Do You UPromise???

Here's a GREAT way to save for your child's college OR to help pay down YOUR college debt!

Like many other credit cards, this Bank of America UPromise credit card earns you money back on EVERY purchase. There are literally thousands of participating merchants, restaurants, and grocery products that allow you to earn additional money.

After you've earned the money each month, you've got 3 options: Request a check, Paydown a student loan, or Save & Invest.

Here's an example of how it works (how I use it):
I go about my daily routine, making purchases as normal earning money back along the way. I've got all of my other bar code cards (from the grocery, retailers, pharmacies, etc) registered into my account along with other family members that give me their codes. Each time one of those bar codes is swiped when purchasing a UPromise product OR at a UPromise retailer, I get the credit. Each quarter, all the money that's accumulated in my UPromise account gets dumped into my children's College Savings 529 Plan and invested.

So, how does the idea of investing free money sound???

There's a link in my blog roll to the right or just click here: UPromise

If you want to link your UPromise account up to a 529 Plan as I have and don't have one set up yet, check out the 529 account link to the right as well....ok, or just click here: 529 Plan

DISCLAIMER... If you aren't good with credit cards and don't pay off your bill each month or don't make the minimum payments, it would be wise for you to cut up your cards. Your interest and penalties will WAY out weigh any savings you'll get done with any card. Get control of your spending first.