Military Saves Blog

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Tips, advice, and the latest news from the savings world.

4 Reasons You Shouldn’t Fall Prey to the Payday Loan Trap

Debt Payday Loans
Written by April Crews · 17 April 2014

Payday loans can set you up for debt that can come back to haunt you later, especially if you take out more than you can truly afford to pay back.  It can be difficult for someone on a fixed budget to pay back these expensive loans in just two weeks, which is generally the amount of time given to repay such loans.  If you’ve considered resorting to a payday loan to pay off an emergency expense, consider the following before doing so:

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3 Ways to Celebrate Financial Literacy Month

Written by Katie Bryan · 16 April 2014

America Saves celebrates National Financial Literacy Month, recognized in April, by sharing three ways individuals can take financial action by saving money, reducing debt, and building wealth.

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Nine Tips to Help You Better Understand Your Credit

Credit History
Written by Guest Blogger · 15 April 2014

The following post comes from the USA.gov blog.  Find them at http://blog.usa.gov/

Making financial decisions can be confusing and overwhelming, to the point that you do nothing to prepare for your financial future. But this Financial Literacy Month, we’re helping you understand finance basics so you can make money decisions with confidence.

Step one is understanding your credit. Use these tools and resources to pull your credit report for free and understand how money decisions you make impact your credit.

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6 Tips to Help You Reduce Credit Card Debt

Debt
Written by April Crews · 10 April 2014

You or someone you know will most likely deal with some type of credit card debt. But you can avoid credit card debt, and pay down your debt faster, if you are disciplined and determined not to let your credit cards control you. Here are some tips that can help:

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3 Ways to Prevent Identity Theft

Written by April Crews · 03 April 2014

With so many scams popping up monthly, it’s good to be reminded of ways that you can avoid being a victim of identity theft. Here are three tips that you can live by that help:

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Tip of the Day

  • Written by Guest Blogger | April 18, 2014

    Don't Fall Prey to the Payday Loan Trap! Read these tips alternate options http://ow.ly/vTKTh

Saver Stories View all »

Making Savings a Part of Marriage

Written by Super User | November 26, 2010

Capt. Rob Eckhardt is the first to admit that he hasn’t always been responsible with money. But less than 10 years after a rocky start to saving, Eckhardt reports that he and his wife are free from credit card debt, have a down payment on a home, and are saving regularly for retirement. And, as the Military Saves representative for his Air Force squadron, he’s helping others make similar progress.

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One That Almost Got Away

Written by Super User | November 26, 2010

Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

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Airman Succeeds Through Dedication to Building Wealth Not Debt

Written by Super User | October 13, 2011

I came into the Air Force at 23 years old in 1993 with about 12 outstanding bills (hospital bills, car loan, car insurance, school loans, credit cards, etc.). You name it, I had the bill. Thanks to the Family Support Center, Dave Ramsey's Financial Peace University, and many other sources, I now have no outstanding bills.

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