This is a GREAT money making post! The bigger your family is, the more you can earn. I haven’t posted a bank bonus in a while, but they are one of my favorite ways to earn easy money. This one is even better, because it is for your children’s (or your) college account and it is unlimited!
A 529 is a tax free way to save for college. This one is for the Ohio 529 (you can get them for any state and each has their own rules). Everybody is eligible! You do not have to live or go to school in Ohio. One of the really nice things about the Ohio 529 is that they offer Vanguard funds, which have super low fees (and so your money grows faster).
A few things to note. A beneficiary can have more than one account in his or her name. You just can’t have more than $331,000 for one beneficiary (umm, seriously – that is the limit so don’t try to put any more than that in, LOL). You, your spouse, grandparents, etc, etc can open an account for every family member in your household.
If the beneficiary does not go to college then you can change the beneficiary to somebody who will go to college or withdraw the money (you will pay taxes on it if you withdraw it for reasons other than college).
Here is how you can do this:
STEP ONE: Open an account here. You will need all your information that is typical of a bank account opening (including social security numbers). If you do not want to put this info over the internet then you can request an enrollment kit by mail.
STEP TWO: When you get to the referral code use 2504186. That will get you started and when you fund your account with $25 you will get another $25.
STEP THREE: Send yourself your own referral after your account is open. Open another account using that referral for another child/yourself. The first account you opened will get $50 and the new account will get $25 (when you fund that account with $25).
STEP FOUR: Repeat step three for as long as you have family members who can use it. You can then refer your spouse, grandparents, etc to do the same thing!
At the least (open one account for one child) you will get $25 for funding the account with $25. If you have 2 children then you will get $100 for funding $50 (two $25 accounts). For three children you will get $175 for funding $75 (three $25 accounts). And so on…
Even a $50 account for a baby ($25 of your own money) should be worth about $216 by the time they are eighteen years old. Every little bit helps!