It costs a lot of money to support a family and everyone needs as much help as they can get. Today we have a bit of information about Education & Training Savings Plans as well as the Humanomics Youth Savings Account.
Families in British Columbia are encouraged to start planning and saving early for their children’s post-secondary education or training program. To help, the B.C. Government will contribute a grant of $1,200 to eligible children through the BCTES grant. You can find out more details about the grant here and you can watch a short informative video here.
The Humanomics Youth Savings Account offer is available for a limited time at participating Humanomics credit unions. These accounts are for 11 or 12 year olds. They must open the account in their own name, with a deposit of $25, or a recurring monthly deposit of $10 for three months. On the account's first year anniversary, there's a bonus of 20%*. By the third year, there's a bonus of 5%*. That’s up to $125 for free. You can find out more information on the Humanomics website (they also have a short informative video, too).
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