Jack’s Cash

Thanks to a comment I got from Joyce on my Saving for my retirement post I got Dad to check out LittleGrad.com. Essentially LittleGrad.com is a service that provides links to sponsoring companies that will deposit money into your child’s 529 savings plan for shopping at their stores. Basically they have a list (a very extensive one at that) of all participating companies. If you click on a link from LittleGrad.com you will be taken to the company’s site and any purchases you make at their website will be eligible for the bonus that gets deposited into the 529 plan. Each store has their own deal, most are matching percentages some are straight dollar amounts. Most companies will deposit 4-10% of your purchase into the 529 plan, but some companies offer up to 24% matching funds!!

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As I mentioned in my monthly report, my dad after setting up my 529 plan sent out this letter to all his relatives. Here it is

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February was a pretty good month for me. Not only did I actually recieve the $50 bonus for opening my sharebuilder account, I also got my dad to open a 529 savings plan for my college education. The $115 of seed money that he gave me is a great start, but just getting the account open allows me the opportunity for my friends and families to contribute to my savings account (no more excuses of not knowing what to get me for my birthday/christmas). In fact I should post the soliciation email my dad sent out to the family after getting my 529 plan started, it’s actually pretty funny.

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