Get a $150 Referral Bonus When You Become an Uber Driver

If you’re considering becoming an Uber driver, NOW is the time!

The referral bonus for new Uber drivers has traditionally be lower, at $50 in most cities, but Uber has increased the new driver referral bonus to $150 in many cities! The bonuses vary by city, so it may be more or less in certain cities. Become an Uber Driver

It’s very easy to get started, and there are only a few steps you need to take to get paid your bonus:

  • Sign up here
  • Upload all required documents to their partner dashboard
  • Get vehicle inspected
  • Complete 20 trips (this number varies by city, but should take about 3 hours of Uber driving)

When I signed up, I got paid a $50 Uber referral driver bonus after just the first Saturday night of driving for Uber. It couldn’t be easier to earn the bonus, so sign up now!

The whole process is pretty quick, and if you have any questions about the approval process, leave them below. I’m happy to answer them for you!

So what are you waiting for? Sign up to become an Uber driver here and get your $150 bonus now!

Uber Sign Up Bonus

When to Start Saving for a Child’s College Education

When to Start Saving for a Child's College EducationChildren are expensive, we have a 1 year old daughter, and diapers, toys, clothes, and daycare add up very quickly. But one of the larger expenses associated with kids is their college education, which means that considering how that will work is imperative. Consider the following points about saving for a child’s college education.

For the 2015-2016 school year, the average in-state on-campus public school costs came in at $19,548 for a four-year public school. That number climbs to $34,031 when a student is attending school out of state. Private schools cost an average of $43,921, while a two-year public commuter school was “just” $11,438.

Realistically, the earlier that you can start saving for your child’s college the better. The longer you allow money sit in a 529 or other investment account, the more interest you can make from it. If you start saving money when your child is just a baby, $5,000 can turn into $19,980 over a period of 18 years. assuming an 8% interest rate. If you started with $5,000 and contributed $100 each month, that account would balloon up to $68,500 by the time your kid is ready for college. But the truth is that the monthly payments are more important than the initial amount, so even if you don’t have $5,000 to stash away now, all hope is not lost. If you had $0 saved now but contribute $100/month for the next 18 years, that would result in a whopping $48,500!

Start Saving as Soon as Possible

The simple answer to the question about when to start saving is to start saving as soon as possible. But in reality, that’s not always possible and there are other priorities in many people’s lives that push saving off until that promotion or raise comes. If you’ve got a child who is 10 years old, you’d need to sock away $350/month for 8 years to hit the $48,500 mark. This just underscores why saving early and often is so important!

Of course, not everyone needs to pay for their children’s college education. I think it’s very important for students to have some “skin in the game” when making college decisions, and it can often lead to your kids taking school more seriously. Hopefully they make smart decisions and go to cheaper schools, but taking out some student loans to cover the cost of education doesn’t need to be avoided at all costs.

But Always Put Yourself First

Most parents would prefer that their kid isn’t entering the job force with debt hanging over their head. As many as 70% of students do end up taking that route. For example I had about $25,000 in student loan debt when graduating. Have your child investigate scholarship opportunities, too!

Keep in mind that your own savings are important to protect as well. You should not be giving up your own retirement account to help pad the college fund. While student loans are always available, the same does not hold true for a retirement fund. Another option is that if you’re in a more secure financial situation when your child has graduated, you can help pay off the student loans.

4 Simple Ways to Prepare for the Financial Future of Your Children

You want the best for you children, not just while they are living under your roof but for long after they leave the nest as well. The years fly by, so it is important to have a plan in place to help teach and educate them in the ways of the world. Naturally, this involves a great deal of financial planning in order to ensure that they have the resources to be successful when they set out on their own. No parent likes to think about the day when their children leave home, but consider the following four simple ways to help prepare for your children’s financial futures.

College Planning Begins Now

Far too many young adults today are saddled with a lifetime of student loan debt. As a parent, you might not be able to afford the full cost of a college education today, particularly given the skyrocketing expenses for tuition, room, and board in some countries. That being said, you can begin planning now to pay for that education with a 529 tax advantaged savings plan. This will help provide much of the money your children will need when the time comes for them to go away to college, which means they will have to rely less on those pesky student loans. This will set them up for a bright beginning to their financial future as they will not be riddled with debt immediately upon graduation.

Open a Roth IRA

While teenagers do not generally think about retirement at their age, you can help show them that it is never too early to plan. In fact, as soon as your children begin to work you can help them open a Roth IRA and allow them to start seeing the value in investing. This is a great educational opportunity, as you can do this right alongside them. You can set them up with an account, help them make regular deposits that they are comfortable with, and then show them how they can monitor its progress.

A Roth IRA has several advantages at this stage in life as opposed to a traditional IRA. Since we are looking at a long time span before retirement, and your child likely does not earn enough to pay much in the way of taxes anyway, the tax-deferred status of a traditional IRA just does not make much sense. To take advantage of tax savings, it is much more valuable to contribute to a Roth IRA and have your children enjoy the tax-free status decades down the road when they begin drawing out of their retirement. With an estimated 4 in 10 Americans currently without any retirement savings to speak of, this is one of the best ways that you help prepare for your children’s financial future.

Help Supplement Their Savings with Bonds

To teach the value of diversification, consider savings bonds as a way to help supplement your children’s financial portfolio. While they may not offer the same type of interest as stocks or mutual funds, they continue to hold great value as a long-term investment. This is what you are aiming for, as you want your children to learn that some of their savings simply should not be touched for years. Savings bonds will help accomplish just that objective.

Open a Bank Account

As soon as your child begins to earn any money at all, whether from an allowance, cleaning up the neighbor’s yard, or their first job, you can open a savings account for them at the bank. Let them decide how much money to put away each time they get paid. Do not discount online banks either, as many offer accounts for children with very low fees attached. Your children can then access their account at any time and watch their savings grow over time. If you start this early enough, your children might just have enough saved up for rent or a down payment on a house once they get ready to move out.

The Future is Now

As you can imagine, there are many ways to plan for your children’s financial future. The key is to begin today. Do not wait, as those precious years will fly by and you can wake up one day realizing that you have missed your opportunity. Financial education is a gift that your children will grow up to appreciate. Starting with these four strategies can help you rest easier at night knowing that you have done what you can to help the financial future of your children be bright.

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