Military Saves Blog

Blog

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

New Partner Packet on Military Millennials, Managing Debt/Credit

Written by Alecia Blair · 25 May 2017

Here are some numbers that might surprise you: Millennials now make up the largest generation—83.1 million "Generation Y" 18 to 34-year-olds are entering the workforce and joining our armed services. And millennials—21 to 34-year-olds—hold an estimated $1.1 trillion of the country's $3.6 trillion in consumer debt.

Read more ...

Deploying? Review Your Finances

Emergency Fund Deployment Deployment Savings Deployment Finances
Written by Guest Blogger · 15 May 2017

By the USAA Educational Foundation

Deployment: It’s a basic fact of military life. It’s also one of the most challenging situations a military family can face. Lives and living situations change. Family routines are interrupted. Finances may be altered.

Read more ...

The Tale of Two Rentals: How to compare your rental options during a PCS

PCS PCS Moves Renting BAH
Written by Guest Blogger · 03 May 2017

By Corrinne McKenna, AFC®

I’m often asked by my military clients, “should I buy or rent a home?” In many cases, renting is the best option due to inadequate savings funds to handle unforeseen home repairs, uncertainty about how long the home will be occupied and unwillingness to become a landlord or sell the home at a loss if a sudden PCS causes the service member to relocate.

Read more ...

Combat Changes in Your Paycheck with Battle-Hardened Transition and Emergency Funds

Emergency Fund Emergency Savings Deployment Military Life PCS Moves TDY
Written by Alecia Blair · 25 April 2017

By Alecia D. Blair, Military Saves Communications Strategist & Outreach Manager, AFC® Candidate, FINRA Foundation Fellow

Permanent change of station (PCS) moves, temporary duty (TDY), deployment—all of these major changes are a constant in military life. While a military paycheck is predictable twice a month, these life changes bring significant income volatility and increases or decreases in expenses, which can make your budget a moving target. Here are five solutions to help meet these challenges.

Read more ...

Military Life – PCS for Homeowners

Credit Score Homeownership PCS Moves Foreclosure
Written by Guest Blogger · 18 April 2017

By: FINRA Investor Education Foundation Staff

Although the housing markets have largely recovered from the real estate bust of nearly a decade ago, a Permanent Change of Station (PCS) can still create a hardship for military homeowners who may be underwater on their mortgages (i.e., owe more on their house than they can sell it for). Homeowners who receive PCS orders and believe they may be underwater on their home should ask themselves these questions before trying to sell their homes:  

Read more ...

Tip of the Day

  • Written by Tammy G. Bruzon | February 3, 2017

    Most families don't have enough to cover the unexpected. Be prepared with an emergency fund: http://bit.ly/2kpOikO @MilitarySaves #MSW2017

Saver Stories View all »

A Disciplined Approach to Saving

Written by Super User | November 26, 2010

I just recently retired after 30 years of service with the Marine Corps. I truly enjoyed my time serving the Corps and I flourished in the disciplined environment. I also took a disciplined approach to saving. Here are some of the tactics I used-they are very low to moderate risk.

Read more...

A Plan for Success

Written by Super User | April 26, 2012

I’m Staff Sergeant Robert Zuniga and I have been an active duty Air Force medic for eight years. I plan on staying in long enough so that I can retire at 20 years. I have always been interested in personal finance and would like to share how it IS possible for me and my stay-at-home wife and two kids to not only save and invest a ton of money but also have a lot of responsible fun as well on 'low' enlisted pay. You CAN do it too!

First off, we write down our goals and separate wants from needs.

Read more...

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).

Read more...