Baby Bonds
We make gifting US savings bonds to kids easy
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Michael Lucas Poage

Baby Bonds - We make gifting US savings bonds to kids easy

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Baby Bonds
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Baby Bonds allows parents to can create simple and secure landings pages for their children, where their friends and loved ones can setup one time or recurring contributions. These contributions get processed and transferred as US Savings Bonds to their kids.

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Israt Jahan
That looks so good. When are you planning on opening up sign ups to everybody?
Michael Lucas Poage
Maker
@isratjahan17 That's a great question. As of right now we want to slowly onboard a few dozen people or so at a time to the app just so we can make sure to get the maximum amount of love and care with each iteration of improvements. With that said, we are hopping to have this open for anyone to sign up by the middle to end of summer this year (or sooner if things go really well 😊)
Israt Jahan
@rubybrewsday Thanks for the quick reply.
Michael Lucas Poage
Maker
The idea for Baby Bonds first came up in mid-2021. I was discussing with my fiancée how we always get our nephew these gifts, that he never really plays with beyond the first 5 minutes. If only there was a way so that we could just give him Apple or Tesla stock instead, that would be amazing. A few months later, I had the initial shape of what came to be Baby Bonds. We decided to focus on US savings bonds initially, which in the recent past have seen a resurgence in interest with the Series I bond prices. We also expanded the application to include both one time and recurring contributions, meaning that Grandma and Grandpa can setup an annual gift to Timmy and Tara and we handle everything from there.
Eli M
Great idea! and congratulations on the launch. What are you most excited about working on this project? Also what's the most astonishing thing you've learned about creating wealth for kids?
Michael Lucas Poage
Maker
@zeus_comm Thanks Eli! So I'm pretty excited to help parents help setup their kids for success in the future. One of the things that blew my mind as I was diving into the market was: 1) there are lots of kids that are born each year, and 2) now more than every parents are focused on creating wealth for their children. Prior to the pandemic, family's began saving at rates that we hadn't seen in decades. It will be interesting to see how we can encourage more long term thinking when it comes to giving gifts, as well as exploring other kinds of investment opportunities we can support. And to answer your last question, I would say I was astonished at how many other parents felt a need for something like this. Going into it there was an assumption that parents really only wanted to receive physical gifts for their children and were against the idea of receiving money. At least in the dozens or so of parents we have interviewed and had test out the product, this couldn't be further from the case. Yes, this is a bias that still exists so it may not be for everyone, but it does seem like people are very keen on the idea.
Andrew Guttormsen
Yessssss! Congrats Mike. You are the Devin Hester of Baby Fintech.
Michael Lucas Poage
Maker
@aguttormsen Thanks Andy! love the endorsement ;)
Bucksball
Love this idea. I am hoping this will become widespread. Products like these have the potential to democratize social mobility. Parents need to both have an understanding of the importance of equipping their children with investments and be able to do so conveniently.
Roqeeb Akande
Wow Love this idea.. It's will make wealth creation easy for the kids
Felicia Leo lianti
Love the idea, it helps parents mostly to choose what gift they can give for their children which also useful for their future. Congratulations 🎉
King Bishop
This is an amazing idea! There's a huge need for it.
Mahin Makkhy
Congrats on your launch. Best of luck.
Michael Lucas Poage
Maker
@mahin_makkhy Thanks! Appreciate the good wishes :)
Mahin Makkhy
@rubybrewsday You are welcome.
Ankur Nagpal
🔥🔥🔥