If you have kids then you have no doubt asked yourself at some point how you are going to save money for their college education. I know that this is something I am concerned about and my daughter is only 3! And while saving for college is an admirable goal, it is something that often gets put on the back burner in most households…especially in tough economic times.
Because saving for college has been my mind lately, I have been doing some research into 529 plans, and I also got to thinking about Upromise. Several of my blogging friends have been singing the praises of the Upromise program to me for quite some time…so I decided to stop procrastinating and sign up tonight in order to learn more.
According to their website:
With Upromise, families can automatically save money for college while making everyday purchases at grocery and drug stores, gas stations, restaurants, retail stores and online shopping sites. Upromise’s partners include Citi, ExxonMobil Corporation, McDonald’s, JCPenney.com, LandsEnd.com, Sears.com, and hundreds of others.
Because I am new to the program and am easily overwhelmed, tonight I decided to focus on how I can earn money by making everyday purchases at drug and grocery stores. After completing a very easy registration process, I registered 3 of my shoppers cards (Kroger, Giant Eagle & CVS). Now, when I purchase participating products, money will be deposited into my account for future use toward my daughter’s education. (TIP: If you have family members who would like to contribute to your child’s education fund, you can also register their shoppers cards and earn money on their purchases as well!)
Because I am already familiar with e-Coupons, I also decided to take advantage of the Upromise e-Coupon service. Basically I loaded select e-Coupons on to my account, and when I purchase these products at one of the stores I added to my account, the e-Coupon amount for those products will be added to my Upromise account balance.
One other thing that I want to mention is that you don’t have to have kids (yet or at all!) to take advantage of this program. You can start building up funds now for a future child, If you ever decide to go to school, you can use the money yourself. You can also transfer your money to a niece or nephew, a family friend, or a grandchild. Basically you can give the money in your account to anyone you see fit.
I am still very new to this program, so I am planning on writing more posts about it as I become more familiar with how it works. I am also going to do my best to point out Upromise e-Coupons in my store deals posts when applicable.
If this sounds like something that you are interested in, you can sign up here, and we can learn about it together. :-)
Do you already have a Upromise account? If so, what are your thoughts?