Welcome to Next Gen Personal Finance's October 2015 Newsletter 
Hello and welcome to the latest edition of the NGPF Newsletter (#11 for those of you keeping score at home). Check out the new format for our newsletter which will focus on one topic each month and showcase the varied NGPF content that provides engaging options for you to use in your classroom.
Our focus this month: checking account fees. For many students, their first financial product is or will be a checking account. These accounts are fraught with features that can trip students up, especially fees that can very quickly drain a low-balance checking account (a $10 maintenance fee really hurts when your average balance is $200). We want students to get off to a good start with their financial lives and have curated and created lots of great content to teach students how to avoid these fees.
Video Resource: Bank Fees Mean Big Bucks For Financial Institutions

This video from a CBS News broadcast (2:44 in duration) has shock value, in alerting students to the billions of dollars of fees that financial institutions garner each year based on costly mistakes that consumers make with their checking accounts. Students familiarize themselves with the largest fee source (overdrafts) and strategize on how ways they can minimize them.


Looking for a video to engage your students? Check out the
NGPF Searchable Video Library with almost 250 short videos to choose from.  
Questions of the Day: Checking Accounts

Questions of the Day from the NGPF Blog can be great class openers by asking your students to make educated guesses on pertinent questions. Here are a few:

Check out NGPF's Questions of the Day for other tantalizing questions that will engage your students.
Reading the Fine Print: The Checking Account Agreement
We always tell students "you better read the fine print," but all too often we neglect to teach them how to analyze these critical legal documents.

Embedded in our checking fee lesson,
students read an actual 2-page student checking account agreement. We follow that up with a series of questions, which you will see by clicking the right arrow at the top of the link's webpage.  


Train your students to interpret credit card agreements in this NGPF Activity.
Activity: Selecting A Checking Account

Ultimately, financial capability involves developing decision-making skills when selecting financial products. Today, students spend an inordinate amount of time online, so it only makes sense to teach them how to research and evaluate financial products online.

WebQuest activity requires students to conduct online research and to select a checking account option that works for them. 
Simulation: Manage An Online Bank Account

Teachers often tell us that while the concepts behind balancing a checking account are still useful, students need practice managing online accounts too.

We were lucky to stumble across an English website with an 
online bank simulation and we built an activity around it.  
Creating Savvy Consumers: Picking Apart the Marketing Messages

In order for students to be savvy consumers, they must understand how financial service companies use marketing to build their brands and persuade consumers to use their products. 

Here's a
mini-activity in which students analyze several bank commercials to discern how banks are marketing their services.
Sign Up for Our Free Webinar To Be Held On October 27th:

What's Trending in Personal Finance Now?


Keeping up with the ever changing personal finance landscape can sometimes feel like drinking from a fire hose...but it doesn't have to be!  Register for this FREE NGPF webinar to get insights on what's changing and how you can incorporate these new trends in the classroom. Space is limited so be sure to sign-up today.  
Community Activity
Next Gen Personal Finance actively supports the financial literacy community through workshops, sponsorships of conferences and teacher professional development workshops and we volunteer in classrooms. We are based in the San Francisco Bay Area but travel constantly so e-mail me at, if you are interested in discussing a speaking or sponsorship opportunity. 

Upcoming Events
  • October 22, 2015: Moolah Palooza: Financial Literacy Educator Fest (Edinburg, TX)
  • November 6, 2015: JumpStart National Educator Conference (National Harbor, MD)
Previous 2015 Events (last 4 months)
  • October 7, 2015: Council for Economic Education (St. Petersburg, FL)
  • August 10, 2015: Financial Beginnings Financial Literacy Conference (Portland, OR)
  • July 30, 2015: California Financial Literacy Summit (San Jose, California)
  • June - July, 2015: Summer Bridge Personal Finance at Eastside Prep. (East Palo Alto, California)
  • June 28, 2015:  FBLA National Leadership Conference (Chicago, IL)
  • June 28, 2015:  National Summit on Collegiate Financial Wellness (Bloomington, IN)
  • June 22, 2015:  Summit Public Schools Summer Challenge Course (San Francisco area)

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