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Disclosure: This is a sponsored post for Upromise. All opinions are 100% my own.
How to Start Saving for College with Upromise
Are you a parent? Do you have grandchildren? If you answered yes to either of those questions, you know how scary the financial responsibilities of being a parent can be. However, don’t fret: tools like Upromise are here to help.
I remember when I got married and when we decided to start a family. Your heart and head are filled with so much love, hope, and the excitement of bringing a child into the world. Your child. Your blessing. There is nothing like the miracle of life!
But, with the miracle, comes lots of scary stuff too.
We worry about safety, trying to keep our children healthy, keeping them happy, making sure they have food on the table 3 times a day and have countless snacks, do they have friends, are their friends nice, are they doing their homework, should they be in sports, and we worry about COLLEGE.
I had school loans when I graduated college. My husband had school loans from both college and when he got his MBA. Education is not cheap, but it is something we want to make sure we help give to our children.
I would say that our financial “elephant in the room” definitely revolves around schooling for the kids and my husband’s MBA. What are your family’s financial “elephants in the room”?
It’s ok to talk about, everyone has them right?
It’s a fact that one of the most common financial “elephants” is that families struggle to save for college. In fact, according to a recent survey by Sallie Mae, only half of all families with children under 18 have saved any money for college. There’s that Financial elephant in the room again…
I wanted to let you guys know that Upromise is here to help! Even when budgets are tight, taking advantage of programs like Upromise can really help to jumpstart the savings process—without drastically changing spending habits. Upromise is a resource for all things saving!
You may ask: How can you start saving for your child’s college education now? How do you start saving for their college education without paying extra expenses for it now?
The answer? Upromise.
What is Upromise?
- Upromise is the easiest way to start saving for college NOW. It is a simple, yet very powerful idea
- Upromise was launched based on the philosophy that everyone should be able to afford a college education. As a parent, I am very thankful for that philosophy! I saw a statistic not too long ago that they are predicting by the time my kids go to college it will cost up to $37,000 PER YEAR. PER YEAR. YIKES! With those numbers, I will take any and all the help I can get
- Today, with millions of members, Upromise is helping Americans save for their children’s future
How does Upromise work?
- It harnesses the purchasing power of parents, extended family, family, and students to make it easier to pay for college
- Members direct their spending to Upromise partners—including more than 850+ online stores, 10,000+ restaurants, grocery and drugstore locations v—and earn money for college
Who can participate in helping us save or our child’s education?
- Everyone can earn money for college—parents with young children; family and friends who want to contribute; students and graduates with eligible student loans to pay
How much can you earn?
- You can earn up to 5% cash back for college on eligible online purchases at over 850 online retailers when you shop through Upromise.com
- Get up to 8% cash back at thousands of participating restaurants — on food, drinks, tax and tip
- Activate Grocery eCoupons each month to earn on participating grocery and drugstore items
- You can earn 3x more cash back for college when you invite family and friends to join. They can decide how much to transfer into your Upromise account
How do you get the money that you can earned?
Members can allocate their cash back earnings in several ways!
- Transfer earnings to eligible 529 plans or high-yield savings accounts
- Apply earnings to student loan repayment
- Request a check for cash for books and other expenses
- Split up earnings across multiple beneficiaries
Your next purchase could come with something extra: money for college.
Make sure to follow Upromise on Facebook and Twitter – and use #MyFinancialElephant hashtag to follow along and discuss everyone’s financial elephants and how Upromise can help! It’s time to be open and honest…and helpful 🙂