Chase is 4 and Ive been buying Bonds for him Since he was born

He has

59 Bonds

$2,737.50 Invested

Todays Value is $2,961.81

Interest Gained has been $224.31

I buy both I and EE , I Put $40 a Mth in a Special Account for him and a few times a year i go in and blank it out with bond purchases

He will get them when

#1 He Gets Married
#2 Goes To College

I Will Stop buying them when he turns 13 so there all mature when he is 18

He Told me today he wants to kill bad guys ,

Whats been your alls experience's with bonds ? Cashing them in ect ???

 

my dad also bought me a bunch of bonds growing up....
he told me it was to either put a down payment on a house or a lobster boat..
since the lobster boat pays for the house. i want them... but he won't give'em up...

 

Thats Real Cool , I think Chase is going to crap when i hand him a big ol' stack of em

 

yeah, he's helped out alot growing up..

what would this world be with out good dads?

 

dang, this all woulda been nice when i was growing up, what is the bond supposed to be worth when it matures?? why not toss all that money in a 15 year C/D, might get a better return.

 

i dunno to much about them.. but i think there are different bonds.
my farther told me after mine are matured they keep growing.. unlike a traditional savings bond..

 

My mom bought me a savings bond every six months from the time I was born until I was about 15. I paid for 4 1/2 years of college... Tuition, books, dorm, etc. and still had enough left over for a decent car and some spending money when times got tight.

Usually, with 10 year bonds they have a 100% return... Pay $100 today and get $200 in ten years.

When I was in college, I only worked summers so I had hardly any income. The interest from the bonds I cashed kept my income low enough that I didn't have to pay taxes on it either.

I'd recommend getting bonds for kids. It may not seem like a lot at the time, but by the time they are 18, it comes out to a pretty good chunk of money.

Just my 2 cents...

 

bonds are old school and dont pay out that well.
My wife and I took out life insurance plans for the kids. so at the age of 18 they are eligible to take out up to 50K and only pay interest back or something like that.

but logan is right a 15 year c/d is much better return

 

My grandparents bought bonds for me while growing up. My father cashed them in to pay for my braces and gave me back the cash w/interest when I turned 16. I used that money to get my pilots license at age 18.

Worked good for me.

I had three bonds for my kids. I've since cashed them in and put the money is a growth fund for them.

 

They are worth face value when they mature. If you buy a $50.00 bond today for $25.00 in 10 years it'll be worth the $50.00 face value. Sixpack