Questions:

• Create a similar list with students in your classroom in answer to this question "What is the best financial advice that you have received from family members?" 
• What does the phrase "Don't live beyond your means" mean to you? Can you give some examples of people "living beyond their means?"
• Why do you think that building an emergency fund has been such useful advice to millennials. 
• The advice listed above seems pretty "common sense." Why do you think that many people struggle with following it? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (NY Life):

Millennials have the basics down when it comes to managing their money, but there’s still room for growth. Millennials surveyed seem to have internalized the idea that being financially responsible is the key to stability and security. 

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Advice is good, but habits are better!!! Check out this NGPF activity, ANALYZE: Change a Bad Financial Habit. 

About the Author

Tim Ranzetta

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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