How To Save Money for Your Children’s College Education -

Parents consider saving for their children’s college education as one of their most important goals. They also view this goal as both daunting and overwhelming. As a result, most parents simply “kick that can down the road”. If you’re a parent, maybe you’ve told yourself any or all of the following:

There’s still plenty of time to save for college,
I’ll start saving for college once I get that raise,
After I finish making my car payments, I’ll start saving for the kids’ college education

The list of reasons parents conjure up to defer saving for college is endless. But, taking this approach will truly put you in a daunting and overwhelming situation come time to send your high school graduate off to university.

Our recommendation: Start now. Not tomorrow or when you get a raise, but right now. We’ll show you how. Also, do not assume that you need to start the college savings fund with a lot of money. If you maintain that perspective, you’ll never get around to starting. Instead, start with something that’s achievable like $25 (heck, we’ll give you your first $25 to get started…we’ll tell you how at the end of this article).

Equally important to starting now is making regular contributions to the college savings plan, even if they are small. When it comes to saving for college, consistent and steady contributions outperform infrequent, lumpy contributions.

This is a marathon, people, not a sprint. Every step you take, what its size, gets you one step closer to making college affordable. So, the sooner you take that first step in saving for college, the farther along you are when it comes time to make the college tuition payments.

Why do consistent contributions outperform infrequent contributions? It has to do with the power of compounding growth. Plus, you should not underestimate the emotional and behavioral impact from seeing your college savings start to grow. Once you see that saving for college isn’t crimping the monthly household budget, you’ll become motivated to find other ways to save even more money for your kids’ college education. [It’s like working out, dieting, or learning new skills. Each advancement motivates you to go even further.]

So where does Upromise fit in?

Upromise helps you effortlessly make regular contributions to your college savings account. What’s even more powerful is that, with Upromise, you don’t have to “come out of pocket” to save for college. Upromise makes it possible for you to receive cash back on all your everyday purchases and then have that cash back transferred to your designated college savings account or 529 account. In other words, you save for college without actually having to do anything.

Over the past 2 decades, families like yours have saved over $1.1 billion dollars toward college using Upromise.

To put college savings on autopilot with Upromise, follow these steps today.

Step 1. Sign-up for a free Upromise account. We’ll start you off with $5.29 after you complete your sign-up.

Step 2. Apply for a Upromise Mastercard. You’ll receive a $100 bonus toward your college savings account if you spend $500 within your first 90 days of activating the card.

Step 3. Watch your college savings account grow as all purchases made on the card qualify for up to 1.4375% cash back and get transferred to your college savings account or designated 529 account.

Remember, the most successful approach to saving for college is to start today. Do. Not. Procrastinate. Start by applying for a Upromise Mastercard. The cash back you receive from purchases on that card will serve as the ongoing, consistent contributions to your savings account.

Oh, and that $25 we promised earlier. Here’s how to get it. Simply link a tax advantaged 529 account to your Upromise account.

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