Financial Education Innovation of 2013 – SavingsFund.com

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The National Financial Educators Councils’ SavingsFund is another financial education innovation the NFEC has launched in 2013.

The National Financial Educators Councils’ SavingsFund is the first financial education innovation the NFEC has launched in 2013. The pre-launch of SavingsFund marks the first in a series of product line expansions the NFEC will announce this year.

Combining a savings platform with financial education tools, families are able to help their children to save money as they gain needed monetary skill sets. SavingsFund is a crowdfunding platform that allows friends and family members to give toward a child’s long-term savings or college fund. Leveraging the latest technology, the NFEC developed this product to make it easy for people to provide financial gifts for children and teens.

This innovation provides timely financial education lessons as their savings fund grows. When families register they will receive the NFEC’s Family Money Talk guide which helps parents talk to their children about money. For instance, once gift recipients build up their first $100 dollars they receive lessons on account management. Lessons continue to be delivered as the total amount of money saved grows.

SavingsFund is 100% independent and not affiliated with credit unions, banks or other financial institutions. The NFEC plans on partnering with financial institutions on a community basis to expand the message to those across the country.

Another stated goal of SavingsFund is to raise awareness about saving early and financial education on a global scale. To ensure exposure, the NFEC enlisted the help of Jayne Black, Mrs. Wisconsin International 2013 and mother of 6 children. Her role as National Spokesperson is to relay the SavingsFund message to empower families internationally.

The NFEC is a social enterprise financial education organization that developed SavingsFund to improve the financial capability and savings rate of people around the world. The NFEC develops cutting edge educational material and partners with celebrities and positive influential role models to raise awareness for the financial literacy movement.

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Cecile Abad
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