Parents Turn to Kids’ Education Funds to Pay Bills

In Child Education | on August, 01, 2011 | by | 0 Comments

Parents Turn to Kids’ Education Funds to Pay Bills
News from Money High Street:

1 August 2011 By Peter Thompson

Increasing financial pressures are causing more parents to resort to money originally set aside for their children’s education.

The rising cost of living and the growing financial burden on many households is driving parents to more desperate measures – with a new study showing that a growing number are raiding their children’s education funds to make ends meet.

In a poll of 2,016 adults, asset management firm Schroders found that 6% had withdrawn money originally put away for education. If extrapolated across the UK, the findings show that around 2.7 million people are likely to have done this.

Typically, the amount withdrawn from these funds has been just over a third of their value, with only one in five sets of parents in a financial position to replace the money they’ve taken out.

As for the reasons for doing this, 56% of those…………… continues on Money High Street
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Promoting a love of reading
News from Buffalo News:

If it truly takes a village to raise a child, then Read to Succeed Buffalo is more than doing its part.

This summer, Read to Succeed community outreach coordinator Deborah Porter has initiated the Family Literacy Program, which encourages children to actively engage in reading while incorporating their parents into the process by providing workshops that assist them in building a culture of literacy at home.

“I am very much into children’s education,” said Porter. “I am also very fortunate to work for an organization that has allowed me to present this as a model for the community.”

The summerlong program, which operates out of the Martha Mitchell Community Center on Oakmont Avenue, serves more than a dozen children ages 3 to8 and their parents.

Every week, a group of dedicated volunteers made up mostly of current or retired teachers works closely with the children, reading stories and following up with creative activities related to lessons learned from …………… continues on Buffalo News
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Share and Enjoy:
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