Military Saves Blog
Tips, advice, and the latest news from the savings world.
Military Saves recently released the results of its 2017 Military Saves Saver Survey, which details the savings goals and challenges of Military Savers. The survey revealed that unexpected expenses are the top savings challenge for Military Savers (45 percent), followed by others depending on their income (30 percent). Retirement came in as the top savings goal (23 percent), followed by debt repayment (22 percent).
With 8 million more Americans planning on celebrating Halloween this year, the total spent on costumes, treats, and decorations is projected to reach an all-time high of $9.1 billion. The average amount spent per consumer is anticipated to reach $86.10, mostly going toward the purchase of the perfect costume.
By the U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy
It’s mission critical to create a financial plan for your future. If you haven’t done so already, it’s a perfect time to get started since this week (October 2-8, 2017) is World Investor Week. This global effort, promoted by the International Organization of Securities Commissions to raise awareness of the importance of investor education and protection, marks the first time securities regulators on six continents will join together to highlight what it means to be a smart investor, as well as ways to avoid fraud. A key best practice promoted by World Investor Week is to plan for and invest according to your future needs and goals. One of the most important goals you can plan for is your retirement.
If you are a military service member or veteran affected by recent natural disasters, you are undoubtedly facing unexpected emotional, physical and financial stress. But know that there are many emergency financial resources available specifically to you—our nation's service members and veterans.
According to a recent survey from Consumer Federation of America (CFA) and VantageScore Solutions, LLC, more than 40 percent of respondents incorrectly thought a person’s age is among factors used to calculate a credit score. And only 18 percent understood that a low credit score on a typical auto loan would increase loan charges by more than $5,000.