Wednesday, January 10, 2007

The Promise of Education

One of my accomplishments this year was to get enrolled in the upromise program. My plan is that I hope to amass a little bit of money for my brother so that when he is older he won't have quite so much debt if decides to go to college. If he opts not to, then it will go to someone else who needs it.

Since getting enrolled in the program, I've found that I was able to accumulate about 40 cents. I've been enrolled for about 4 months so far and I was shocked to find out that my program was not paying me as much as I thought it would for my grocery purchases. Instead, the majority of my money was getting contributed from gasoline purchases. This is a little ridiculous in my opinion.

Nevertheless, I still think that upromise is a good program. The bottom line is that if you are not using these programs, you are leaving money on the table. And with a set-and-forget-it situation like upromise, there is very little that needs to be done by you after the initial setup. Even if it only ends up being 5 bucks, it was 5 bucks I didn't have to earn.

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