This week’s quick and easy tip is to sign up for Upromise… and to get everyone you know to do so, too. That second part may be harder, but when it comes to Upromise, there’s strength in numbers.
What Is Upromise?
It’s a service that gives you cash back for certain purchases. It’s usually just a small percentage, but it adds up! You register your credit, debit, and grocery club cards with Upromise, and whenever you buy a Upromise sponsored product, you get a little money back.
It only takes a few minutes to sign up, and can add up to hundreds of dollars over the years. Next time you’re out grocery shopping, look for the Upromise “U” logo next to the price tags of sponsored products.You can earn even more from Upromise by shopping through their website.
But the best part: other people can sign up and donate their Upromise earnings to you. My mom’s Upromise account is set up to donate half of her earnings to me, and the other half to my niece (her granddaughter) for future college costs. My boyfriend’s earnings are also donated to me. That’s a pretty sweet deal for me, since I don’t do too much shopping myself!
Money in your Upromise account is meant for college costs. They make it easy to link it up to a 529 education savings account, and they also give you options to use it to make payments on student loans from certain lenders. Or you can request your earnings in the form of a check, which you can then use to pay tuition or loans directly. Or you could use it to buy textbooks, or whatever.
Now that I’m done with school, I have to decide what to do with my future Upromise earnings. Should I put them toward my student loans? Start a 529 account, and later change the name to that of my future child? Decisions decisions! For now, I’ll just keep letting the money build up.