Saving Money for your kids college the EASY WAY

As soon as we found out we were pregnant, we immediately researched options of saving money for the baby's college fund.  It is difficult enough to save for one child.  And now two children.  But with commitment to your children's future, there are ways to put a dime here and there that will create an nice college fund or nest egg for your kids in case something happens to you.

The important thing is to just GET STARTED! 

1.
www.UPROMISE.com    THE ONLY FREE WAY TO GET $$$ FOR COLLEGE FUND
This is an easy way to set up money for your child's college fund.  It will take you about 1 hour to set up your account.  You will need to register your credit cards (don't worry, it is all kept private and NOT used for anything else!)  that you use regularly and the "reward" cards to stores you frequent.  To really take advantage of this program, download the free Turbosaver toolbar and shop online (which I do anyways so why not make money for my kids?!).  Upromise also has e-coupons that you may use at stores to save.  Who else gives you free money AND saves you money while shopping??

The way it works is that you get a percentage of every qualified purchase you make or qualified restaurant that you dine in. So say you spend $100 at CVS of qualified products, then you get % put into the account. Or every time you eat out and pay with your registered credit/debit card...you just earned money for your child's college fund!  [We have a 529 account for both kids] The money automatically gets transferred into the kids 529 account whenever the Upromise account hits a minimum amount.  You also have the option of getting the money out when the kids go to college if you don't have a 529 account.

2.
529 ACCOUNT
You will have to do some research to decide which 529 account is best for your children.  It will depend on what type of college or university you want them to attend and which state.  If you have further questions on what we did, send me a personal email and I will give you details.  A 529 account invests the money you put into it.  We have already tripled our investment since our son was born 2 years ago....even in a bad economy!  Our goals each year is to put in $500 minimum per child.  We also match any money that is put in by family and friends.  For Christmas and Birthdays, we put in 20% of whatever we have spent on gifts into each account.  So if we spend $100 then each child gets $20.

3.
There is a type of mutual fund that if you invest $1000 the day your child is born, he/she could have $100,000 when he/she turns 21. It is a high risk fund and I am not a financial advisor so all I can recommend is research for yourself. 

 

 

NOW GET OUT THERE AND START SAVING MONEY FOR YOUR CHILD(REN)'S FUTURE!