wifi: clarion2017 august 2019 portland, memejumpstart.org/wp-content/uploads/2019/08/fincamp...q1:...
TRANSCRIPT
Portland, MEAugust 2019
Wifi: clarion2017
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Icebreaker
● Q1: What’s the most exciting thing about your summer so far?
Icebreaker
● Q2: Describe a book, song or movie that taught you something about money.
Icebreaker
● Q3: What is your first memory about spending your own money?
Icebreaker
Q4: What’s the best personal finance project you’ve done with your students?
Goal Setting
1. Review the Agenda and Objectives for the day
a. What are you excited about?b. What would you like to learn more about?c. What questions do you have about the day?
2. Set a Personal Inquiry Question
a. Given today’s plan, what is your focus for today?b. What do you need to do to stay present
and focused on this inquiry question?7
Your Turn!
2 Windows/Tabs
ngpf.org
bit.ly/scavmaine
● What did you find that interests you?
Pair, Share
● Sign Up For a Teacher Account○ Access to Assessments○ Answer Keys
● How? ○ Home Page, upper right
Answer Keys?!
Share Ideas With Other Educators
13bit.ly/FinLitFanatics
Who is NGPF?
The Beginning!
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Google Search
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4 CsCOMPREHENSIVE CUSTOMIZABLE
CURRENTCURATED
FREE...and Always Will Be!
Who’s Using NGPF?
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Who’s Using NGPF?By The Numbers
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49%of U.S. high school students attend a school where a
teacher is using NGPF curriculum
Our Mission
To revolutionize the teaching of personal finance in
all schools and to improve the financial lives of the
next generation.
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What’s Next For NGPF?
Curriculum Offerings
● Video Library
● Interactive Library
● Questions of the Day (Daily)
● The Fine Print
● Data Crunches
● Quiz Games
● Number Chugs
● FinCap Friday (weekly)
● Activity Bank (Sp)
● Project Bank (Sp)
● Case Studies (Sp)
● Assessment Bank
● Online Banking Sim
● Arcade Games
○ STAX (investing)
○ Shady Sam (credit)
○ CREDIT CLASH
● Lessons
● Units
● Middle School
● 8-Hr Workshop
● 18-Hr Workshop
● Semester Course
● 9-Wk Course
SupplementalPrimary
New addition 24
Professional Development
● Weekly Podcasts
● Flash Surveys
● NGPF Blog
● Newsletter
● Webinar Rewind
● Webinars
● FinLit Fanatics! Group
● Virtual FinCamps
● Virtual PD
● National and state conferences
● 70+ FinCamps
● NGPF Summit
● FinCamp+ growth
● User Conference in 2020
Archived OnlineIn-Person Live Online
New addition25
NGPF Academy
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Earn credits through participation in NGPF Professional Development:
Activity Frequency Credits
FinCamp PLUS 10-15 21
FinCamp 70-80 7
Virtual FinCamp 18 5
Virtual PD 120-150 1
Webinar 12 1
NGPF Academy
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● Earn NGPF swag based on credits earned:○ Freshman: 10 credits○ Sophomore: 20 credits○ Junior: 30 credits○ Senior: 40 credits
● Seniors also will be entered in drawing to attend NGPF’s first User Conference in summer 2020!
● For additional details on NGPF Academy
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Mission: 2030
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100% of U.S. high schoolers will take a semester-long personal
finance course prior to graduation.
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$1 Million
Gold Standard Challenge
Questions?
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Behavioral Finance 101
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Behavioral FinanceBe·hav·ior·al fi·nance/bəˈhāvyərəl/ /ˈfīnans,fəˈnans/
Noun1. The study of how and why people
make certain financial choices33
How would you split $20?
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I give your friend $20 (notecard). They have to share a portion of their $20 with you and can give you as much or as little as they want.
● Outcome 1: If you accept the offer, you get that amount, and they keep the rest.
● Outcome 2: If you turn down their offer, both of you get NADA, ZILCH, ZERO.
How would you split $20?
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1. On the notecard, Partner A will write down confidential offer (no peeking!)
