Investing in Your Child's Future... Page 2
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3) Savings Bonds:
A popular gift from grandma and grandpa, EE Savings Bonds are a conservative way to invest
for children. Savings Bonds are sold at half their face value and can be redeemed for
their full value after the bond reaches maturity. Denominations range from $50 to $10,000.
If used to pay for college tuition, savings bonds are also free from federal, state, and
local taxes. Otherwise they are only free from state and local taxes -- federal taxes can
be deferred until you redeem the bond.
Ask you local bank about purchasing savings bonds. For more information or to buy savings
bonds online, visit U.S Savings
Bonds Online.
4) Personal Finance Books:
Dr. Tightwad's Money-Smart Kids
Money
Doesn't Grow on Trees
Kids
and Money
Allowance
Kit, Junior!: A Money System for Little Kids
Round
and Round the Money Goes
The
Go-Around Dollar
Mom,
Can I Have That?: Dr. Tightwad Answers Your Kids' Questions About Money
5) Personal Finance Software:
Quicken 2000
Kiplinger NetWealth
6) Sites for Kids/Young Adults:
YoungMonthly
The Motley Fool
7) Related Links:
Children Calculators:
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• How much will it cost to
raise a child?
• What's it worth to reduce
my spending?
• Should my spouse work too?
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