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Savings Bond Payday

June 6th, 2006 at 02:23 am

So my Dad just called from New York, where he's visiting relatives. He's cashed in my savings bond that I was given when I was born and it came to almost $500...once I convert this into Canadian funds it will be closer to $600...no small potatoes for my Challenge. I would like to have a plan for this money. It was given to my by my grandparents, who have both passed away, and I don't want to see it engulfed into the general account and frittered away on who knows what!

The problem (???) is that there isn't anything that I really need or want! I guess for now I'll just hold onto it.

Where do you keep your challenge money? I currently have almost $200, and it's in my drawer in a special red envelope!

3 Responses to “Savings Bond Payday”

  1. Thrifty Ray Says:
    1149569660

    I keep mine in an ING account.

    I think it is wonderful that you want to hold onto that money....Your grandparents probably worked hard for it...and were probably very proud the day they purchased the bond for their grandchild.

    Something special will come along...and you'll know it when you see it...until then, savor!

  2. Ima saver Says:
    1149601602

    I keep track of it on paper, but I put the money in my savings account to earn interest!

  3. robex Says:
    1149633834

    I think I'll probably open up a separate savings account and start putting the money in there...it's making me nervous having it sit around at home AND it's tempting to borrow from it!

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