It’s September and the kiddos are all back in the school routine, but there’s another thing about this month that you may not be aware of.
It’s National College Savings Month! It doesn’t matter if your kids are crawling around in their diapers or prepping for their SAT exams, saving for college is really, really important. Of course, it’s best to start as early as possible, and the good folks at ScholarShare are well aware of that.
It all starts with the very easy process of setting up a 529 investment plan.
What is a 529 investment plan, you ask? Basically it’s a tax-free college tuition plan that you can set up for your kiddos to use for qualified expenses.
For example, I opened a ScholarShare 529 account for my daughters for a just $50 in total. Think about it — a night at the movies with a family of four would cost more than opening up a 529 plan. And it only takes about 15 minutes of time to set up. It’s absolutely worth it if you ask me.
But here’s the best part:
To help spread the word about College Savings Month, ScholarShare is hosting its annual College Savings Pledge Sweepstakes. It’s super easy. All you have to do is declare how much you plan to save on a monthly basis for your future college graduate — even if it’s just $25. Then, throughout the month of September, five eligible sweepstakes entrants will be selected each week to receive $500 in the form of a ScholarShare gift card to support their savings goal.
Ready? Enter here, and good luck! The contest ends on September 30th and 8:00pm PST.
This post is sponsored by ScholarShare, but all opinions are my own.
The sweepstakes is open to legal residents of the State of California who: 1) are at least 18 years or age or older and have a social security number or federal taxpayer identification number; 2) have not won a prior sweepstakes with ScholarShare in the past 12 months.