Sehvit for Kids

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How can Sehvit Benefit Children?

When you have time on your side, you are in the greatest position to save money for the future. With several years ahead to contribute, children can actually benefit the most from the Sehvit program.

Sehvit provides you with a great opportunity to start saving for your children’s educations—by directing your deposits from Sehvit into an RESP (Registered Education Savings Plan). It is never too early, or too late to give them this important gift.

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How Could This Work for My Children?

We all want our children to get a great education. For most, though, this comes with ever increasing student debt. While some debt may be inevitable, it can be significantly decreased just by making a few changes now. Many parents want to give their children an education, but think they simply can’t afford it. While parents may not be able to pay for an entire post-secondary education, even small contributions now can make a big difference later.

For example: a parent contributing an average of $400/year to an RESP over an 18 year period would save $7 200.00—not including compound interest, other contributions, or government tax incentives. If managed well, the RESP could double or triple over this time, giving you $14 400 to $21 600.00 (also depending on interest rates) at the end of the term.

Imagine sending your child off to college or university with a $15 000 – $20 000 head start!

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Want to save even more? Contribute what you can when you can, every bit helps. Also, encourage grandparents, aunts and uncles, and friends of the family to donate their Sehvit earnings to your child’s RESP.

Financial responsibility

Sehvit for kids will also be a great tool for teaching your children financial responsibility. Share the information with your children; let them watch their savings grow. This is the perfect opportunity to teach them how to save while they witness real results. Give them a great foundation not only for themselves, but for their own children.

Sehvit wants to change the way you save for your children. Provide your kids with the tools to go out into the world prepared—not only with savings—but with knowledge.

Join Sehvit now, we will notify you as soon as it becomes available in your area.

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