Congratulations to Tim Towner of Gastonia, North Carolina! The contest, “Celebrate 5/29 and Win $5,529 for College!”, selected Tim Towner’s name at random from a large list of entries. Towner will receive his prize as a contribution to his children’s NC 529 Accounts. The contest was sponsored during the month of May by College Foundation, Inc. (CFI), a North Carolina nonprofit. College Savings Day was also celebrated by other states to encourage families to set aside money for higher education.
The graduates cross the stage and the diplomas are awarded. Adoring parents look on proudly as excellence in academics and the arts are announced. The graduates are bursting with excitement, but still a little fearful about what comes next. The parents are full of confidence. They know that great futures are ahead for their children.
But first, there’s a juice box and a snack.
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.
It is key to save money for the future, even though it may seem far off. Kids begin learning their financial habits early, so it is important to ensure they learn the right lessons.
There are several ways to teach your child how important it is to save money for big financial goals,
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.