Tuesday, December 4, 2007

Charging It Can Put Your Child Through College

PHILADELPHIA (Wireless Flash - FlashNews) – Spending money may actually help you save for your child’s college tuition.

That’s the idea behind Futuretrust, a MasterCard-linked college savings program that puts 1 percent of cash from your retail purchases directly into a government 529 college savings plan.

Entrepreneur Rebecca Matthias – who owns a multi-million- dollar maternity company called Mother’s Work – is the president of Futuretrust, and says the credit card is a smart and easy way for parents to continually put money into their kids’ college funds.

The card is linked to preferred stores like Sears, Target, Linens-N-Things, and KB Toys, so that every time you use your card to purchase something from those stores, you get anywhere from 1 to 10 percent cash back that goes right into a pre-set 529 college savings account.

For the most lucrative results, Matthias suggests parents set up a Futuretrust card and 529 account as soon as their kids are born.

Matthias explains, “If you buy sheets for your baby’s crib at Linens-N-Things, 4 percent of your purchases go into their college savings. You’re saving while you’re buying things you need anyway.”

Matthias says Futuretrust is also a good way for parents to feel guiltless about their own personal purchases.

She adds, “Every time my daughter and I are shopping we joke about the card. If I buy myself something I say, ‘Honey, this isn’t for me, it’s for your education’ – and it is!”

To start saving, visit futuretrust.com.

(Contact numbers available only to subscribing media or trial media users. You can request samples at the Wireless Flash web site.)
Copyright © 2007 Wireless Flash News Inc. All rights reserved. Wireless Flash® and FlashNews® are registered trademarks of Wireless Flash News Inc.