Anyone Use Upromice?

Michelle - if you don't already have a 529 for your kids, then this is a way to do it. I have been a member of Upromise since before my son is born, he's now 2 1/2, and I have earned a total of about 60 bucks. But this is because I do not shop at grocery stores, really, I shop at Target, Sams Club, etc., which don't participate. When I order online stuff, I look and see if they have it first. You could probably make good money if you really worked it.

They now link to a 529 plan - the Vanguard (which is decent - a 529 is new enough that there is not alot of historical data to compare), so once a quarter, it dumps my earnings (if they're over $25) into my 529. The 529 is an automatic savings - you sign up to have x dollars transferred into it per month - I think the minimum is $50.

So if you plan on doing a 529, then Upromise/Vanguard is as good as any. If Upromise didn't link to a 529, though, I doubt I would use it. The rules are really hard to pull your money out.

It doesn't cost anything to sign up, so you might as well try it for a few months and see what you can do with it.

Good luck!

S.

I have advertised for them before. When I had my almost 2 year old I signed up. I should have a LONG time ago. They have money in their accounts. Also I have family memeber sand my husband does too that gave their info. So everyone is earning money for my kids. I like it! I ope that we actually get the money one day! LOL. But I beleive that it is legite. You won't make a million for your kids but right now we have-I don't want to really say- but it's over a $100.00.

Good Luck!

N. B.
M. Advice Central-http://www.mymommycentral.com

Maybe if you start now it'll be worth the trouble and if your family members (grandparents) will participate it'll help. I've done it for years and it's only added up to a few hundred and you have to have a thousand to transfer it to one of the accounts they approve so that you can use for college.

It doesn't cost anything to try, just don't expect too much from it if you can't get a group of relatives to make the effort and participate too.

Hi Michelle,

We signed up a year ago and have just over $100 in the account. It is fairly easy to set up and worth the time. We were unable to convince any family members to join since they are all to paranoid to provide their credit card numbers or even their grocery card numbers but if you can get others to join then you could really benefit over time. Since most grocery items are only pennies added to your account you really need to look at the companies that participate. As a work at home M. I order a lot of things online so there is where we can seen the most benefit. When we bought our Whirlpool washer and dryer we saw they were upromise members so we had to fill out a form and fax it in but we got $60 for that pruchase alone.

Go for it. It is worth the set up time. Get all of you family signed up so they can all be saving for your child as well. Now it just happens based on the credit card we use. One thing I do not do enough of is shopping from their website when I buy on line. You get point when you buy products on line throught their website. The companies are ones you probably already use. Check it out for sure

We have used Upromise for a year and have $150 in our account. We use credit cards to pay for everything, but we record the money as if we had already spent it and pay it off every month. If you do this, it is like getting money for nothing, and is definitely worth it. If you carry over the balance, the interest rate makes it not worth it-you even lose money. We shop at the participating grocery stores, but probably 90% of the money in our account came from the 1% back you get from all purchases.

I have done upromise for about 4 years. I'll be honest, though, that we have VERY little money in it. We just don't shop at several of their stores listed. I think if you do shop those particular places, you have the potential to make some decent money to put in your 529, but otherwise, it's really a futile effort.

We use Upromise for about 3 years and have built up over $300, plus you get more when family members link their grocery cards to your account, and credit cards. We also have a 529 plan linked to it as well, so that we can transfer earnings thru upromise to the account.

All of the others advised you to have all of your family members sign up and that is a great help. However, my father and my husband have the UPROMISE credit card. We both never carry a credit card balance and pay our purchases off each month so the interest rate was not an issue. My father paid for vacations and my step mothers NOSE JOB with the U PROMISE Credit Card and racked up some big dollars.

The family sign up helped but once we both made all of our purchases on the CC, that really started raking it in. There is a maximum you can earn per year but I would rather earn it all and hit the cap than not come close.