Wednesday, May 18, 2005

Send Your Kids To College For Free

Well, not quite for free. Since the cost of sending your kids to college seems to keep growing exponentially every passing year, every little bit helps. Here's a way to help cut the cost of education. Especially when that help is free.

Upromise is a free program that gives a percentage of your purchases back to you in a special savings account when you register your credit cards and grocery cards with them. It is similar those "affiliate" or "cashback" programs I talked about in previous posts.

Once registered, everytime you go shopping online or in your local store, or eat out at a restaurant, Upromise deposits a certain percentage of your purchase to your Upromise college savings account. Everytime you buy a sponsor's product with your grocery rewards card, you get credit as well.

Even if you have an air miles credit card, you still get Upromise dollars in addition to your air miles. As a Upromise member, you also have the option of opening a 529 college savings plan through Upromise Investments.

The best things about this program is that it's FREE, and you don't have to do a thing once your register your cards with them.

You can even have family and friends automatically add to your college savings when they register their cards and link them to your account. So if you don't have kids, you can help support mine ;) I'll even send you a referral link. Just let me know :D