Comments on: The Upromise College Savings Promotion http://www.helpyourmoney.com/100/upromise-college-savings-promotion/ Find and Share Tips on How to Make, Keep and Grow Your Money Sun, 12 Oct 2008 10:55:49 +0000 http://wordpress.org/?v=2.3.3 By: Catherine http://www.helpyourmoney.com/100/upromise-college-savings-promotion/#comment-312 Catherine Wed, 19 Jul 2006 16:34:37 +0000 http://www.helpyourmoney.com/100/upromise-college-savings-promotion/#comment-312 Upromise is a good program, and they deliver what they promise, but the choices on investing are fairly limited. They used to allow you to use almost any 529 program, but now they have limited it to just a handful, mostly brokered by the Upromise company itself. Not necessarily a bad deal, but not very flexible either, especially if you already have a functional 529 account. Of course you can always withdraw the cash from your account, by writing them a letter -- they're not scammers and they don't hold it hostage! -- but it's not a quick process. It's been worth it for my family so far, but it's good to know some of the drawbacks too. Upromise is a good program, and they deliver what they promise, but the choices on investing are fairly limited. They used to allow you to use almost any 529 program, but now they have limited it to just a handful, mostly brokered by the Upromise company itself. Not necessarily a bad deal, but not very flexible either, especially if you already have a functional 529 account.

Of course you can always withdraw the cash from your account, by writing them a letter — they’re not scammers and they don’t hold it hostage! — but it’s not a quick process.

It’s been worth it for my family so far, but it’s good to know some of the drawbacks too.

]]> By: Howtobewebsmart http://www.helpyourmoney.com/100/upromise-college-savings-promotion/#comment-291 Howtobewebsmart Tue, 18 Jul 2006 14:35:56 +0000 http://www.helpyourmoney.com/100/upromise-college-savings-promotion/#comment-291 UPromise has things you should and should not use it for. In terms of real world shopping, uPromise is great, because you can basically register your credit cards and grocery cards, and then forget about the program. and the value of being able to register friends and family is huge. However, upromise gives poor returns on online shopping. with respect to online shopping, it is much better to use stuff like fatwallet, ebates, or bigcrumbs - to get higher returns, and more easily accessible cash. UPromise has things you should and should not use it for. In terms of real world shopping, uPromise is great, because you can basically register your credit cards and grocery cards, and then forget about the program. and the value of being able to register friends and family is huge.

However, upromise gives poor returns on online shopping. with respect to online shopping, it is much better to use stuff like fatwallet, ebates, or bigcrumbs - to get higher returns, and more easily accessible cash.

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