Groupon is currently offering a $50 Gradsave gift card for $30, which can be redeemed for a $50 deposit into any national 529 college savings plan. So if you’re already meaning to contribute some money towards a 529 plan, it’s basically at least $20 in free money. Thanks to reader Jon for the tip. Gradsave ran a similar promotion earlier and I successfully got it transferred to my daughter’s existing Ohio CollegeAdvantage 529 plan. It may take a couple of weeks.
Expires 60 days after purchase. Limit 1 per person, may buy 3 additional as gifts. Limit 1 per customer, beneficiary, account, savings plan, or 529 plan. Online only. New customers only. Cannot be combined with any other discounts or offers.
You can save a little extra on your Groupon deals with cashback shopping portals like eBates ($10 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs. This should also count towards the Alaska Air promo I posted yesterday.
Also, 529 contributions can be taken out without penalty. If you withdraw any earnings for unqualified expenses, then you will be subject to income taxes as well as a 10% penalty. You can even set yourself up as the beneficiary if you have qualified educational expenses now or coming up (computer equipment counts if you’re a student). I’m just tucking it away for the kiddo.