Mission Tuition Savings Plan

Tweet

Pin It

Have you ever thought about how much money you have saved when you've used store rebates or coupons? Some of you have done the math on that and I have too once I became a coupon clipping mom. I've kept an excel chart of how much money I've saved and have been surprised at the end of the month. Well what if that savings could be put into a college account for your kid's education? That would be cool huh? Mission Tuition does just that.



All you do is shop at any major retail store like Sams Club, Wal-mart, Lowe's, Auto-zone, Walgreen's, Petco, The Gap, even Groupon participates in this and the list really is endless, but you do want to make sure they are a participating merchant. Then with the savings you get from store rebates, Mission Tuition puts into a 529 savings account for you at Wells Fargo. The best part about this is that its free and you don't have to worry about it. To get started, simply sign up, select your favorite retailer or one of their featured merchants and start shopping. Its fun to know that shopping can help you save for your child's college education.

So how does a 529 plan differ from a regular savings account? Investing in a 529 plan may offer college savers special tax benefits. Earnings in 529 plans are not subject to federal tax, and in most cases, state tax, so long as you use withdrawals for eligible college expenses, such as tuition and room and board.You can learn more about 529 plans here. In addition to that Mission Tuition offers you resources to help you plan for your child's education and help you calculate how much money you will need to set aside for college. College used to be an option back in my parent's day. In today's world, you have to go to college to get anywhere in life, and that certainly isn't going to change when my kid's are college age. So if I can save anything at all for them, I will.


If you like my blog, please vote for me: