This summer, my children will be 2, 4, 6 and 8 (it’s an “even” year this year). And let’s just say they probably won’t get scholarships to play in March Madness. So you know what that means; lots of hard work so I can save for college.
But being a crafty blogger, I found a great product that can really help me out. Upromise is a rewards program where shoppers can earn cash back for college. Best of all it is free to join. Did you know that by simply doing their shopping online, members have received more than $800 million dollars through Upromise? That is real money for college!
Here’s how it works: You already shop at great retailers like Target, Apple, Best Buy, Macy’s and Old Navy, but now you can earn up to five percent back for college on eligible purchases. Plus, if you use the Upromise credit card you can earn up to 10 percent or more cash back. It is really simple, the money you earn can be put in a 529 college savings plan, used to pay down eligible student loans, deposited in a Sallie Mae savings account, or you can get a check.
It is never too early to start saving and now is a great time to take advantage of Upromise. In March, Upromise by Sallie Mae is increasing cash back for college to help families, college students and recent grads to save and pay for college. During March Bonus College Savings Month, nearly 300 online retailers are offering 7- 20 percent cash back on eligible purchases made when starting at upromise.com.
For example, I am going on a vacation for spring break. I just booked a hotel through upromise.com at Ramada and saved 5% on our booking and used Alamo Rent A Car to save 2% with them. Hey, I’m going to spend this money anyway, why not use it so save for my kids’ college? But, this isn’t just for vacations, Upromise by Sallie Mae is free to join and members can receive cash back shopping online at more than 850 retailers, dining out, buying gas, shopping with the Upromise credit card or even buying or selling a home.
Starting March 3, Upromise is running a Facebook promotion (See here: Upromise Facebook). You could win $500 in your Upromise account simply buy saring savings tips with your Upromise account. All you have to do to be eligible is to “Like” the Upromise Facebook page and share a savings tip. Details are available at Facebook.com/Upromise.