Credit cards and web shopping sites deliver funds to 529 college savings plans
Both families collected rebates of
Parents who have used the rebate programs say there are four steps to squeezing the maximum amount of free money from the programs:
1. Pay your credit cards off in full every month.
Otherwise late fees and interest will more than eat up the value of your rebates, says Makler.
2. Resist temptation.
Don't buy something that isn't on your shopping list just because it offers a big rebate.
3. Be consistent and persistent.
It takes discipline to turn rebate-maximizing into a habit, says Randall. But a few tricks make it easier. Some successful parents set their computer's homepage to shopping rebate sites like Upromise or Babymint so that they get credit for clicking through those sites to rebaters like
4. Consider family dynamics.
One of the easiest ways to increase rebates is to get friends and family to pitch in. But Makler says "it's a tough conversation" to ask a grandparent or uncle to switch from building up mileage for their own vacations to the Upromise or Fidelity credit cards that funnel rebates to a child's college savings account. An easier sell is to ask them to do free and easy things such as registering their grocery loyalty cards at Upromise, or to try to use Babymint or Upromise when shopping online.
Now that she's seen how little effort it took to build up several hundred dollars in rebates for her older son, Randall,
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