Saturday, May 16, 2009

upromise update

upromise has started sending me updates on how my 529 contributions are doing (not the accounts, but how much I've been able to send to the accounts). We started participating almost 9 years ago after our first daughter was born. According to them, they have placed a little over $2,300 towards our accounts.

Overall this is good and bad. Good in the sense that we try and optimize all our spending to create these contributions. Bad in the sense that there is always an expense or spending of money in order to create these contributions. This is a similar thought process to "saving taxes."

Don't spend money just to get the 529 contributions. Spend money because you "need" something.

Click the following button for more information: Upromise.com

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