How Much Does Your Thanksgiving Meal Cost?
The cost of a traditional Thanksgiving dinner is up by 13.5%. Find out more about how Thanksgiving is changing this year.
Credit Card Debt on The Rise
Credit card debt increased by 18% in the third quarter of 2022. A new report by the Federal Reserve Bank of New York, finds that household consumption has caused credit card debt to increase at a faster rate than experienced in the past 18 years.
The Econ Games 2023 NKU Teams
The Econ Games 2023 NKU teams are in place. Meet the team members and the team leads. I am excited to work with this group of students.
Recently Published Economic Papers 🔥
Two papers that I recently read and found interesting. Thought you might like them too.
A discussion with Aaron Smith
A conversation with Northern Kentucky and Cincinnati area realtor Aaron Smith. We discuss the changing housing market, the need to work with a realtor, and some consumer behavior around homeownership
IS IT A GOOD TIME TO BUY A CAR?
Recent changes in the auto market and what that means to you.
Yellin’ at Yellen
New working paper shows evidence of gender bias in politics. Women are treated less favorably.
What are your core values?
Tips on how to define your core values. Core values help you stay anchored during difficult times.
How to identify “what am I good at?”
How to find your passion and leverage it for a career in economics.
Monthly Mortgage Payments
Change in housing payment over time. Your solution to the Data Story Challenge!
Data Story: How Much Do We Pay In Rent?
How much do we spend on rent and how has that changed overtime?
Economics in 5 Minutes
A podcast for every economic educator! Do you use podcast to teach? You don’t want to miss this one
Why Economics? The One Reason You Should and Should NOT Major in Economics
A question I often get about economics is - what do you even do with it? People often assume economics is about studying money.
The reality is that Economics is broad and includes diverse areas of study. You can talk about the inner workings of a country or individual human behavior.
Year in Review: YouTube Edition
Last week, I shared with you my 3x3 framework for planning my 2022 goals. A comment left on that post by my friend John got my wheels turning. He shared this article as a comment to the post. In short, the article suggests that before you go on planning for 2022, end this year intentionally. To help get you thinking, the article provides you with 10 questions to ask yourself. As a fan of reflection, I found the article insightful.
Teaching Financial Literacy
Most educators recognize the importance of teaching financial literacy. However, with so much information out there and lack of resources devoted to professional development,, it is hard to figure out what to teach and how to teach it. We created the NKU summer teaching financial literacy program to help educators teach financial literacy at their school. Join us this summer and connect with a network of passionate educators.
Creating Your First Budget
In this financial literacy series, I have kinda done this backwards. Start with thinking long term, but your long term goals start with meeting short term goals. The short term goal that we all can start today is developing a budget. To me a budget is a plan. It allows me to allocate every dollar I make to where it needs to go. It gives my money a purpose and therefore it makes the cost of spending it in a different way clear to me. In economics we call that the opportunity cost of spending.
FAFSA
College education is getting expensive but based on my experience serving on scholarship committees, there are scholarships that students can receive but do not qualify for because they never filled out the Fafsa. At many universities and colleges, receiving any aid usually requires that you complete the FAFSA first. So even if you think you do not qualify for federal or state aid, make sure to apply so that you can qualify for scholarships at your school.