Military Saves Blog


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

Saving For Your Big Purchase

large purchases big ticket items
Written by Guest Blogger · 08 October 2015

By Doug Nordman, author of "The Military Guide to Financial Independence and Retirement" and founder of This post comes from the America Saves blog.

When you start your career, you'll find plenty of advice on handling your money. Thousands of personal finance sites will press upon you to create your first budget, set aside an emergency fundpay off your debt, and build your investments. Even the media tells you to save for retirement. But how can you do that when you have a life to live right now? 


The Big Cost of the Little Things

Savings Managing Debt Big Purchases
Written by Guest Blogger · 06 October 2015

By Corrinne McKenna, AFC® Candidate, FINRA Military Spouse Fellow

“If you add a little to a little, soon the little will become great.” – Hesiod, Greek poet

Take a moment to think of all of the little things you spent money on in the past week. Maybe you purchased lunch at the food court, an energy drink or coffee from the shoppette and a new movie from the exchange.


Find Your Housing Affordability Number to Better Manage Your Debt

Debt BAH Managing Debt
Written by Alecia Blair · 01 October 2015

By Alecia D. Blair, Military Saves Communications Associate

Housing is probably the largest liability (or debt) you have every month, right? It demands the biggest chunk of your monthly income and can greatly impact how much money you have left to spend on other things, such as everyday expenses, short- and long-term savings goals and paying off other debt. That’s why it’s so important to find your housing affordability number, which is based on a variety of factors. Doing so will help you find not just a house, but a home you can be at ease in.


Nine Tips to Help Manage Debt

Debt Personal Finance Managing Credit
Written by Guest Blogger · 29 September 2015

By FINRA Investor Education Foundation Staff

Rucking 70 pounds, dragging an anchor or slinging cargo. Soldiers, sailors and airmen know these are things that will slow your advance. Debt has the same effect; it can slow or even prevent you from reaching your financial goals. Here are nine tips to help you lighten your debt load:


The S.M.A.R.T. Way to Save for Large Purchases

Budgeting Budget Personal Savings large purchases
Written by Guest Blogger · 24 September 2015

By Jenny Schaub, Program Coordinator, Hancock County Saves, OSU Extension Hancock County :: This article comes from the America Saves blog.

Summer just ended and I’ve already started thinking about next year. Taking a beach vacation will my “big purchase” for the year, which leaves several months to plan ahead to save for this expense. But am I prepared? Do I have a timeline? Do I have a SMART goal set? My answer to all of these questions is a resounding “YES!” But what is a SMART goal?


Tip of the Day

  • Written by Katie Bryan | November 22, 2013

    Find places to cut your #spending so that you can pay down #debt faster:  

Saver Stories View all »

Building Wealth by Setting Goals

Written by Super User | April 24, 2013

My name is Allison Mecadon and I’m a Youth Coordinator with the Virginia National Guard Youth Program. My husband, Tom, is an M-Day Army National Guard Member (an M-Day member is one who performs weekend drill, but is not on full-time duty).


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.


Regular Savings is the Key to Success

Written by Super User | November 26, 2010

My name is Chris Strong. I joined the Air Force on 25 March, 1985. On that day, my financial life changed forever. I was introduced to saving bonds in Basic Training. Savings bonds were the big thing back then just like the Thrift Savings Plan is today. A Colonel gave us a briefing. I cannot remember his name but I can remember the 100 savings bonds he had posted to a piece of card board. He gave us a speech on the importance of saving money and how it can change your life. He inspired me to save.