Since I discovered savings bonds around 2000, I’ve been a frequent and steady buyer of them.

There are tons of reasons why they aren’t a great investment. For example, the interest rates are lously (right now the series I pay 2.41 percent and the series EE pay 3.70). Not only that, the government keeps fiddling with the interest rates and redemption periods of the bonds. Generally speaking, the results of this fidding tend to disadvantage people who invest in these bonds.

The upside to these things is 1) they’re cheap. The minimum for an EE bond is $25.00 and for the series I, its $50.00. 2) The risk of default is really low. Unlike lending money to someone sketchy, the change of the government NOT paying you is as close as realistically comes to zero.

But, that’s not why I love savings bonds. The real reason I love them is the paper certificates. I love watching the certificates pile up and feeling like I’m building wealth. Plus, the federal reserve banks send them in the mail. Most of the mail I get is junk or credit card offers, so I have something to look forward to when I come home from the university.

Here is a pic of me, from this morning, with our most recent bond purchases.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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