Everybody wants to make as much money as they possibly can, in order to feel secure in the face of life’s challenges. We also like to have money because it broadens our range of choices – where we can shop, where we can go, what we can do. To that end, many people turn to investing as a way to make long-term strides towards their goal of financial freedom and security.
One investment option, oftentimes referred to as a “vehicle,” because it carries your money where you want it to go, is a Treasury bill. Treasury bills are a form of debt obligation, short-term, that come from our very own United States government – they’re issued by the Department of the Treasury, hence their name. Treasury bills, also known as “t-bills,” must come to maturity within one year. “Maturity” in this sense means the date when they are ready to be given back to the investor. They come in several different amounts, from as low as $1,000 up to $5 million. They’re what’s known as “debt obligations,” and what you’re doing is basically giving your money to the federal government in order to get it back – with interest – within a year or less. Maturity dates are often reached at one, three and six months. Treasury bills are considered by many people to be the safest investment strategy around – with Uncle Sam to back them up, you’re assured of getting paid and not losing your money. The return on your investment won’t be as enormous as some other, riskier investment strategies, but you can rest easy at night knowing that you’re money is safe. And of course, what’s more fun than resting easy is imagining all the things you can do with your money, like going on a trip, or paying off other debts that have been bothering you.
When it comes to investing your money, before you do anything you need to sit down with a qualified financial services expert and go over all your options. He or she is paid to answer your questions and to act as a trusted financial advisor, when it comes to buying Treasury bills or any other form of investment.