Jul 11 2008
Updates: Coupons are in, and 529 Information came back.
Well I have good news to report folks. The coupons from the coupon clippers are in, and they really are as described and even better. I have 4 coupons for three to four dollars off monistat, but two of them came with a surprise I over looked “Or any ept product“. Do you know what this means? It also works for a hugs range of pregnancy tests, with if in a tight spot the next year would be nice to have available. I also got 5 Cheeerios coupons to send for a box of free Honey Bunches of Oats. Why is this exciting, because after acounting for fees and everything, I have already made the money back on the coupons I’m using and then some. Plus my family never has cold cereal in our budget. It’s a nice treat that will last about a day. So far I spent 11 dollars, rounded up as always, and kept from spending 2.00. However did I really not spent, since my family wouldn’t have eaten this stuff unless it was free or on clearance for 50 cents? No. But I’m sure my kids will be greatful for the cereal. However, if there are items on clearance in the near future, and I use coupons on them, I will have “not spent” on something we would have bought.
Second the 529 Information on matching grants came in. It has left me with a sour mouth. The program makes it virtually impossible with out handing over your tax returns. Not bad except, this means you can’t apply for more than one minor per year. They also don’t give them back! Which also means you can not adhere to an IRS directive requires everyone to have information on file for 5 years. (Not a requirement per se, but if you don’t would you want to be caught in that situation). So in reality, the program stinks, leaves you at risk for tax issues, and leaves out huge populations of families that have more than one child. I would have opened an account if trying to get matching grants wasn’t going to be so hard. The last thing is the limit is 500 dollars in matching grants per year, not bad except the extraordinary work it requires, limited to 5 years for any one beneficiary. Plus, the kicker after they have your tax papers, (aka by the balls) they may decide NOT to grant the matching funds, and will NOT return your tax papers. I say it’s a gimic. Any way here’s hoping you find better ways to invest for college. I still think bonds are safer, even in this awful climate.
