06 October Dollar-A-Day Challenge Starts October 1st! By: YIS | Category: All, Blog, Event, News, Uncategorized, Update

Young Investors Society is proud to announce the
Dollar-A-Day Challenge
(Apply October 1, 2018-November 30, 2018)

What is the Dollar-A-Day Challenge?
The Dollar-A-Day Challenge is a program that helps students develop a lifetime habit of saving and investing for the future as well as understand the power of compound interest.

How Does it work?
1) Students need to select a brokerage firm (i.e., a company that offers investment accounts).
YIS is proud to partner with Stockpile® and Fidelity Investments® to provide custodial accounts to YIS club members. You are also free to open a custodial account with any of the many other firms that offer such accounts.

2) Open a custodial account with a trusted adult.
A custodial account is an account established with a brokerage firm for a minor (student under 18) by a trusted adult —parent, grandparent, aunt, uncle, a family friend, etc. The account becomes completely yours between the age of 18 and 21 years old, depending on the state you live in.

3) Link your custodial account to your regular savings account and start saving/investing at least one dollar a day. You can set this up to occur monthly, weekly or whatever you are most comfortable with.

4) Apply for the FREE Money Match Scholarship by submitting a brief essay. Download the application and essay topic/instructions here:

https://yis.org/learn/programs/the-dollar-a-day-challenge/match/

Deadline for submission is November 30, 2018.

YIS donors want to help you build wealth for retirement by providing Dollar-A-Day Free Money Match Scholarships.
YIS Students can compete for a FREE Money Match Scholarship by submitting a brief essay on a financial literacy topic.
Download the application for Essay topic and Instructions here: https://yis.org/learn/programs/the-dollar-a-day-challenge/match/
A limited number of YIS students will receive the FREE Money Match Scholarship that matches their contributions dollar for dollar on a quarterly basis up to the number of days in the quarter.
Apply for the FREE Money Match and you could win a scholarship of up to $365.00 for the year!