Buying Bonds For Kids

The one fear that most parents have is the idea that they will not be able to give their children everything that they need. It is our wish to make sure that they always have something to eat, clothes to wear, and a home that they can stay in. We work hard for years in the hopes that one day we can also help to pay for their college tuition.

There are ways in which we can save up for college or give them some money when they turn 18. This money can be used to help them get on their feet when they move out and not too feel so overwhelmed by all the changes. one of the best ways to do this is to purchase bonds.

There are several ways in which you can purchase bonds. The easiest way would be to visit TreasuryDirect.gov. there you can purchase commission free bonds. You can also purchase them electrically and receive them quickly and easily. The most preferred method is to visit your bank and to purchase them in this way. They will take down the information and you will receive the bond through the mail after a few weeks.

When buying them for your kids you can keep them safely hidden away until they are 18. If they are a bit older or you would like to teach them how they can help than you can give it to them through the ‘gift box’ feature. This cannot be accessed until you open an account with the TreasuryDirect.

The bond should be kept in your account until the child is old enough to have it. In order to give it to them you must make an account for them using their full name and social security number.