Today’s post is brought to you by MPMK’s newest sponsor, Upromise, a company dedicated to helping parents find small ways to do a really big thing- save for college!
If you’re not familiar with how the Upromise program works, here’s a quick 1-minute video to get you up to speed on how the things you already do every day, from shopping online to ordering pizza for movie night, can earn you money for your child’s college fund.
Check out the Upromise program today and then check out these tips from our contributor Janssen on other ways to help your kids become savers.
And! Right now, when you invite friends and family to join Upromise you can both earn $20!
We all want our children to grow up to be wise with their money, but little kids often are most interested in spending their coins as fast as they earn them. If your children are anything like mine, the moment they see the candy aisle, they’re desperate to spend everything they’ve earned.
How do you turn a kid who just wants a lollipop (and right this minute, please) into a child who can save for bigger items like a big toy or bike and eventually for a car and college tuition?
Here are 6 strategies to try:
Set both small and large savings goals
Saving for something as distant as college can be hard for an elementary-schooler to grasp. Try having multiple savings goals instead. Some can be long-term like a car or college tuition someday, and some can be smaller and shorter-term like a bike or a day at the local amusement park. It’s so motivating to actually save for something and then be able to buy it and helps boost motivation to save for bigger and more long-term purchases. Read More