Savings Social Networking Programs
Written by Fiona Gu   

The Savings Social Networking Programs Savings Option is ideal for families seeking monetary sponsorships without feeling awkward!

These programs promote families, friends and businesses to donate to children’s college education. Some programs require the establishment of an account for the child. Upon the establishment of the account, some programs will then connect the account to any specified savings medium. Friends and relatives can then donate to the child’s account quickly and conveniently upon invitation. Different programs operate differently, however the main concepts are the same. It is strongly suggested that families visit the programs websites for more information about each savings social network.

Recently, some institutions have a significant influence in higher education fund trends. Organizations such as “I Have a Dream” Foundation (IHAD) permit businesses to take on a class of low income students and promise to sponsor their college education.
 
Advantages:
  • Less awkward to ask for financial support.
  • Donor will receive academic progress of the sponsored child. 
  • The donor can stimulate the sponsored child to obtain good grades and do well in school.
  • Helps donors to remember special days by automatically asking for donations before important events such as birthdays and graduations. 
  • Could have a rebate element similar to the one in Credit Card Rebate and Loyalty Programs.
  • Children’s portfolios can only be seen by friends, relatives and businesses that are approved by the parents. The key is to protect the children from the web

Savings Social Networking Programs include:
WARNING: 
  • These sites are not 100% confirmed to be effective tools for setting up college savings funds.
  • Personal contact remains to be the key to successfully raising money even though the programs allow avoidance of awkwardness.
  • The programs are at a disadvantage because emails tend to be impersonal.
  • Not 100% verified that these programs are worth the costs.
 


 
Last Updated on Tuesday, 21 December 2010 04:39