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Spend a lot, save a little.(www.upromise.com frequent-buyer/college savings plan panned)
The latest program to reward loyal customers wants you to "spend" your kids to college. The plan, called Upromise, gets corporate heavy hitters such as Citibank, Coca-Cola, and Toys "R" Us to contribute a percentage of the money you spend with them into a savings account for your child's education. But be aware that it may cost more than you think to join this "free" plan.
Here's how it works: Corporations pay Upromise a fee to participate. You sign up for the plan, online only, at www.upromise.com. You have to give Upromise all your credit-card and company loyalty-card information (from supermarkets and other retailers) so that it can track your purchases. You also must sign up for a 529 tuition savings plan (named for the tax code that gave these plans life). A percentage of the money you spend on member-corporation products will be directed into your child's 529 account. Others who sign up can also direct money into your child's account.
A 529 is usually run like a trust that invests ...
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- Newspaper article from: The Mirror (London, England) July 28, 2009 700+ words
...fees. The research, by Bank of Ireland Life in association with Schooldays.ie, found 54% of parents surveyed have no savings plan in place to help fund these fees. Eoin Kennedy, head of products Bank of Ireland Life, said: "Now, more than ever...
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...advice for creating a savings plan might be the right direction...trying to establish a savings plan. Not only does a professional...to create a retirement savings plan that addresses short...spouse how you want to spend retirement. Decide which...
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- Press release article from: Business Wire November 16, 2006 700+ words
...Around the Corner, My Savings Plan Helps Customers Stay...reaching them. "My Savings Plan" is integrated with...manage how they save and spend their money. Americans...Wells Fargo's My Savings Plan at wellsfargo.com allows...
- 20 PEOPLE WIN UNIQUE PRIZE FROM VIRGINIA LOTTERY: $50,000 VIRGINIA COLLEGE...
- News wire article from: US Fed News Service, Including US State News July 14, 2009 700+ words
...the Virginia College Savings Plan. The winners, who may...the Virginia College Savings Plan will assist each winner...families save and later spend funds for higher education...the Virginia College Savings Plan. "VEST is affordable...
- SEC Cites High Fees in Rhode Island College-Savings Plan.
- Newspaper article from: Knight Ridder/Tribune Business News March 24, 2004 700+ words
...sponsored college-savings plan for high costs as they...plan with a 529 tuition savings plan offered by Utah. The...with 21 percent less to spend on tuition than a parent...the Utah Educational Savings Plan Trust versus the Rhode...
- SEC Cites High Fees in One Rhode Island College-Savings Plan.
- Newspaper article from: Knight Ridder/Tribune Business News March 24, 2004 700+ words
...sponsored college-savings plan for high costs as they...plan with a 529 tuition savings plan offered by Utah. The...with 21 percent less to spend on tuition than a parent...the Utah Educational Savings Plan Trust versus the Rhode...
- SEC Launching College Savings Plan Task Force.
- Magazine article from: The Bond Buyer Hume, Lynn March 17, 2004 700+ words
...reviewing just two plans -- the Utah Educational Savings Plan Trust and the College Savings Plan of Nebraska -- there were differing fees for...fees, a parent would have $2,113 more to spend on his or her child's education after 18 years...
- Bad economy hits college savings plan sales hard; Volatile market caused 19%...
- Magazine article from: Investment News September 22, 2008 700+ words
...savings, but Section 529 college savings plan officials remain upbeat. Gross...Lake City-based Utah Educational Savings Plan will decrease 12% to range from...saving for college despite having to spend more of their income on "basic...