2. On my count, you will slide the notecard over to Partner B
3. Partner B has 10 seconds to accept or decline offer by writing Y or N
4. On my count, you will slide the notecard back to Partner A
Partner A = notecardPartner B = accept // decline
RESOURCES > ACTIVITIES > BONUS
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Behavioral Finance Reflection
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● Why is it important that behavioral finance
concepts are discussed with students?
Want More Behavioral Finance?
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● Brain Games Related to Money (Videos)● Blog Post & Activity: Effect of peer pressure on your college
finances (Blog post)● Interactive: Do you have a designer's eye? OR Can you tell
which item costs $1,000 more? (Blog post)● Chat with behavioral finance pioneers Meir Statman (Santa
Clara) and Terry Odean (Berkeley) (Podcast)
INTRO UNIT TO NEW SEMESTER COURSE!
Questions?
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4210 minute break
Exploring Semester CourseSC-3.4 Where to Save
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What is Semester Course?
Ninety, 45-minute lesson plans (18 weeks)● Open:
○ Discussion Prompt, Data Crunch, or Mini Activity○ Essential Questions
● Body: ○ 35 min of various resource types
● Close:○ Exit Ticket (3 questions)
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PRO TIP: Log into your
account!
Where is Semester Course?
Unit Pages are Different, but Cool!
PRO TIP: Only top
lessons are semester course!
Lesson Guide vs SAP
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● Lesson Guide -- for YOU, the teacher● SAP -- for students, aka their “study guide”
○ Load into Google Classroom, your LMS, website○ Print it old school○ Scrap it
SC-3.4 Where to Save
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● Jump$tart National Standards
● Unit Plan = ideal for admin or overview
Resource 1
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Resource 2
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Resource 3
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Resource 4
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Resource 4
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Part I
Type of Account Description Interest Rate
Traditional Savings account
Interest bearing deposit account - good option for parking option in the short-term
.09%
Online Savings Account
All online - better perks because of less overhead compared to traditional banks - 24/7 access - no cash deposits - lots of apps to use with these accounts - can have fees if you don’t have the minimum amount required
2.5%
CD Loan to a financial institution for a set period of time - interest can be a bit higher based on how much time
0.5% - 2.8% (depends on the time)
MMA High minimum deposit required - earns higher interest. Limited number of withdrawals and limits the amount in some cases. Many require a high balance to avoid fees.
0.15% - 3%
Resource 4
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Part II
Resource 4
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Part III
Resource 5
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Resource 6
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NGPF Overarching Lesson Philosophies
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● Videos & articles to teach content○ Teachers “fill in gaps” as needed
● Best learning = students DOING○ Full activities included -- recommended strategies for
shortening● Core skills embedded throughout all units
○ Ex: Goal setting, decision making, comparison shopping, fine print
questions?
Investing with FinTech Resources
Note: The views and information contained within this presentation are provided for educational purposes only and are not meant as investment advice.
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Key Investing Principles
● Why invest?
● Start early!
● Keep it simple, index.
● Can you navigate the 401(k)?
Top NGPF Investing Resources
● Let’s Make a Mutual Fund
● MOVE: Organize a Stock Market Index
● Interactive: What’s the S&P 500?
● STAX
padlet.com/nextgen/robo
bit.ly/riseofrobo18
bit.ly/robosecure
NGPF ActivityROLEPLAY: Sign Up for a 401(k)
NGPF ActivityHow Much To Contribute?
NGPF ActivityWhat’s Your Risk Tolerance?
NGPF ActivityStocks vs. Bonds
NGPF ActivityLet’s Pick A Fund
NGPF ActivityThe Moment Of Truth
Exit Ticket
● Why is it important to start investing early for your retirement?
● Explain 2 ways in which an actively managed mutual fund and an index fund differ.
● When faced with a choice of more than 20 investment options, what are some shortcuts to cut through the noise of 401(k) plans?
Questions?
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8045-minute break
Teach Checking for the 21st Century
What 21st-Century checking content are you unsure
about?
