Will you make a #savingspledge with us?
Have you heard about the U.Plan Prepaid Tuition Program? If you're one of our loyal customers who are in the know, you understand how unique and effective this program is for helping families achieve their college savings goals.
If you're not, take a minute to visit our website and acquaint yourself with all of the benefits of the U.Plan.
You only have a limited amount of time to lock in tuition and mandatory fee rates for this upcoming academic year. For those of you who have good intentions, but aren't sure how to find the money to contribute, let's break it down.
Let's say you have about 10 weeks to save.
What do you do every week that you could cut out for TEN weeks in order to help you achieve a higher savings contribution in the U.Plan? Do you buy lunch every day? Coffee? Treat yourself to a mid-afternoon fro-yo?
Let's imagine you buy lunch from your favorite burrito place 3 times a week, spending approximately $7 per meal. That's $21 per week. On top of that, you cannot get through your afternoons without getting a coffee at the local chain – your medium iced extra-light-with-milk and one sugar runs you $2.88 per day – times 5 days, that's $14.40 per week.
Simple math says $21 + $14.40 = $35.40. Multiply that by 10, and you've got $354. That brings you right above our minimum $300 cost to save in the U.Plan this year.
I don't have children yet. But I am planning (and paying) for a wedding. I understand how tough it is to find extra cash to set aside. I've decided to make the commitment to myself to cut out some of the little extras for the next few months to help increase what I'm able to set aside to pay for my big day.
So, why don't you join me for the next 75 days and make a #savingspledge? Take a look at your weekly expenses and see what you can cut out for the next 10 weeks. I plan to forgo my twice-daily coffee routine, will finally cancel that monthly subscription box I don't use, and will spend a little more time meal planning so I don't have to buy lunch.
Set a goal – or see what you can cut back on – and break it up. Make your savings efforts achievable by breaking them down, week by week. If you set your focus and plan ahead now, I'm confident you'll be able to achieve, and maybe even exceed your savings goals!
What is your goal? What will you cut back on? Share your #savingspledge story with us on Facebook and Twitter. We can't wait to see what you're able to achieve.