Think about your activities today before answering...

Answer: 43%

Questions: 

• Reflect on your day so far. What are some examples of habits that have become part of your daily routine?
• What are some money habits you have? What might you classify as good habits?
• Do you find it easy or difficult to change money habits? Provide an example in your answer.
  

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Inc.):

Referencing a study by psychologist Wendy Wood, The New Yorker's Jerome Groopman reports that "our actions are habitual 43 percent of the time." That means nearly half your day is so deeply ingrained that, before you can even make a wiser choice, you have to fight to remember you're making a choice at all. No wonder willpower is rarely, if ever, sufficient. 

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For more on behavioral economics, be sure to check out the Behavioral Economics unit.

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Want to dive more into habits, how they form and how to change them? The #1 NGPF On-Demand is, yes, you guessed it, The Power of Habit. Give it a try and earn 1 NGPF Academy credit! 

About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.