These days, a lot of parents are opting to do a no-gift option for their children’s birthdays. I can totally understand the reasoning because when a birthday comes, the child ends up receiving an abundance of toys that they truly don’t need. Instead of putting “no-gifts” on the invitation, another option is to suggest that people contribute to their GradSave account, as it will allow them to eventually have a fantastic college education!
Use GradSave as a smart alternative to birthday gifting. Just create a College Savings Registry for your child at GradSave then include the link on your party invitations, Facebook, etc. Once you reach $1,000 in College Savings Gifts, as many other parents have, we will pay $100 towards the cost of the birthday party!
Everybody wins. You kickstart your College Savings, No more unneeded gifts, your child gets College savings and finally, you get $100 to help pay for the birthday party.
How it Works
Then Plan Your Party
Open your GradSave college savings registry and start saving.
Include Your Child’s Profile Link in Your Party Invitations
Click here to see a couple of examples of successful birthday parties.
Contribute yourself and invite family and friends to also contribute to your College Savings Registry.
Claim Your Prize
If you reach $1,000 in the 60 day window we’ll give you $100 to use towards your college savings or to pay for your birthday party. Click here to claim your prize.
Interesting idea! We invest in our kiddos with universal life insurance so they can use the money later for something besides college in case they don’t want to go – like a business or a house.
I’ve seen this concept floating around a lot lately. Looks pretty interesting… I have a college account for my son, but maybe I should open a second one too..
Hi Ashley – GradSave is actually a registry where you can invite friends and family to gift into an existing or new college account. You really don’t need a second account, just register at GradSave and get family and friends to gift into it.
If you, grandma, and 2 other relatives or friends each save $25 per month, that will be $35,000 by the time your child is ready for college.
I think this is a really great plan. With the cost of education, it definitely needs a lot of planning. 🙂
Such a great idea. As someone who had absolutely 0 savings for college, I understand the importance of this!