Husbands and Dads

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Upromise is an outstanding program that helps you save money for your kids’ education. Essentially, it is a company that partners with businesses that have frequent shopper programs, or those that sell goods and services online. The company allows these businesses to market themselves to members by promoting a certain amount of each purchase to be invested in a qualifying 529 College Savings Plan.

In addition to retail partnerships, Upromise has arrangements with credit card companies and other service providers, such as hotels, online travel companies, rental cars, cruise lines and more. There are many ways for you to earn and save money.

Real life example: My family and I were able to earn around $600 last year through Upromise to help with contributions to my children’s 529 College Savings Plans.

The hardest part about earning money through Upromise is remembering to use your bonus cards, or to visit their site when making certain online purchases. As you can see from the example above though, your diligence can pay off.

You must have a qualifying 529 College Savings Plan linked to your account.

Joining Upromise is free, but setting up a 529 will cost you, at least, an initial deposit amount usually in the $250 – $500 range. With the future costs of a college education though, I hope that you are planning on putting aside at least that much on a quarterly basis for each of your children, if not more.  The good thing about a 529 for parents with more than one child is that the money is usually transferable from one to the next in line.

Upromise also offers a very good resource center to help you identify the best ways to save for college expenses, and there is a Community section with lots of tips and tales from fellow members.

If you don’t want to save for college, the Upromise Schools Program allows you to raise money for your local K-12 school.

Saving for college is a daunting task for most parents, so take advantage of the FREE MONEY available to you through Upromise.

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Tags | 529 account, college savings, education, Money, parents, Upromise

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