I was just going over some of my personal investments as I do every week but I was also going over my daughters stuff also and it got me to thinking. I remember a few threads with people announcing there new baby and/or children and it got me thinking.

 

This is not a plug for anything, I do not get anything from this nor do I say you can or will do well but this is something that will take a few minutes of your time and friends and family can also help you at this. There is a web site called U-Promise. This is a 529 account for college for when you child gets to that age. You can make a contribution once, monthly, or on what ever schedule that may work out best for you. There is absolutely no sub statue for longevity when investing. Yes we would all love to be able to buy on lows and sell in highs but if we could do that we would but it just doesn't work that way.

 

The U-promise web site isn't the greatest, however the benefits are fantastic, you can just register you credit cards you normally use and do nothing different, some stores or services earn more for you but like I said, it just take the initial time to sign up and register your current credit cards. There are other things like the U-Promise credit card, it's ok, but I have found that what I get back from some of my others ones net me a little more directly and just take the lower contributions that are automatic from them.

 

Anyway, for a few minutes of your time, also you can send invitations to family and Friends who also do the same thing for your child to help increase what I consider found money.

 

Take a look and see if it might be something your are interested in doing for your child, I feel myself and others who have children can not afford not to do this.

 

Here is the link: U-Promise

 

Also don't forget about our host of this forum and what he does while you are thinking along these lines.

 

Harry

I use the credit union at my union hall. I have money taking out weekly and put into an account that I never look at

I use the credit union at my union hall. I have money taking out weekly and put into an account that I never look at

 

Thats great, but the U-promise account you earn a percentage of what you normally spend on each of the registered credit cards that you currently have, so basically you don't do anything different in how you do this today, but with the U-promise account those purchases you get a percentage into the 529 account. It's money for doing nothing, like I said, if you have kids or someone in your family does, this is something you can't afford not to do.

 

Harry