Saturday, September 19, 2009

Upromise - College Savings

Every little bit helps! Upromise is a great way to save money for your child's college. You can save several different ways, including shopping online, grocery shopping (and linking your store loyalty cards to your upromise account & using ecoupons), and dining at certain restaurants. You can also invite your family and friends to link their store loyalty cards to your child's Upromise account for even more savings. Steps to savings:

1. Go to the Upromise site here, and sign up for an account. You can add as many children as you like to the account, and even separate your savings to be divided between them equally.

2. If you do any online shopping, download the "TurboSaver" toolbar. The toolbar automatically tells you if there is an opportunity for savings on every website you visit. This is very helpful because you don't have to remember to go through another site for your savings, and the savings are automatically added to your Upromise account. It couldn't be simpler.

3. Gather all of your shopper loyalty cards (Kroger, Ingles, CVS, etc) and link the cards to your Upromise account. Each time you shop & purchase qualifying items (usually Unilever products), a portion is automatically credited to your Upromise account. Linking the cards to your Upromise account does not interfere with any other links that may be present on your cards (such as Ingles Tools for School program or Shortcuts.com coupon programs).

4. Sign up for the Preferred Diner program at Upromise, and register your credit and debit cards with Upromise. Dine at qualifying restaurants for up to 8% savings each time you dine out. Gift certificates for some qualifying restaurants are available at Restaurant.com, and you get 8% savings from buying the certificates too!

5. Apply for the Upromise credit card for even more savings, including a $25 deposit to your Upromise account with your first qualifying purchase. More details here.


There are several choices on how you can use your savings. You can ...

1. Transfer your savings to a qualified 529 Plan. Learn the basics of 529 Plans here.

2. Pay on a current Sallie Mae loan.







3. Download a PDF form & mail it in to request a check for your savings amount. Checks can be requested once per quarter.

I've been a member since 2006 and have accumulated a little $ in my account. Don't expect to pay for your child's entire college tuition with your savings, but every little bit helps. The earlier you start, the more you can earn.

Blessings,

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