New York, NY (PRWEB) June 24, 2013
The National Financial Educators Council has pre-launched its latest innovation - SavingsFund. The SavingsFund.com online platform provides families a way to save money for their children’s future while providing financial literacy lessons.
SavingsFund gives families a way to save for their children’s college or long-term financial security. Parents set up a secure profile for their child and family, friends and loved ones can give financial gifts to the child.
Until SavingsFund the National Financial Educators Council has been focused on providing people of all ages a financial education. Their development of SavingsFund.com now helps families start to save money for their children while they are young.
“The advice leading personal finance experts and professional financial advisors often share with families is to start saving money early and consistently. SavingsFund was designed to help families to start to save for their kids while they can take maximum advantage of compounding interest,” states Vince Shorb, CEO of the NFEC.
SavingsFund also provides parents a way to teach their children about money. As the child receives money for birthday, holiday and accomplishments, SavingsFund provides financial education lessons. Parents and children alike gain financial knowledge as their financial net worth grows.
The NFEC commitment is to improve the financial capability of people around the world.
SavingsFund was developed as part of the NFEC’s social enterprise business model – providing the service and the financial education material is complimentary for families receiving gifts. The NFEC is a leading financial education resource provider that supplies organizations with the financial literacy resources, training and material.