Backer: Smart 529 Savings Reviews

Backer: Smart 529 Savings Reviews

Published by on 2023-12-04

About: Welcome to Backer! Create a college fund for a kid you love, invite family &
friends to chip in, and watch your savings grow. Join the 100K+ parents and kids
we’ve already helped avoid over $500,000,000 in future student debt.


About Backer


Welcome to Backer! Create a college fund for a kid you love, invite family & friends to chip in, and watch your savings grow.

It’s free to start saving tax-free (our “Steady” plan), or you can pay a low monthly fee for premium features including a head start on your savings (a “Backer Boost”).

Disclosures: This app is operated by Principly, Inc., an SEC-registered investment adviser using the trade name Backer.

Head over to help.backer.com or reach out to our team at [email protected] with any questions.

Studies have shown that having even a bit of college savings can propel a young person toward the college of their dreams.

Add some details to your kid’s college fund page, then share it with family and friends.

Investing involves risks, and any account you open or send money to may lose value.

With Backer, you can supercharge this effect by building a team of supporters (“backers”) for your kid.

When families support each other financially, they are much more likely to reach their savings goals.

For disclosures, see backer.com/legal. "Backer" is a registered trademark of Principly, Inc.

In fact, Backer families who save together end up saving 4x more.

Your account is protected with the strongest available browser encryption and secure servers monitored 24/7/365.

Join the 100K+ parents and kids we’ve already helped avoid over $500,000,000 in future student debt.

Investing in 529 plans in particular involves certain tax considerations and related risks.


         


Overall User Satisfaction Rating


Positive experience
85.9%

Neutral
29.9%

Negative experience
14.1%

~ from Justuseapp.com NLP analysis of 440 combined software reviews.

Key Benefits of Backer

- Easy to use interface

- Simplifies the process of setting up a college savings fund

- Allows for easy sharing of the fund link with friends and family

- Provides a way to keep track of contributions

- Offers a meaningful, long-term gift option

- Provides peace of mind for parents and backers

- Beautiful and positive app design




20 Backer Reviews

4.7 out of 5

By


Upgrades needed

Backer and savings is great. I just wish it was possible that they a deposit account were I can direct deposit to every week or two weeks. It is like putting my account on auto pilot. Growing the account faster. Because waiting for the one withdrawal a month is lame. Something may happen and you need that money. Also, wish that they could withdraw the money much faster. Like other app withdrawal instant or that night. Faster ACH processing. And connected to plaid to make deposits to the account.


By


Ok with simple transactions

I haven’t had a problem with the initial monthly contributions into my kids accounts. That’s the only thing that has been easy. I have not had a problem-free experience with any gifts we’ve given or received! Gifts are emailed as given, but cancelled with no notice or reason, or the recipient doesn’t receive an email that they were given a gift. Gifts aren’t applied to the correct account. You REALLY have to stay on top of it. Seems like customer service helps, but also stay on top of anything they’ve “resolved” as I’ve found I’ve had to ask about the same issues multiple times and some are still not resolved.


By


Great service but marginal app

I started a 529 for my daughter via this app but have been frustrated by bugs or missing components in the iPhone app. For instance, I cannot save any edits I make to my profile and there is no gear symbol to update my daughter’s profile like in the desktop web-based version. In fact, at this time, the “Save” button doesn’t work on any version of the this app platform. This is an elementary stuff, please fix your user interfaces!


By


Great Platform for Gifting to Friends’ Kids

The web platform was already great, but now I can just donate to friends’ kids for holidays and birthdays right on my phone with a better experience. Plus, I can see all the accounts I’ve donated to. It’s pretty awesome, and makes donating and keeping track of your contributions fun.


By


Amazing savings app

What a beautiful app. Love the fresh new look and intuitive interface! It’s made saving for our kid so easy. It let me add my partner to help manage the fund. Best of all we get a link to our kid’s fund so that it’s simple to collect gifts for her birthday. Keep up the great work!


By


Easy way to save for college

Backer makes it easy to start a college savings fund for a child or future child. It also makes it easy to share a link with friends and family who can donate.


By


Watch out YOU PERSONAL INFORMATION privacy policy!!!

WHAT DOES COLLEGEBACKER DO WITH YOUR PERSONAL INFORMATION?

