I’m a big believer in both personalized budgeting and free money. The new Upromise GoalSaver savings account allows account holders to set separate savings goals within the same account. Thus, you can save for a family vacation, it’s separated from the amount within the account you’re saving for your kid’s college education or to pay off your own student loans. You’ll be able to track how close you are to your goals, but more importantly, they’re giving you part of the money. The Upromise free rewards program allows you to sign up and earn cash rewards from online shopping that can be deposited into a variety of accounts, including this one. I’ve personally known individuals that have saved $300 annually without spending a dime beyond what they’d normally spend.
If you’re confused about college savings plans (529s) work, checkout a new free video course on 529 plans. The course takes about 15 minutes total. When you login, you’ll be able to go back and finish the course another time. You won’t receive any extra emails from providing your email address unless you opt in. If you opt in, you may receive an email from your state’s 529 plan.
Luckily, this change is a fairly easy one. All the websites are the same, and you can still find all your student loan information in a few easy steps. You’ll just need to create a username to access your student aid information. Read the article I wrote for iGrad for step-by-step information for creating your username.