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The Joy of Bonds

June 20th, 2007 at 12:12 am

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!

Posted in Misc. | 2 Comments »

2 Responses to “The Joy of Bonds”

  1. disneysteve Says:
    June 20th, 2007 at 01:52 am 1182304330
    1182304330

    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:
    June 20th, 2007 at 03:04 am 1182308666
    1182308666

    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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