There are several important events in a person’s life that can be very exciting, but also very expensive. Why take away from the excitement with the worry about where the money will be coming from? Start planning for those milestones and working toward saving for them today. That way, the moments will be that much sweeter.
This post is sponsored by Upromise. All opinions are my own.
Wedding– Typically paid for by the family of the bride. These momentous occasions can get very costly very fast. From the dress to the flowers it all adds up. A lot of people don’t think to start saving for this until the the couple is actually engaged. If you have always dreamed of a big wedding, you might want to start saving earlier than the engagement party.
House– If your anything like me, you won’t have money for that first down payment on that dream house. You may even have to settle for a smaller starter house in a crummy neighborhood for a while. If your looking to start your life in that large house in the suburbs, planning ahead and saving a larger down payment will help you get there.
Birth of a baby– Not many people think about the actual birth of a baby being expensive. Even with medical insurance, co-pays and deductibles, a newborn can be costly. Without insurance, costs can be crippling. If your planning on starting a family, think about starting a savings too.
College– Whether your planning on going yourself, or sending a child, the sooner you start saving, the better. There are many costly expenses incurred when going to college. Tuition, books, room and board, meals, even down to the amount you spend on printer and paper ink. It all adds up fast. There are many different college savings accounts you can use that pay a nice interest. Look into different 529 plans, Money markets or even CD’s. Whatever you choose, the longer and more you can save, the easier it will be in the future.
Retirement– How well do you want to live when you retire? Do you want to have enough money to travel the world and spoil the grand babies? We all want to slip into our golden days with enough money to play with when the working is done. Are you putting enough away now to be able to live how you want later? Like any other saving, the sooner you start, and the more you can contribute, the bigger and faster your savings will grow.
Saving for all the possible milestones in your life can get overwhelming. Having and putting money into a savings account on a regular basis can get hard, especially when times get hard. What if there were an easier way to save for college expenses? Lucky for you, there is.
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So what is Upromise? Upromise by Sallie Mae is a free service that allows families to earn cash back by making everyday purchases. You can transfer your earnings to an eligible 529 plan or a Upromise GoalSaver account. You can also apply earnings to an eligible student loan repayment or request cash back in the form of a check for books and other expenses. You can even split the earnings between several beneficiaries.
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Visit online to learn more about Upromise by Sallie Mae or to sign up today. Don’t miss out on all the savings opportunities while you shop this holiday season. Sign up today and start saving for your life’s milestones.