Upromise = Completely Passive Income

The last time I wrote about Upromise was to tell you how I requested a check from them. Upromise is promoted as a way to save for college, but in reality, the money that accrues in your account can be used for any purchase you want.

Upromise has made it much easier to withdraw money since the last time I did it. Back then the instructions on how to do it were hidden on the site and it was kind of a secret that the money could be withdrawn at all. Now, when you visit the Upromise site, you can click on a 'Use Your Earnings' link and four choices come up:

1. Pay Down a (Sallie Mae Student) Loan
2. Invest in a 529
3. Give to Others (your family or friends)
4. Collect a Check

When you choose option #4, it opens up a form that you can print off and mail or fax to Upromise. I just requsted my second check in the amount of $63.06. I'll update you when I receive it.

Now onto the topic of this post. Upromise is a legitimate form of passive or residual income. Once you've signed up and registered your grocery store reward cards and credit/debit cards with them, the rest of the savings will happen completely automatically.

For instance: our favorite pizza place, which happens to be about a mile from our home, is one of the Upromise restaurants. So every time we pay for our pizza there with a registered credit or debit card, we get a little rebate in our Upromise account. I don't even have to remember to do it. The last credit to our account was 55 cents for pizza we were buying anyway.

The same thing happens at the grocery store when I buy an eligible product from Coca-Cola, Kellogg's, or Del Monte. I don't adjust my shopping habits one bit but because my grocery rewards card is registered with Upromise, I get the rebates.

So while I've only earned a little over $200 from Upromise, the only time I've spent is registering for the site and requesting and cashing my checks. Not a bad deal at all.




Related info:

My other favorite Online Savings Site