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529 Savings Plan Article

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Daylight Savings



Introduction

The concept of day lights savings basically involves the practice of advancing the clock time to enable the afternoons to have more of day light than the mornings.

Done with an aim to conserve maximum amount of energy, this concept is said to have its foundation during World War I, with the objective to utilize the late hours to the maximum for the purpose of war production.

The Procedure

As per the system of daylight savings time, the clocks are set one hour ahead of the standard time at 2 a.m. on the second Sunday of March every year. This trend goes on till November, when the clocks are again set back by one hour at 2 a.m. on first Sunday of the month.

Experts suggest this procedure actually causes general sleeping time to get proponed by an hour which means that an equal amount of energy for lighting and other purposes at home is saved. Also known as the summer time in British English, the concept of daylight savings is often referred to as ‘spring forward’ or ‘fall back’ in informal terms.

In this period of six-and-a-half months of daylight savings, the names of each of the time zones in the US are also changed. Hence, the Central Standard Time or the CST becomes Central Daylight Time; the Eastern Standard Time would be changed to Eastern Daylight Time and so on.

The patterns followed for adherence to the system of daylight savings might differ across various regions. For instance, in the Southern hemisphere, where the month of December witnesses the summer time, the daylight savings time is observed from October to March. New regulations and declarations are issued from time to time by the governments of various regions that define the implementation of the concept of the daylight savings in those particular regions and also explain the difference in the time patterns based in the concept.

One can easily find a number of mentions of the famous mechanism of daylight savings throughout history. The entire cycle of business and human activity gets affected once this system is brought into force. Every possible activity gets rescheduled and hence the supposed benefits come into play.

However, there are varied opinions about the supposed benefits of the daylight savings concept. Some experts insist that this concept actually leads to loss of time and efficiency, while others believe that in reality, this concept leads to a greater time for outdoor activity in the afternoons. While the opinions might differ, yet the concept of daylight savings continues to be fully in force in all the major regions of the world.

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Other 529 Savings Plan related Articles

Savings Bond
Daylight Savings
Thrift Savings Plan
Savings Calculator
Day Light Savings Time

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529 Savings Plan News

ScholarShare Announces College Savings Account Giveaway - MarketWatch (press release)


ScholarShare Announces College Savings Account Giveaway
MarketWatch (press release)
SACRAMENTO, CA, May 24, 2012 (MARKETWIRE via COMTEX) -- ScholarShare, California's 529 college savings program, announces that they will host their first ever sweepstakes on Twitter, giving all qualified entries the chance to win a $1529 ScholarShare ...
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Most Americans Still Need to Be Educated About 529 Plans: Survey - On Wall Street


Most Americans Still Need to Be Educated About 529 Plans: Survey
On Wall Street
The financial services firm surveyed more than 1000 Americans and found that 62% had “no idea” what a 529 college savings plan means. And they even had multiple answers to choose from including “a form of life insurance” or “a college savings plan.
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May 29 is '529 Day,' yet Edward Jones survey reveals that Nearly Two-Thirds of ...MarketWatch (press release)

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The 529 plan can help with college funding and estate-planning considerations - Gettysburg Times


The 529 plan can help with college funding and estate-planning considerations
Gettysburg Times
You can help your children - or even your grandchildren - meet these expenses by investing in a 529 plan. And this college savings vehicle offers estate-planning benefits. As a college funding vehicle, a 529 plan offers some significant benefits.

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Two OppenheimerFunds 529 Plans Ranked Among Top 10 in Country by ... - MarketWatch (press release)


Two OppenheimerFunds 529 Plans Ranked Among Top 10 in Country by ...
MarketWatch (press release)
NEW YORK, May 23, 2012 /PRNewswire via COMTEX/ -- OppenheimerFunds, Inc., a leading investment management company, today announced that two of its 529 plans were ranked among the top 10 in the country by independent college savings authority ...
Nebraska families encourage to save now for college later (AUDIO)Nebraska Radio Network
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Investment plans ideal for giving gift to graduate - Hometownlife.com


Investment plans ideal for giving gift to graduate
Hometownlife.com
For the great majority of people, the 529 Plan I recommend is the Michigan Education Savings Plan (MESP - www.misaves.com). The MESP has many advantages and is very user friendly. First, it doesn't take a lot of money to establish the plan.

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