This post is part of a series on College Savings Plans sponsored by CHET, the Connecticut Higher Education Trust, Connecticut’s 529 College Savings Plan. As always, opinions remain 100% my own.
The grandmas have been asking what the kids “need” for Christmas since before Halloween. Here I am, trying to juggle prepping Halloween costumes, and our families 3 Fall birthdays, and they’re already talking about Christmas. The truth is – my kids “need” nothing. And they definitely don’t “need” any more toys. But what they could really use is more investment in their future college education. Read on to learn how we are encouraging the grandparents to give the gift of education this holiday season and you can too! Also, don’t miss your chance to enter to win a $50 account contribution to add to your child’s CHET 529 Savings Plan.
Give the Gift of Education this Holiday Season
Over the last few months, I have shared with you the benefits of a college savings plan, and how easy it is to set one up with CHET. I showed you how to automate your monthly contributions, and then how to set your investment allocations. But did you know that once you have a CHET 529 College Savings Plan in place for your child, anyone can contribute to it?
This holiday, since my kids are swimming in more toys than they know what to do with, we are encouraging the grandparent to give the gift of education by contributing to their future college education. CHET makes it super easy to do this, with three simple gift options.
Ask for Gift Contributions
You can send out gift invitations to loved ones directly from your CHET account! Login to your CHET account, select the e-Gift icon, and follow the steps from there. You choose the investment option you want the gifts to go towards, the occasion (birthday, holiday, graduation, etc.), enter the email addresses, and you can even include a letter with your invitation.
Purchase a Gift Card
For friends and family looking to keep the surprise in their holiday gifting, a CHET gift card is the way to go! Purchase a CHET Gift of College gift card online. Choose to send it as an eCard or receive a physical gift card in the mail to wrap and deliver on the occasion.
You can purchase CHET gift cards in denominations ranging from $25 to $300. Beneficiaries redeem the gift cards online and deposit them directly into their CHET account.
Redeeming your CHET Gift of College gift card is easy. Visit: www.aboutchet.com/redeem and follow these steps:
- Register and create a profile with Gift of College.
- Connect your CHET 529 account with your Gift of College account.
- Enter your gift card information through your account profile. (Note: Funds may take up to seven days to show in your account.)
Give the Gift of Education via Mail
Friends and family looking to give the gift of education can also do so directly via mail. Visit CHET’s website and download a blank gift deposit form. Mail this in to CHET along with your check, and then choose from any range of downloadable Gift Certificates to notify your recipient of your contribution. You will need the beneficiary’s account number to make a contribution via mail.
Gift of Education Holiday Giveaway
This holiday season, CHET wants to add to your Gift of College. Enter below for your chance to win a $50 CHET Gift of College gift card. One winner will receive a $50 CHET gift card to be redeemed to their CHET account. Follow CHET College Savings across social media and share this giveaway with friends for more chances to win! Giveaway ends Monday, December 17, 2019.
Gift of Education – CHET $50 Account Contribution
When you think about all the money that is spent on toys your kids ignore 3 months later, it’s all money that could be invested in their future college education! Be sure you are ready to receive the gift of education this holiday: set up your child’s CHET college savings account in minutes, set-up automated contributions, and make your investment allocation selection.
Be sure to follow me on Instagram at @FamilyFinanceMom and my Pinterest Board, Family Finance Mom, for more awesome tips to help you build a financial plan you can really live with!
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