Jot your response...
Session Goals
The goals for this session are:
★ Explore one “new” aspect of banking where you’ve got a knowledge gap
★ Learn a little bit about 4 specific 21st-century checking concepts so you’re prepared for your Gen Z students this fall
Why must we update?
Source: Federal Reserve Bank, Payments Study, 2013Source: Raddon Financial Group, National Consumer Research, Spring 2014
Why must we update?
Source: Federal Reserve Bank, Consumers and Mobile Financial Services 2016, 3/16
Why must we update?
Source: Federal Reserve Bank, Consumers and Mobile Financial Services 2016, 3/16
Next Steps
Let’s Do It:
● Step 1 (10 mins): Fill in your knowledge gaps [independent work]
● Step 2 (20 mins): Create one slide of need-to-know info [group work]
● Step 3: Teach your colleagues [whole group]
Need-to-Know New
Person-to-Person Payments (P2P)
● Examples: PayPal, Venmo, Zelle, Popmoney● Transfer money to friends
Need-to-Know New
Digital Wallets
● Examples: Apple Pay, Google Pay, Samsung Pay● Use your phone instead of your card to pay merchants
Need-to-Know New
Payroll Cards
● Examples: NetSpend or many major banks● Prepaid cards issued by employer in lieu of paycheck
Next Steps
Let’s Do It:
● Step 1 (10 mins): Fill in your knowledge gaps [independent work]
● Step 2 (20 mins): Create one slide of need-to-know info [group work]
● Step 3: Teach your colleagues [whole group]
Your Task:
● Use recommended resources bit.ly/21stcheck OR a web search to fill in your knowledge gap on ONE 21st-century topic
● Take notes on the important content
bit.ly/21stcheck
Your Task:
● Find your group’s topic in the prepared slide template
● bit.ly/CheckingFCP
● Prepare a slide (or 2) to share out whole group - for duplicating, right click and select duplicate slide
Group Work
Teach Your Topic!
bit.ly/21stcheck805
Let’s Circle Back
★ What from our opening question hasn’t been
answered?
★ Let’s try to fill in the gaps
questions?
9710 minute break
Engaging way to bring current events into the classroom (Found Under the Resources Tab)
● 5 question Kahoot
● 90 second explainer video
● Discussion prompt
● Activity ideas
Go to: kahoot.it
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Receive every Friday morning by subscribing to NGPF Blog
“The world where you dressed up to go to the bank, you had cash on hand, and you held up the line at the grocery store to write a check are long gone, and almost everything has moved to ___________.”
Fiscal Tiger website
Go to Kahoot.it
Explore 1 resource to build your knowledge about a trend.
Resource Ideas (Clickable)
● INTERACTIVE: Will Your Job Be Done by a Machine? (#10) {Careers Unit Activity}
● SOFT SKILLS: Good Communication (#26)● FINCAP FRIDAY: “Rent Your Drobe” {Resources}● PROJECT: Online Tools & Apps (#5) {Checking}● Explore Financial Pitfalls Unit Page● Explore Paying for College Unit Page
Closing Out#FinHeroes Unite!
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100% of U.S. high schoolers will take a high quality semester-long personal finance course before graduation.
Mission: 2030
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Where Do You Want To Take This?
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Embed a few PF units into an existing
course
Create an elective personal finance
course
Add more sections due to the popularity
of the course
Advocate for the course to become a
requirement
Support educators in neighboring
districtsBase Camp
Summit
Flyin’
Altitude Camp 2
Altitude Camp 1
NGPF will: ● Create innovative, high quality resources that you want
● Provide professional development that you love
● Partner with you to expand access
● Always be FREE!
Our Commitment to You
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Online PD
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Why participate in a Virtual PD, Webinar, or PLC ?
● Find engaging new resources and get tips for using them
● Discuss implementation challenges
● Connect with personal finance teachers to meet shared challenges
● Get an awesome PD certificate
Online PD
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Our Info
@NextGenPF Closed Group: FinLit Fanatics!
Survey
Survey:
bit.ly/805portland
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