"A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained. It requires some training, perhaps, to accomplish this economy, but when once used to it, you will find there is more satisfaction in rational saving than in irrational spending. “- by P. T. Barnum
What are savings bonds?
They are interest bearing bonds that are government issued. It is an alternative of a regular savings account or CD's (certificate of deposits).
Why you should get them?
-You do not have put a lot of money, usually as little as $25 to get a savings bond.
- They are highly liquid, which means you can cash out of your bond easily in case of an emergency.
- No paying taxes! One of the greatest benefits acquired from investing in savings bond is tax exemption. The interest amassed on savings bonds is free from all state and local income taxes.
- There is a diverseness of savings bonds offered. Do a little bit of market research to find out which one suits you.
Where do I get more information?
Savings bonds are something worthwhile to look into in your journey to save more money. Get at it now!