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Author: jmcjls Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: Re: Tracking value of savings bonds Date: 4/10/2004 1:18 PM
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In Quicken, I have an investment account titled "Savings Bonds" where I keep them. Each time I make a purchase (it has been a while, but I am buying more this week), I create a new "security" using the month/year of purchase, the denomination, and the type of bond.

I do something a little different. I enter all of my savings bonds in Savings Bonds Wizard where I can keep track of each individual bond, and it will compute the redemption value for me.

But in Quicken, I just have a generic Savings Bond security with a denomination of $50, and whenever I make a purchase, i just "buy" as many of the $50 bonds that equal my purchase. This keeps track of my principle. But then each month I use Savings Bond wizard to figure out the total interest I would have earned if I cashed all my bonds. I then enter this in quicken, with today's date as "interest earned".


I do a bit of a mix of these two approaches. I keep track of each individual bond in Savings Bond Wizard. In MS Money, I keep track of each individual savings bond & add an "interest earned" for each individual bond.

One reason I do this slightly more complicated approach is that I inherited some of the savings bonds -- some of them, the H & HH, have been re-issued in my name & I'm continuing to defer the interest that my grandmother never paid for them. I'm actually thinking of having "education-eligible" EE bonds re-issued in my name as I'm currently a full-time graduate student & would love the tax break should I need to cash the bonds for some reason.

jmc
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