Thursday, June 30, 2011

What Do You Want to Be When You Grow Up? A Sallie Mae Survey, Tips, and Giveaway for a $25 Gift Card to Restaurants.com

Do you remember what career you wanted when you were a kid? Like most children, I went through various ideas, such as being a teacher or a flight attendant. At one point, I even wanted to be a nun! When I asked one of my 7-year-olds what he wants to be when he grows up, he said a “rock scientist” (geologist). I thought that was a great idea! Of course, by this time next year, his answer will probably be totally different! Sallie May, the number-one financial services provider specializing in education, recently launched the “What I Want to Be When I Grow Up” survey. They’d love for you to visit www.surveymonkey.com/s/salliemaegrowupsurvey to share what your child wants to be when he or she grows up, as well as what you wanted to be when you were little!

In conjunction with this short and fun survey, they’ve also issued some tips on how families can help their kids get started on pursuing their career aspirations by being financially prepared for college. One in five American families with children who are likely to attend college name saving for higher education their top priority, according to How America Saves for College, conducted by Gallup and Sallie Mae. For the nearly half of those not saving for college, respondents reported that they do not know how (18%) or are not sure which are the best college savings options (28%). Sallie Mae offers these tips for families to help them get an “A+” for their college savings plans:

Build a plan. First, understand the full cost of college and build a plan to save for it. Sallie Mae’s free Education Investment Planner helps calculate and compare future college costs at more than 5,500 college and graduate schools across the country and provides an age-based estimate of how much to save. It helps users explore the different ways to pay for college (based on savings, scholarships, grants and student loans) and helps families predict the student loan payments once the child graduates. Families can create a savings goal and set up automatic deposits of $25 or more a month or deposit money annually as budget allows.

Start saving as early as possible in a dedicated college savings account. As mentioned above, most families save for college using two to three savings vehicles. Consider the following options:

o Build college funds tax free. 529 college savings plans are tax-advantaged ways to save for college, have no income limitations, and are easily transferable to another beneficiary if needed. Most 529 plans are sponsored by a state and many offer a state tax incentive or other benefits to residents (check 529.com for information on each state’s tax advantages). Family members can enroll in any 529 plan regardless of the state of residence without taxes or penalties. Earnings grow free of federal income tax as long as the withdrawals are used for qualified education expenses. Contributions to a 529 plan can be up to $13,000 ($26,000 if married filing jointly) a year or up to $65,000 ($130,000 if married) at once as long as no additional gifts are made to that beneficiary over a five-year-period.

o High-yield savings and Certificate of Deposit accounts: Sallie Mae’s savings and CD accounts are low-risk investment options with competitive interest rates (often one of the highest in the country), no monthly fees and no minimums. In addition, the high-yield savings accounts offer the ability to earn extra Upromise rewards to help your money grow.

Save more with Upromise by Sallie Mae. Earn extra money for college through Upromise. Since its inception 10 years ago, Upromise members have earned $600 million in college savings, the equivalent of a college education for 20,000 students. Joining Upromise is free and rewards members for eligible everyday spending with hundreds of participating merchants and by making purchases with the Upromise World MasterCard. Earnings can be invested in certain tax-deferred 529 plans, deposited in a high-yield savings account, used to pay down an eligible student loan or simply request a check. Even friends and family can sign up.

Give the gift of education -- especially during the holidays, birthdays and graduation. Sallie Mae’s How America Saves for College with Gallup found that 16 percent of families had help with college savings, with an average amount of $9,243 from family and friends. Thirteen percent of parents rely on gifts into college savings accounts as their primary way to save for college.

o Ugift with Upromise. With Ugift, gifts can easily be given directly to a child’s 529 college savings account administered by Sallie Mae’s Upromise Investments. Giving through Ugift has totaled more than $12 million since 2008.

Put your employer to work. Check your benefits at work as many companies offer employees the ability to contribute to a 529 plan through ongoing payroll deduction.

Kids can save too. Kids as young as school-aged can contribute to their future by setting aside money from a weekly allowance in their college savings account. Older kids can deposit earnings from baby-sitting, summer jobs or working part-time. It adds up over time and is an important reminder of their goal to attend college and a good lesson on saving.

