Military Saves Blog

Blog

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

Holiday Spending & Saving Partner Packet Available

Written by Tammy G. Bruzon · 28 November 2016

The holiday reports are in! Retail spending will increase across the board by about three percent this year, reaching its highest point since the Great Recession. Many reports also show that people are feeling more secure about their finances as a whole and are planning their purchases more strategically. We want to celebrate this fact by encouraging Military Savers to take these good financial habits with them into the New Year.

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Military Consumer Toolkit Launches on Revamped Military.Consumer.gov

Written by Guest Blogger · 17 November 2016

By Federal Trade Commission Staff

For military folks, financial decisions can have long-term effects on family life, security clearance, and mission readiness.

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Managing Debt – By the Numbers

Debt Managing Credit Managing Debt
Written by Guest Blogger · 14 November 2016

By FINRA Investor Education Foundation Staff

Managing debt is a major concern of many Americans. Nearly four out of five Americans carry at least one of the following types of debt measured by the FINRA Foundation’s 2015 National Financial Capability Study (NFCS): mortgage or home equity loan; credit card balance; auto loan; student loan’ non-bank borrowing; or unpaid medical bills. And 40 percent of Americans reported thinking they “have too much debt right now.”

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Tap Into the Power of Powerpay.org

Debt Credit Managing Credit Managing Debt Powerpay.org
Written by Guest Blogger · 07 November 2016

By Lauren Chaplin, AFC® Candidate, FINRA Military Spouse Fellow

When it comes to personal finances, everyone has a favorite tool or system. Whether it be traditional pen and paper, Excel spreadsheet or an app on one’s phone, having some sort of visual to help see goals and the ‘light at the end of the tunnel’ can really motivate individuals to get their finances in gear. 

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Paying Off High-Interest Debt Might Be Your Best “Investment” Strategy

Debt Credit History Credit Cards Investment
Written by Guest Blogger · 31 October 2016

By the Securities and Exchange Commission’s Office of Investor Education and Advocacy

No investment strategy pays off as well as, or with less risk than, eliminating high interest debt.

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Tip of the Day

  • Written by Katie Bryan | December 20, 2013

    Pay off your credit card balance with your #tax refund this year! This download can help: http://ow.ly/rFJJe 

Saver Stories View all »

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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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).

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One Sailor's Course to Financial Freedom

Written by Super User | November 26, 2010

We all know its not easy to get out of debt once you in over your head. But it can be done with the sound advice and support that the Military Saves program offers. I am a testament to that. I was a recently divorced, single mother. Like many people I had credit card debt, a car loan, bad credit, and a low income job that never seemed to be enough to put food on the table.

Then I decided I'd had enough of living paycheck to paycheck and worrying about money all the time.

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