Heritage Education Funds has created something really cool and convenient when it comes to gifting this year! This is the gift that won’t be tossed to the side or forgotten about. A first in Canada you can contribute electronically and give the gift of education through “eGifting”. As an exclusive to Heritage subscribers, collecting monetary gifts through crowdfunding has been launched for your child’s RESP and it just got better and easier. I think this is superb as with most gifts from family that are sent our way, there’s always a little money. While my son is excellent at saving money, I let him buy one thing and the rest gets tucked away into his RESP account. We have family in Canada, the USA and in Europe so I see this as something convenient, easy and smart. Friends and family are so busy so this is a great alternative to sending a cheque in the mail. I love the idea of crowdfunding for education and I can create a profile, create the cause and send the link to friends and family.Give the gift of education this year with @HeritageFunds. A first in Canada you can #eGift RESP's! Read more on.##HeritageeGifting Click To Tweet
So, how do you eGift for a loved one?
Heritage eGifting Program has an online fundraising campaign that you can link to family and friends who would want to contribute funds towards your child’s education savings plan. It can be for other things as well such as health & medical, non-profit, animal rescues and personal causes. The Heritage eGifting program is powered by FundRazr. I would never have thought of this for RESPs, but it’s quite brilliant. We have enough toys and this is another idea for the perfect non-toy gift solution.
“Heritage Education Funds president and CEO Jason Maguire, “We’re the first organization in Canada that is bringing this level of service to the financial services industry and everyone who uses it will see the great value in investing into those solutions and in making a difference in a child’s life.”
How much do you think you need to save for your children(s) education? Heritage Education Funds has a great area on their site where you can prepare using their RESP calculator. The RESP calculator will also suggest how much you need to set aside each month or year to reach your goal, and how much you will be saving by contributing to an RESP instead of borrowing. If I put $220 a month aside I will save $46, 835. Did I mention I also have twins to save for as well?
I just learned that setting up with Heritage Education Funds will save us money compared to getting a student loan. Pop over to Heritage Education Funds to learn more. Seeing the cost is a bit jarring and I think I’ll be setting my account very shortly.
I’d love to hear from you. Have you thought about the cost of your child’s education? Would you create a crowdfunding profile?
Although this is a sponsored post all opinions are my own and is not influenced in any way. Crowdfunding for your child’s education is a brilliant idea.
Can anyone really afford to overlook tire maintenance or replacement when the safety of the…07 December, 2015