cashing in?

[trebark]

I have a no-interest plan until 11-08-2012. In order to pay this off and not pay a bunch of interest I'll need to pay $200.00 a month until then. This is going to be really hard to do for I'm strapped with alot of bills at this time. My question is this: Do I cash in some Series EE savings bonds in order to pay off the balance now? A majority of these bonds are $50.00 with interest at 1.77%. These were issued to me back in 1999. Final maturity on most of these bonds will be in the year 2034 and 2029. I do have one bond given to me in 1982 for $50.00, it's worth $144.02 as of today. Whats with this? Are these kind of bonds really worth keeping? Any help would really be appreciated. Thank You

[disneysteve]

Whether or not the bonds are worth keeping depends on what you are comparing to. If it is a choice of 1.77% interest or 20+% interest once the 0% deal ends, I'd say that's a no-brainer. Sell the bonds and pay off the debt.

What type of debt is this? Do you have anything else you could sell to pay it off?

[trebark]

Steve,
The debt is from a credit card and there is nothing that I'm willing to sell.These bonds are confusing to me. They don't seem like a good investment.
Thanks Steve for the quick advise, Quint

[disneysteve]

Originally Posted by trebark

These bonds are confusing to me. They don't seem like a good investment.

1.77% tax-deferred until you redeem them on a government-guaranteed investment is a pretty good deal today.

[trebark]

I've 10 months to get this paid. I think we'll be able to figure out how to get it paid off with out cashing in.