Upromise.Com By Katholly on - Updated Oct 15, 2011
I love free money!! I can't think of a better thing at the moment. And free money to help send your children to college just rocks.
This is where Upromise.com comes in to play. They have been around for almost 10 years now and I cannot believe how many people do not utilize this savings tool.
Basically, you register credit cards, grocery cards, 529 plans, etc. with Upromise.com and start to earn free money which they will automatically deposit into the 529 plan of your choosing at regular intervals. You can also shop through their site, through links to participating vendors for more savings. Averages are about 3%-6% (some much higher) of your purchase price deposited into your child's 529 plan as cash!
I opened my account as soon as I had my first child (almost 8 years ago). During that time, we have gotten $2000 of free college money direct deposited into my children's 529 savings plans. $2000 over 8 years may not sound like much, but I did nothing out of the ordinary to receive these funds. There are ways that I could've made this number much higher and sometimes I kick myself over it.
You have to remember to shop through links on the Upromise site to obtain the percentages. You have to remember to use your grocery, drug store rewards cards as well. Credit is given for dining at certain establishments if you use one of your registered debit/credit cards. You can book travel through participating vendors and receive a percentage. I just booked a $1000+ trip and 2% will go into our account.
Please! Check in to Upromise.com when you can. For the 15 minutes you spend signing up, your children can get thousands of dollars for college! At the rate this economy is going - that will be very helpful to them.
About The Author:
Upromise College Savings Purchased at: Many Price: free!
Wow I had never heard of this. What a great idea and I think $2000 is a lot for doing nothing. Thanks for the great info.
This is great information I didn't know existed. I am going to look into this for my 4 year old grandson. Heaven only knows how expensive college will be for him in about 14 years!
This is very important information and I am so glad you shared it. The future is so uncertain, and we need to plan for it. College is expensive and who knows how costly it will be in the future. I will be checking into this one for sure.
Very good idea. Who doesn't like free money for the kid's education!
I signed up for Upromise years ago but have made very little... maybe under $5. All of my grocery cards are signed up with them, but I do not purchase enough of the products that are listed on their site... I feel that this is a great way for people to earn money that use the products and services that are listed on the Upromise site... and even though my total is small I believe I can roll it over to someone else if I never use it.
We signed up years ago and I just realized that I could earn money by shopping online. My savings are really starting to add up now.
It IS a great concept that if used religiously really builds money up fast. However it has a downside-everything usually does. If you are not using it regularly, even if you had been using it everyday, try getting your savings. I know it is near impossible. When we discoverd my husband had terminal cancer, quite naturally we became totally involved with his care. So after a year, I go back, find I cannot access the site or even get a number to call them.
Informative and well written. thanks for sharing.
This sounds very interesting. We don't have kids yet, but when and if we do, it's a good idea to start getting free $$ for college. Thanks for the tip!
I have not utilized this yet but have some friends who have & they have made some good money from this-I should check into this since I tend to do some online shopping!!