[blparent] Has anyone used UPromise.com?

[Veronica Smith]

Me either, I just put money into the bank every 3 months or so and that will 
help gab in the future. V
----- Original Message ----- 
From: "Pickrell, Rebecca M (IT)" <REBECCA.PICKRELL at ngc.com>
To: "NFBnet Blind Parents Mailing List" <blparent at nfbnet.org>
Sent: Thursday, February 19, 2009 6:25 AM
Subject: Re: [blparent] Has anyone used UPromise.com?


> Better yet, put an amount you can aford into a savings account every
> month or every two weeks, whatever makes sense to you.
> My problem with the program you describe is that it encourages consumer
> debt, buying on credit, i.e. buying things with money you don't have.
> Also, Sarah may or may not go to college. She may decide to learn a
> trade instead. Would you get the money back from this program or would
> you be out of luck?
> With a savings account, the money is hers no matter what.
> I'd also varify that the finantial planner isn't being paid or gifted to
> promote this program.
> Me, I wouldn't do it.
>
>
> -----Original Message-----
> From: blparent-bounces at nfbnet.org [mailto:blparent-bounces at nfbnet.org]
> On Behalf Of Jo Elizabeth Pinto
> Sent: Wednesday, February 18, 2009 6:38 PM
> To: NFBnet Blind Parents Mailing List
> Subject: [blparent] Has anyone used UPromise.com?
>
> Hi, all.  I heard about a program today called UPromise.com that rewards
> a person with savings toward college for making purchases from member
> companies.  The web site is pretty accessible, and the gist of the
> program seems sound--you register your credit card, then when you buy
> from member companies, they contribute cash (usually one to eight
> percent of the purchase price) toward your college savings account.  i
> heard about the site from someone who is in the business of financial
> planning, and with college so expensive, it seems like it might be a
> good idea to sign up and start saving for Sarah, even though she's only
> a year old.  I was wondering if any of you have used the service, and if
> so, have you found it reliable and worthwhile?
>
> Thanks,
> Jo Elizabeth
>
> "Don't throw away the old bucket until you know whether the new one
> holds water."--Swedish proverb
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