| Any tips on saving for college?

Any tips on saving for college?

coolhandven asked:


My son is 1 month old. I have established a 529 account. I have bought EE bonds from the Treasury. I have also made significant purchases in gold and silver. Each month I put in a static amount. What am I missing?
Upromise sounds good but I dont shop with a credit card and neither does most of my family. Also on the insurance opportunity you are getting screwed. You are paying 3600 annually for 10 years (36k) and the value is only 39K? And correct me if I am wrong but any money you take out is in the form of a loan??? Also, as a non-public entity the company could possibly default on its commitment of insurance. Please educate me if I am incorrect.

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Comments

4 Responses to “Any tips on saving for college?”

  1. cmustang_315 on May 18th, 2009 3:37 pm

    sounds to me like your on the right track. just invest wisley and make good financial decisions on saving it and it should work out…good luck

  2. maineems2004 on May 19th, 2009 9:08 pm

    sounds like you are doing awesome, you could also hook up with upromise.com it’s not a big chunk, but it could add some money to the 529 account over the years..

  3. Txlady on May 21st, 2009 7:54 am

    Try to double the monthly amount if you can. By the time your son is ready to go, he will be “well-padded.”

  4. the_smeltzers on May 22nd, 2009 3:23 pm

    Check out Upromise. it take a small percentage of evthing you buy with you credit card, and puts it into a high yield account for your kids. you can set it up to go between multiple kids as well.
    * Upromise Rewards - Join millions of families who turn their everyday spending into college savings.
    * Upromise College Savings Plans - Discover easy and affordable ways to start your own college savings plan.
    * Family & Friends - They want to help. We make it easy.

    Even friends and family can donate, or let you add their cards to the upromise account, so everything you buy could count towards the college savings.