YSS’ Post

This month's newsletter covers the reasons benefit costs are projected to increase for 2024, possible workplace disruptions caused by the loss of childcare funding and how HR can support employees with the resumption of student loan payments. You can find all of our previous newsletters here :https://lnkd.in/gMK3vx9k

Becoming a parent is life-changing, but the arrival of a new little one in your life comes with some pretty big financial changes too.    The biggest costs often come from education and university. You could of course choose to do nothing until much later on, but with some early planning, you could avoid burdening your child with thousands of dollars of debt in the form of student loans with RL360's Regular Savings Plan. Ask your financial adviser today. #RL360 #regularsavings #universityfees #tuitionfees #studentloans #financialservices

Did you know leftover funds in your MNSAVES account can be used for more than tuition? This article explores creative ways to put those remaining funds to use! ➡️ https://lnkd.in/dTB3XJp #LeftoverSavings #MNSAVES #529plan

👉🏼Discover a life-changing decision. Once, #studentloandebt kept medics from serving underserved areas. Not anymore. 👉🏼In California, the DHCS and PHC are changing the narrative with a huge $73.4 million commitment! This fund is designed to pay down student loans for 266 physicians and 36 dentists: 1. Easing the financial burden of student loans 2. Encouraging physicians to serve in underserved areas. 3. Boosting access to healthcare for marginalized communities 👉🏼Would this initiative encourage you to relocate and have your burdens eased for a career of service, if you're a healthcare professional in debt? 🗣Remember, a debt-free career might just be a decision away. 👉🏼For more information, visit CalHealthCares.org #themoreYOUknow💫 #healthpact on #LinkedIN

Financial literacy is crucial for young people as it sets the foundation for a lifetime of smart financial decisions. Here are some topics for different age groups within kids and college students. Young Kids (Ages 5-8) 1. Introduction to Money 2. Encourage Saving 3. Earning Money Older Kids (Ages 9-12) 1. Budgeting Basics 2. Setting Goals 3. Banking Introduction Teenagers (Ages 13-15) 1. Advanced Budgeting 2. Part-Time Jobs 3. Understanding Credit Older Teenagers (Ages 16-18) 1. Banking Skills 2. Credit Cards 3. Preparing for College College Students (Ages 18-22) 1. Budgeting in College 2. Managing Student Loans 3. Building Credit 4. Investing Basics 5. Emergency Fund Want to Learn More About Our Program? Comment “FMA” in the comments for more information! #ConleyCaresFoundation #CommunityImpact #ChangeMakers #ImpactTogether #JoinTheMovement #MakingADifference #InspireChange #GetInvolved #NonProfits #Education #CollegePrep #CollegeSuccess #ChildrenHealth #KidsWellness #Nutrition #NorthCarolina #CharlotteNC #YouthEmpowerment #MentalHealthAwareness #PhysicalWellness #LeadershipDevelopment #FinancialLiteracy #TimeManagement #CollegeReadiness #MentorshipMatters #NutritionForKids #HealthyKids #YouthDevelopment #EmpoweringYouth #FutureLeaders

No matter how old your minor children are, when back-to-school season rolls around, they will be one year closer to college (or some other form of post-high school education). Check out this Fox Money piece by Janet Berry-Johnson, CPA about ways to plan ahead for #highereducation expenses. ✅ I was happy to include my thoughts on the important role #529plans can play. 🎓🚀 #collegecosts #higherlearning #payforcollege #route529 #financialplanning https://lnkd.in/exY5S4yt

Invest in your dreams, save on your education loans. 📚✨ In the pursuit of higher education, the financial burden can often be overwhelming.  Under Section 80E of the Income Tax Act,1961, individuals can claim a deduction for the entire interest amount paid on loans taken for higher education. Who is Eligible?  Only an individual can claim deduction of the interest paid on education loan. It is not available to HUF or any other kind of taxpayer.  The loan should be taken for the higher education in India or outside India of self, spouse or children or for a student for whom the individual is a legal guardian. Where to Get Loan? The loan should have been taken from a bank/ financial institution or an approved charitable institution. What Expenses are covered?  It is applicable only on the interest component on the education loan, not on the principal amount. This deduction is available for a maximum of eight assessment years, starting from the year in which the repayment period begins or until the interest on the loan is fully repaid, whichever is earlier. In conclusion, Section 80E is a beacon of hope for those aspiring for a brighter future through education. So, seize the opportunity, invest in education, and let Section 80E be your ally on the path to knowledge and success. 🎓✨ . . #JJTAX #taxtip #FinancialWisdom #NavratriBlessings #incometaxfiling #taxes2023 #TheYearofJJTax #jjtaxapp #jjtax #taxapp #updates #taxes #download #finance #taxpayer #taxtips #taxfiling #incometaxreturn #feelfree #taxseason2023 #ITRSeason #taxation #taxationtips #TaxHelp #stressfreefiling

The educational landscape is evolving, and so should our approach to financing it. Tuition loans represent an adaptable solution to the changing dynamics of education costs and interest rates, offering a lifeline to those aspiring for academic excellence. 🔄 This is where Edpay, a tuition finance offering from the stable of Edubanc comes into the rescue, offering quick access to finance to ensure school children stay in school to avert learning gaps while guaranteeing revenue assurance for schools to stay afloat enough to improve learning outcomes. Let's continue the conversation on the importance of tuition loans in the face of rising challenges. Together, we can foster a future where education remains a beacon of hope, regardless of financial constraints. 🌐🎓 #EducationForAll #TuitionLoans #FinancialEmpowerment #FutureOfEducation

* 3 BENEFITS OF STARTING EDUCATION PLANNING EARLY 1. AVOIDING THE EFFECTS OF DELAYED SAVINGS Saving money for education from an early stage is crucial, as it allows you to take advantage of the power of compounding and provides a solid financial foundation for your children’s educational needs. However, delaying the start of saving can have significant effects on the overall financial picture. 2. MINIMISING STUDENT LOAN DEBTS With rising education costs, student loan debt can burden your child well into adulthood. By saving and investing early, you can reduce the need for hefty loans, giving your child a head start in their career without being weighed down by debt. 3. FLEXIBILITY & CONTROL Education planning gives you control over how and where your child receives their education. Whether it’s private school, college, or vocational training, having funds set aside gives you the flexibility to choose the best path for your child’s future without financial constraints. 👇👇👇👇 Comment “ head start” for a complimentary “The gift of Education” E-Book ❤️❤️❤️ #childeducation #education #childdevelopment #children #childhood #parenting #investment #ngo #financialplanning #financialfreedom #wealthbuilding #sip #financialgoals #school #mutualfunds #finance #mutualfundssahihai #invest #wealthmanagement #childfuture #savingmoney #investing #childreneducation #elss #savingtax #savetax #childcare #hybridfund #equityfund #preschool

Did you know leftover funds in you MNSAVES account can be used for more than tuition? 🎓 ✨ This article explores creative ways to celebrate your grad AND put those remaining MNSAVES funds to good use! Read more: 🔗 https://lnkd.in/dTB3XJp #LeftoverSavings #MNSAVES #529plan #529savings