68 customizable lessons, aligned with National Standards, exams and more.
Read NGPF's school-by-school analysis of financial education in America today
Activities
Advocacy
Behavioral Economics
Best Of
Budgeting
Buying a Car
Career
Checking
Consumer Skills
Credit
Cryptocurrencies
Current Events
Curriculum Announcements
Economics
Entrepreneurship
Edpuzzle
ELL Resources
FinCap Friday
Gambling and Sports Betting
Insurance
Interactive
Investing
Math
Paying for College
Philanthropy
Podcasts
Press Releases
Professional Development
Question of the Day
Savings
So Expensive Series
Taxes
Teacher Talk
Answer: 30%
Questions:
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (CFPB study cited by Bankrate):
CFPB study: "A small group of consumers pay most of these fees. In a given year, only 30% of consumers overdraw their checking account. The 8% of consumers who overdraft more than 10 times per year pay 74% of overdraft fees. These consumers are charged $380 in overdraft fees on average annually"
Bankrate tips:
How to avoid this fee: Know your checking account balance before using your debit card or writing a check. That’s the best way to avoid this fee. But that can be easier said than done.
Using a credit card for purchases will also avoid overdrafts. It buys you some extra time, since you don’t have to pay for these purchases until your statement payment is due. But make sure you pay it then, otherwise high annual percentage rates (APRs) could be more expensive than overdrafts over time.
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Here's a NEW! Activity to extend this question of the day and help students avoid these fees, MOVE: To Understand Overdraft Fees
Infographic of the Week: How Municipal Bonds Helped Build the Nation
Seeking teacher input: What are the top trends in personal finance?
Use NGPF's Online Banking Simulation to Bring Real-World Skills Into the Classroom
Question of the Day: How many payment transactions does a consumer make in a typical month?
Reading List for January 14-16
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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