As an additional support for children and to increase the birth rate, the state has developed a program that gives mothers who have given birth to two or more children the right to receive special capital. Despite repeated explanations from the government and social services, not every family understands how to wisely use the funds received.
Use maternity capital to purchase a home. It is not necessary to buy a new house with this money, you can remodel the old one or engage in individual construction. In addition, if you decide to create your own home, you do not have to involve third-party organizations involved in the construction and renovation of buildings. You can also use maternity capital to make an initial contribution to equity and cooperative construction. Contribute the maternity capital to pay off the mortgage debt for housing. You can pay with the certificate the interest on the loan, the principal amount of the loan, or use it as a down payment. By the way, this is the only way to use maternal capital until the child reaches the age of 3 years. Save maternity capital, and in the future, pay for their children's education. The big advantage of this method is that the amount of capital is recalculated annually for inflation and increased. This will provide the child with a decent education. The government regularly amends the bill on maternity capital and now it can be spent on paying for the services of preschool institutions. This applies not only to kindergartens, but also to developmental circles, sections and studios. You must write an application to the Pension Fund, provide an agreement on the maintenance of a child in an educational institution, and within 2 months the necessary funds will be transferred to the company's account. Direct the maternity capital to form the funded part of your future pension. To do this, it is enough to write an application to the Pension Fund or any non-governmental organization to which you have entrusted the management of your pension contributions. By the way, you can abandon your decision, but this must happen before the date when the first payment is assigned to you. As practice has shown, some banks refuse to accept maternity capital as a down payment on a mortgage. In this case, contact the Pension Fund with a complaint, since such a refusal is not in accordance with the law. You can spend the maternity capital for several purposes, for example, first for the education of children, and later use the remainder to increase your future pension.
