College Resources & News from CFNC
Friday, April 28, is Teach Your Child to Save Day, and WECT News elected to share tips on kids saving from the NC 529 National College Savings Program.
North Carolina’s National College Savings Program, known as the NC 529 Plan, originally launched with a single investment option and transitioned $9.5 million in assets and 2,185 accounts to a multiple option format in 2001. The current NC 529 Plan, with 13 different investment options, now has a fund balance of just over $2 billion and 135,524 active accounts, 91% of which are owned by North Carolina residents.
April 28 is National Teach Your Child to Save Day and the NC 529® Plan is encouraging parents to turn their tax refunds into a teaching tool.
April is Financial Literacy Month. The goal of Financial Literacy Month is to help Americans become savvier when it comes to their money. From creating a budget to learning about investing, this is an ideal time to pause and evaluate your family’s level of financial knowledge.
One of the most common questions parents have about an NC 529® Plan is when should I set up an NC 529 Account? It’s a simple question with a straightforward answer — now! That’s because it’s never too early to start saving for your child’s higher education.
When it comes to saving your money, it’s important that you understand how a college savings vehicle works. We know that investing in a savings account for college can be a little confusing, especially if you are not familiar with financial jargon about your investment.
New Year’s Resolutions are all about improving your life and making plans for a better future. Of course, we all want to be grateful, healthy, and good to those around us. The beginning of a New Year is also a great time to consider financial and future goals.
As parents, we always want the best for our children. But in the busy eighteen years from birth through high school graduation, sometimes preparation for a child’s future higher education gets put on the back burner.
From baby’s first gurgle or giggle, parents begin to dream of their child’s future and try to figure out how to handle the associated costs of parenthood. Some parents immediately dive into saving for their child’s education.
During the holidays and on special occasions, it’s fun to spoil the children in our lives. Twenty-five dollars can buy a variety of gifts – balls, gift cards and games. As WFMY notes, it can also give the gift of education.