This is a little info about how much it is going to cost to send our kids to college and a great way to contribute by SHOPPING. I used University of Florida (Go Gators!) as an example. Right now the annual cost of attending UF today is $31,950. The FUTURE COST of attending UF with inflation is $315,630 for 4 years. Dang! Hubby better start workin' cuz this blogging business sure ain't bringing home the bacon!
|1. ||You can Invest this lump sum now: ||$ 75,929.19 |
|2. ||You can Invest this amount annually: ||$ 7,707.48 |
|3. ||You can Invest this amount monthly: ||$ 665.00|
My BFF Megan is the queen of smart shopping. She told me about this website called UPromise, anything you buy from it gives you $$$$ towards your childs college education fund. So I of course had to check it out (since I am the queen of online shopping) and this is how it works.
You go to http://www.upromise.com/ and you set up an account, you then search "anything or any store you are in the mood to buy from" and the company comes up with how much they contribute and other discounts. For instance I need a new pair of Ugg Boots so I searched Ugg and it says they will give you 8% back and then offer you free shipping also. BINGO!
I just used it to buy all my photo's from Kodak Gallery and received money into my account for something I was going to buy anyways. There are thousand upon thousands of companies that offer you money. You can add your grocery store cards and your CC's too and get cash back from them.
Two things though.
1. You have to go to http://www.upromise.com/ first and then it will take you to the next website this is how it links your account. 2. You should have a 529 Plan linked to http://www.upromise.com/ that the money will be placed into grow.
College is expensive and every little but will help. Thought I would share the tip!