New York, NY (PRWEB) November 27, 2013
SavingsFund is a gift giving platform that helps families provide financial gifts that can help their children start to save for college education, retirement and long-term savings. Friends and loved ones can give monetary gifts securely online for birthdays and holidays.
The results of a study conducted by the American Research Group shows that in 2012, the average American will be spending $854 in gifts for friends and loved ones. Many of these gifts end up in landfills and only provide the child short-term enjoyment.
SavingsFund was designed to help families and friends give gifts that have longer-term benefits. Besides giving money, SavingsFund provides a financial education. The objective is to help today’s youth pick up financial skills as they increase their net worth.
“SavingsFund was designed to give loved ones a way to give a meaningful gift to a child. As the child grows and starts their adult life, friends and family can feel like they gave a gift that truly helped the child instead of a toy that was thrown in the garbage,” states NFEC CEO Vince Shorb.
Families can register their gift receiving site for their child in three steps. Set up a secure profile page for their child. Share this with who they choose. And lastly, receive the financial gifts for their child’s college education or financial security. All the registrants receive a complimentary financial education program – so as they grow their SavingsFund, they also improve their financial capabilities.
The National Financial Educators Council is a social enterprise organization dedicated to improving the savings rates and financial capabilities of families across the country. SavingsFund provides complimentary financial literacy education resources so families can avoid common money issues and achieve a state of financial wellness.