*this is a sponsored post, but as always, the views and opinions on LACityMom.com are my own.
Thinking about how much it will cost to send my two kids to college is enough to make my head spin in spite of the fact that they are still years away from enrolling. Still it’s never too early to start saving, and that’s why I am delighted to tell you about a fantastic holiday giving (and receiving) idea. Leaf College Savings Gift Cards are such a clever product. You can buy a Leaf College Savings Gift Card for as little as $25.00 dollars, or as much as $1000.00. Through the web site, you can purchase a card to be gifted and sent by snail mail or in an e-mail to a friend, family member, employee, or colleague and the cash value can be deposited into any 529 Education Savings Plan of the recipient’s choosing. Purchasers pay a small issuance fee. Recipients pay no fee at all.
LEAF College Savings gift cards are issued by CBW Bank, Weir, Kansas. Member FDIC. When you purchase a LEAF Gift Card, the funds go directly into a custodial account held by the bank in your name (for online purchases). When a recipient, or their parent, creates an account at LEAFsavings.com and redeems the gift, the bank moves the funds into an account held by the bank in the redeemer’s name. Both accounts are insured by the FDIC.
Kids today have so many toys and gadgets that they play with for a few months and then often lose interest in. A Leaf Savings Gift Card is a lasting and meaningful gift. It could be a stocking stuffer, a high school graduation gift, a birthday or a bar mitzvah present. It’s less awkward than giving actual cash, and it’s insured. It makes a very thoughtful baby gift as well. How many baby blankets does your best friend’s new baby really need? But a kick-start to a college fund is a gift she’ll appreciate for years to come.
One other aspect I really like about the cards is that they provide a very tasteful and secure way to solicit financial contributions for your child’s education from Grandparents, Aunts, Uncles, God Parents, and or employers. Money is not always an easy topic to broach, but imagine the following:
“What do the kids want for Christmas?”
“Well, I just set up a 529 Education Plan for the kids…and I was thinking, for Christmas this year, a gift card could be a great idea. Even one for $50.00 would be a terrific start.”
You can customize the cards with an uploaded photo or pick one of Leaf’s pretty designs. If on every Christmas, Hankkah and Graduation, all the loved ones in your child’s life gave a Leaf Gift Card it would certainly make his or her 529 Savings Account grow. And, as with all savings accounts, the sooner you start the better off you will be in the long run.
Now, what if you don’t have a 529 Education Savings Plan yet? No problem. You can still give and receive Leaf Gift Cards, redeem them, and have them poised to be deposited in your child’s account until you’ve set up a 529. (You can open a plan in any state you chose and opening one costs as little as $25.00)
Also, if you’re a business owner LEAF makes it very easy to contribute payroll deductions to employees interested in college savings plans, or also potentially match employee contributions to a LEAF account. That’s a pretty enticing way to boast a “family friendly” workplace.
Every child deserves a chance to go to college. Leaf College Savings Gift Cards are innovative and thoughtful gifts for giving or receiving this holiday or any season!