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Having “The Talk” About Making Your Money Work Harder: Part 2 – Savings Bonds

Welcome back to our five part series on making your money work harder! If you remember, this series is part of a BIG conversation I had with J where we talked about other ways to invest his money beyond the Bank of Mom.

In part 1, we talked about savings accounts and now here’s a recap of our conversation on savings bonds.

What Are (Savings) Bonds?

In the most simple language possible, I tried to explain that a savings bond is a loan that you make to the government. You buy the bond, and the government uses the money now. After time passes (up to 30 years), you get your money back PLUS interest.