| Business Finance | Personal Finance | Finance Jobs |
| Online Finance | Finance Management | Development Finance |
|
Savings Bonds: A lasting gift for Kids by Idun Rebahn http://www.fsmbonds.com The next time you find a birthday for a child rolling around, instead of visiting your local toy store for another doll, video, game, or action figure, think about giving him or her the gift of the future. A U.S. Savings Bond is the perfect gift for that special son, daughter, niece, nephew, grandchild, cousin, or friend. The gift recipient may not quite understand the meaning behind a bond, but as the bond grows in size, he or she will be delighted with the thought behind your present. Many individuals give children savings bonds on birthdays, holidays, or as praise. Whatever the cause, there is never an occasion needed to purchase U.S. Savings Bonds. Bonds have been popular since the 1940s during World War II. Sales of War bonds crossed all limits as celebrities, politicians, and war heroes bought war bonds eagerly. Savings bonds are very much like the war bonds of the 1940s, the only difference being that instead of benefiting the War Department and subsequent military effort, U.S. Savings Bonds benefit the Treasury Department and directly aides the financing of the United State's borrowing. When you give savings bonds as gifts to your children you are not only being patriotic by supporting your country and letting your money work for the bond's recipient, but you will also get the opportunity to educate the child about money, interest rates, and the Treasury Department. The same website that allows you to purchase your savings bond also has a special section devoted to children. Kids can log on and calculate rates, see how much their gift will be worth in a few years, and learn about the bond process. Also, the bonds are quite attractive and can be framed for a unique way to keep the bond safe. Savings bonds offer monetary benefits like no other financial instrument. The interest accrued on these is completely exempt from taxation: both local taxes and state taxes. You can also choose to defer the payment of the accrued Federal taxes till the bond matures or is cashed. A savings bond is a much better bet than giving the child some cash or a check, which can be stolen, destroyed, lost or just simply spent. The United States totally backs these bonds, so the money is very safe and guaranteed for life, as long as the bond has not been cashed. |