Contact me at tim@nextgenpersonalfinance.org if you have any comments or just want the answer key:

A Tale of Two Credit Scores: A Case Study

Staring at the two student files on your desk, you know that you only have a few minutes to review them before your afternoon meetings. Your role as peer financial advisor provides you not only with the opportunity to help others but also has deepened your understanding of so many personal finance topics. Both students have come to you with one simple request: teach me how to increase my credit score. As more financial institutions have freely shared credit scores with their customers, you have seen interest in this topic grow.   Continue reading

Activity Idea: Putting A Face On What It Means To Be In Debt

I often hear my high school students remark “why would anyone ever allow themselves to be in debt?” when they see the costs and consequences of being saddled with debt.  Unfortunately, most people don’t plan to be in that situation…life just happens.

I stumbled upon this website, the Debt Project, that I thought would help to put a human face on debt but also help students to understand the life events and decisions that help lead to indebtedness.  The Debt Project has portraits and 47 first person stories that are handwritten and describe the amount of debt and the story behind the debt.

So, what’s the activity idea? Continue reading

Parental Advice: Use Everyday Events to Teach Kids About Money

NGPF was recently featured in MoneyWatch article:

“When my daughter graduated elementary school and got her first phone, I took the chance to dive into the phone bill,” says Tim Ranzetta, founder of NextGenPersonalFinance.org, which offers personal-finance educational materials for high-school and college students.

With his daughter, now age 12, Ranzetta emphasized that data usage drives the total monthly cellphone bill, which is why it is worth using Wi-Fi networks whenever they are available.

The article lists nine everyday situations that are “learning opportunities:”  I have listed NGPF activities that can help in the learning process: Continue reading

Top 10 NGPF Lessons For the 2014-15 School Year

With our first school year winding down (or already concluded), I wanted to highlight the most popular NGPF lessons, as measured by teacher views.  As for patterns, the most popular lessons are drawn from a variety of topics, however teachers tended to gravitate towards our “Basics” lessons which will provide students with good foundational knowledge.  So, without further ado, our top 10 list…

Continue reading

What Are People Reading on the NGPF Blog: Top 10 Posts for May 2015

It was a record month for the NGPF Blog, with visitors and page views increasing by over 300%!  Here is what personal finance educators were reading:

#10: Activity Idea:  Plan That $1,600 Summer Vacation

#9: What If the NBA Legend Who Allegedly Blew Through $154 Million Had A Savings Plan? Continue reading

Activity Idea: What Are You Complaining About?

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I stumbled upon this Complaint Database on the Consumer Financial Protection Board (CFPB) website and thought it would make a great activity for students while also increasing their “street smarts” regarding common complaints with financial service firms.

So, here’s an idea on how to create an activity using this database: Continue reading