My husband and I set up a college savings plan for our kids as soon as they were born! It’s never too early to get started. In fact, the earlier you start, the better. I hope you’ll give this some thought. And, in the meantime, be sure to take Sallie Mae’s quick survey about “What I Want to Be When I Grow Up”! As a thank-you, Sallie Mae is also offering the following gift for a reader of this blog!

GIVEAWAY

One lucky winner will win a $25 gift card to restaurants.com courtesy of Sallie Mae! To enter, visit www.surveymonkey.com/s/salliemaegrowupsurvey and fill out the quick survey. Then leave a comment on this post sharing what you and/or your child want(ed) to be when you grow up! You must do this to enter the giveaway.

After fulfilling the mandatory entry above, you can earn optional, additional entries if you:

- Follow @SallieMae and @ParentingAuthor on Twitter and tweet about this giveaway. You may tweet up to 3x a day. (Please space them at least an hour apart.) Leave a separate comment with the URL of each tweet. (1 entry per tweet)

- Like Sallie Mae on Facebook. (1 entry)

- Like Susan Heim on Parenting on Facebook and/or follow on Networked Blogs. (1 entry for each)

- Subscribe to Susan Heim on Parenting via email, RSS, Google Friend Connect and/or Kindle. Leave a comment for each subscription method. (1 entry for each subscription method for up to 4 entries)

- Place a button for Susan Heim on Parenting on your blog and/or a text link on your blog roll. Post a comment with your blog’s URL. (1 entry for button; 1 entry for text link)

- Enter another current giveaway on Susan Heim on Parenting. (1 entry per giveaway entered)

One winner will be randomly selected from the qualified comments received by Thursday, July 14, 2011, at 11:59 PM ET. Please leave an email address on one of your comments if it’s not available on your Blogger profile. Winner must respond within 72 hours or another winner will be drawn. Contest is open to US and Canadian residents only.

CONTEST CLOSED. Congratulations to the winner, clynsg!



DISCLOSURE: I was not compensated for this post in any way. Thanks to Sallie Mae for providing the gift card for this giveaway.

57 comments:

  1. Me and my son both want to be pro baseball players.

    ReplyDelete
  2. following both and tweeted http://twitter.com/#!/doubleD215/statuses/86725238942994432

    ReplyDelete
  3. liked sallie mae on facebook David Deibert

    ReplyDelete
  4. liked Susan Heim on Parenting on facebook David Deibert

    ReplyDelete
  5. following on GFC double D

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  6. subscribe via email doubled215@gmail.com

    ReplyDelete
  7. I went and took the survey
    Rebecca
    mommiesgotfivechildren at hotmail dot com.

    ReplyDelete
  8. I forgot to put in my last post that I wanted to be a mother when I grew up.
    I went and filled out the survey

    mommiesgotfivechildren at hotmail dot com

    ReplyDelete
  9. I am following both of you.
    @SallieMae and @ParentingAuthor

    @mommieschildren/twitter.com


    I tweeted your contest.
    http://twitter.com/#!/mommieschildren/status/86828506197147649

    ReplyDelete
  10. I liked Sallie Maes page on facebook.com
    Rebecca Sizemore Estep

    mommiesgotfivechildren at hotmail dot com

    ReplyDelete
  11. I liked your page on facebook.com

    http://www.facebook.com/SusanHeimOnParenting?sk=wall
    Rebecca Sizemore Estep

    ReplyDelete
  12. I am following you on Networked Blogs.

    mommiesgotfivechildren at hotmail dot com.

    ReplyDelete
  13. I am a subscriber to your emails.

    mommiesgotfivechildren at hotmail dot com

    ReplyDelete
  14. I am following you on GFC

    Buttons and Bows
    Rebecca
    mommiesgotfivechildren at hotmail dot com

    ReplyDelete
  15. http://mommiesgotfivechildren.blogspot.com/

    Your button is on my blog at the bottom of the page.

    mommiesgotfivechildren at hotmail dot com

    ReplyDelete
  16. Did the survey, and I wanted to become a nurse, and did!

    cgclynsg0 at gmail dot com

    ReplyDelete
  17. Follower via GFC

    cgclynsg0 at gmail dot com

    ReplyDelete
  18. Entered the Wonka giveaway.

    cgclynsg0 at gmail dot com

    ReplyDelete
  19. Entered the Gorton's giveaway.

    cgclynsg0 at gmail dot com

    ReplyDelete
  20. I wanted to a be a farmer LOL!