I just read Terms of Use Privacy policy before to Sign Up to see what types of customer personal information and to whom they can share my personal information.... Horrible ....

!!! Social Security Number , Tax ID number and transaction history

!!!Account balances and payment history

!!!! Assets and income

- “ For joint marketing with other financial companies“ - ;((( ?!?! ...

and

- “such as to respond to court orders and legal investigations, or report to credit bureaus”

“When you are no longer our customer, we continue to share your information as described in this notice “ - this is exactly wording from Privacy Policy .

CollegeBacker.... Really ???


By


New baby, thinking ahead

As our family grows with a new baby on the way, I’ve been starting to think about their future. Heard about college this app through a friend, and it seems to simplify things a lot. Love it.


By


Finally a simple 529

I’d been delaying setting up college funds for my niñas for years because I thought it’d be too complicated, so I was excited to hear about CollegeBacker from a friend. Relieved they made it so easy to do this!


By


Perfect for a grandparent

So much of modern technology is hard to use, but this is as simple as can be. I’m a “this app” for 3 grandchildren and can keep track of my contributions. It’s nice to be able to give a meaningful, long-term gift like this.


By


Perfect

This is great. Made is so easy to just set up a quick way for family member to pay into my kid’s college account. I’ve been looking for something like this exactly. Very clean app, works great.


By


Just what my family needed!

I honestly felt scared to start the process of saving for my son’s college education - but College this app made it so easy to roll up my sleeves! Now we have a plan - and peace of mind! Love Backer !


By


Thanks for making it so easy

Was always intimidated by the process to setup a 529 but CollegeBacker makes it so easy to setup an account and get started. Amazing user experience!!


By


Amazing product in a capitalist world

So excited for CollegeBacker and appreciative of the team for building an incredibly beautiful and positive app. Here’s to education and preventing future generation from their student loans crisis.


By


Keep track of grandkids

It’s hard to keep track of my grandkids across 3 states, but CollegeBacker helps me stay connected. I have annual birthday contributions set up.


By


Saving for college is easy

Simple to use app that makes saving for your kid’s college education easy.


By


Page won’t fully load

I cannot contribute because as soon as I get to the financial portion, the page loads only a fraction of the viewable information. Half the screen is cut off vertically in Backer . Wish I could upload the image here. Please fix the bug.


By


Fantastic

So easy to use, great customer service.


By


Surprise - there’s a fee

I wanted to use this to link to my existing NY 529 plans that have no app. Easy setup and link - all good. After linking, it forces you into choosing a monthly fee to continue. They get all your data and then surprise, they want $2 a month.


By


Objection.

I object to the $4.50. The added “tip” to my donation of $50.00


By


Awesome

I have three kids and setting college saving plan for all of them only took me about 15 minutes. I meant to start saving for years, but everything seemed very complex and required hours of my time. And time is precious when you have three kids. Five stars!


By


Love this app!

From start to finish took me around 5-7 minutes. Before Backer, I had never heard of it, but Backer is the easiest and most efficient way to start one. Makes saving money for your kids really easy!


By


New App

It took me all of about 5 minutes to register and start saving for my kids college. I have been worrying about how to fund my 2 young kids college expenses. While I have a lot more savings to do, It feels great to have an early start!


By


Amazing customer support

I had a couple of issues during the setup process, but the Collegebacker team was super responsive and helpful. I'm now up and running for my two kids.


By


Solves problem

I just got done paying off my student loan debt and was looking for a way to prevent my kid from having the same problem. I'm confident I'll be able to afford college thanks to CollegeBacker.




Is Backer Safe?


Yes. Backer: Smart 529 Savings is very safe to use. This is based on our NLP (Natural language processing) analysis of over 440 User Reviews sourced from the Appstore and the appstore cumulative rating of 4.7/5 . Justuseapp Safety Score for Backer Is 85.9/100.


Is Backer Legit?


Yes. Backer: Smart 529 Savings is a totally legit app. This conclusion was arrived at by running over 440 Backer: Smart 529 Savings User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, Justuseapp Legitimacy Score for Backer Is 100/100..


Is Backer: Smart 529 Savings not working?


Backer: Smart 529 Savings works most of the time. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support.



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