Join GradSave's $1000 Challenge & Win Cash!

To help families jump start their college savings, GradSave just launched the $1,000 Challenge, an online contest in which the first 10 people that reach $1000 in their college savings deposits between 8/20 and 9/30 will each win $100 cash credited directly into their GradSave accounts. Winners will be announced on Tuesday, October 2, 2012.

If you are already planning to save for your child's higher education, get in the challenge right away and you'll have a good chance of pocketing that $100 in FREE college funds. Even if you don't have any disposable income that you can set aside for college, you could get started by enlisting financial support from extended family members and friends. And that's exactly what GradSave is there for!

GradSave is the premier online college savings registry, which allows children and their parents to easily connect with friends and family via social media and email in order to receive gift contributions for holidays and birthdays, instead of toys or clothes. Parents can start saving for college immediately and link their 529 or college savings plan when they’re ready. Friends and family would love to give the Gift of Education, which will benefit their beloved child for a lifetime.

Follow these three simple steps to join the challenge:

1. Start a college savings registry for your child on www.gradsave.com;

2. Share your registry via Facebook, Twitter and email and asking family and friends to help you reach the $1000 savings goal.

3. See money coming into your college savings account. Be prepared to be amazed by the effect of "crowdfunding college" with the power of social media!

Since this is a competition, the earlier you start, the more likely you'll be among the first to complete the challenge and WIN! Act now and good luck!

Disclosure: I was compensated for my time for writing this post. All views and opinions expressed are my own and may differ from yours. Please visit the sponsor site for more details about the contest.