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  21. My son wants to be a chef. I always wanted to be a teacher or a ballerina. I filled out the survey.

    donnyandshelly at yahoo dot com

    ReplyDelete
  22. follow both on twitter & tweeted http://twitter.com/atticgirl76/status/88352490168393728

    ReplyDelete
  23. I follow you on GFC

    ReplyDelete
  24. daily tweet http://twitter.com/atticgirl76/status/88567192525869058

    ReplyDelete
  25. When I was four, I wanted to be a nurse.
    royalegacy at gmail dot com

    ReplyDelete
  26. I wanted to be a mommy when i was little Tiffypoot @ (aol.com)

    ReplyDelete
  27. I "like" them on facebook ..tiffypixie ...Tiffypoot @ (aol.com)

    ReplyDelete
  28. I subscribe by email Tiffypoot @ (aol.com)

    ReplyDelete
  29. I follow via Google Friend Connect - Tiffypoot @ (aol.com)

    ReplyDelete
  30. I subscribe by RSS in my feed reader - FeedDemon. Tiffypoot @ (aol.com)

    ReplyDelete
  31. I "like" you on facebook - tiffypixie -Tiffypoot @ (aol.com)

    ReplyDelete
  32. Follow via Facebook Networked Blogs Tiffypoot @ (aol.com)

    ReplyDelete
  33. Tiffypoot @ (aol.com) - I entered giveaway: crayola toothbrush

    ReplyDelete
  34. Tiffypoot @ (aol.com) - I entered giveaway: wonka chocolate

    ReplyDelete
  35. Tiffypoot @ (aol.com) - I entered giveaway: avanti compact fridge

    ReplyDelete
  36. Tiffypoot @ (aol.com) - I entered giveaway: you can do a graphic novel

    ReplyDelete
  37. Tiffypoot @ (aol.com) - I entered giveaway: the wayfinder

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  38. Tiffypoot @ (aol.com) - I entered giveaway: discovery girls

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  39. Tiffypoot @ (aol.com) - I entered giveaway: super diaper baby

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  40. Tiffypoot @ (aol.com) - I entered giveaway: beanie and headband

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  41. Tiffypoot @ (aol.com) - I entered giveaway: dinosaur book

    ReplyDelete
  42. Tiffypoot @ (aol.com) - I entered giveaway: gevalia

    ReplyDelete
  43. daily tweet http://twitter.com/atticgirl76/status/88971775525916673

    ReplyDelete
  44. daily tweet http://twitter.com/atticgirl76/status/89301516472696832

    ReplyDelete
  45. daily tweet http://twitter.com/atticgirl76/status/90409370084589568

    ReplyDelete
  46. My son wanted to be a teacher.

    Thanks!
    Jenn
    learnquilling@gmail.com
    I Love Making Tutus

    ReplyDelete
  47. I liked Sallie Mae on FB!

    Thanks!
    Jenn
    learnquilling@gmail.com
    I Love Making Tutus

    ReplyDelete
  48. I liked Susan Heim on Parenting on FB!

    Thanks!
    Jenn
    learnquilling@gmail.com
    I Love Making Tutus

    ReplyDelete
  49. tweet https://twitter.com/atticgirl76/status/90783870269661184

    ReplyDelete
  50. My daughter wants to be a rock star

    ReplyDelete
  51. My son wants to be in the military.
    erma2164@sbcglobal.net

    ReplyDelete
  52. I wanted to be a teacher
    BethH122@yahoo.com

    ReplyDelete
  53. Follow you on gfc
    BethH122@yahoo.com

    ReplyDelete
  54. I did the survey.
    My youngest son wanted to be a baseball player. When I was a child, I wanted to be a librarian.

    kg4rmt at arrl dot net

    ReplyDelete
  55. i wanted to be a doctor when i grew up
    susansmoaks at gmail dot com

    ReplyDelete
  56. took the survey and I wanted to be an archeologist when I grew up. trinitygsd at yahoo dot ocm

    ReplyDelete

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