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The Joy of Bonds

June 19th, 2007 at 05:12 pm

My parents bought a lot of bonds in my name about the time I was born. The amount they paid for the bonds was $2,100. I cashed the bonds in today and they were worth $4,730.42

I added that to my savings.

They were all EE bonds so I had 12 years for some of them to mature still. But I needed the money to cover whatever scholarships don't for college, which will be billing me in just over a month.

I want to buy some more bonds at the end of this year but I know absolutely nothing about them. Time to go do some googling!

2 Responses to “The Joy of Bonds”

  1. disneysteve Says:

    There can be tax breaks if you use bonds to pay for college so be sure to check into that at tax time.

    Go to savingsbonds.gov for all your savings bond research.

  2. Cassandra Says:

    I didn't know that you can get a tax break for using the bonds to pay for college. Thank you for the link, Disneysteve!

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