I know… this is something we never like to think about. I’m the world’s worst at wanting to procrastinate the inevitable reality that I need to save for my children’s future. I mean, they’re only 3… well almost 4…well school will be starting soon… before you know it, those college days will be here. Will we be ready??
In my journey for information here, I first stumbled into a site I’ve known about but never visited. You feel a bit silly typing in fool.com, but trust me, there is no silliness about the valuable information there. They offer financial advice geared toward the investor. Two areas of the site I found valuable for moms are the “Tips on paying for your little Fool” with lots of money saving tips for new parents or seasoned ones; and the “College Saving Center” with a how-to guide for those considering saving for future education. (see links below) Using their college calculator I determined that I will need about $30,000 for each of my twin’s college. YIKES!
My second find on the web was to a fabulous surprise to help take the bite out of that impossible amount. UPromise (link below) offers an innovative way to help you save for your children’s college. You can register for their FREE program and receive money back from purchases you make. This money goes into your UPromise account which you can invest into a 529 college saving plan. You can even get your friends and family to join and earn on their purchases to benefit your children. This is just too cool! I can earn while buying groceries. (Just think… had I known about this during the diaper days, their college fund would be half paid for *wink*.) You can also earn money to invest from McDonald’s, AT&T long distance, tons of auto service chains, travel, and lots of other everyday purchases. There is no catch here. This is money you would be spending anyway. Now you can get a bonus back to invest for the future. You really can’t beat that.
So, take some time and visit these sites. I know, it seems like their college days are so far off, but by taking little steps today you can avoid a lot of stress and disappointment down the road. Go take a peek…
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