Re: college vs retirement

In article <[EMAIL PROTECTED]>, Zarah says...
>
>On Mon, 1 Dec 2003, Elizabeth Gardner <[EMAIL PROTECTED]> wrote:
>>We have a 529 plan, but it's mostly so that we can collect bits of change
>>here and there from our uPromise activity.
>
>Do you mind if I ask which one you went with?  I haven't opened one of
>theirs yet because it looks like the fees would eat up the little bit
>of uPromise earnings we get.


For me uPromise woudn't add up to a heck of a lot, which is why I never
bothered.  Only a few merchants I would normally buy from go have uPromise, and
to try to get more I'd have to actually lose money.  One example - sometimes for
convenience I use the local Mobil station, and I could add to uPromise that way.
I'd do better if I were to use the cheaper gas station, and send the savings to
an ordinary college plan.

I suppose it doesnt' hurt if one is very aware not to spend more on items just
for uPromise, and is already budgeting well.  Do it but don't let it fool you. 
That is - continue to spend frugally, and reap what uPromise benefits one gets
in the course of that.  But all in all I think it's more of a feel-good thing.

JMO,
Banty