Make a Resolution to Save This Military Saves Week!

By Brooke Goldberg, Government Relations Deputy Director, National Military Family Association

Here we are in 2015, after a holiday season that probably involved a lot of spending, rather than saving. You may not have made a New Year’s Resolution to save, but it’s not too late to come up with a promise to yourself and your financial readiness. Military Saves is great program that has helped many service members and their families become better savers.

Military Saves, a component of the America Saves campaign and partner of the Department of Defense’s Financial Readiness Campaign, has a pledge program that will help you meet your goals for 2015 saving. When you pledge, you will get their newsletter with great strategies for saving. You may learn about some special programs that are only available to military. For example, the Savings Deposit Plan, which can only be used during deployments and is guaranteed a 10% return rate annually. You can’t beat that for a savings program!

They also give great tips for how to save on a tight budget. Military Saves Week is February 23 – February 28, 2015, and installations everywhere will be hosting events to promote financial readiness for servicemembers and their families.

January is also the time of year when your W-2 arrives in the mail, or becomes available online, and you start thinking about that tax return or bill. If you will get a tax return from 2014, think about whether or not that should be used to pay down debt or factor into your savings plan. Military Saves has more tips on how to save money at tax time.

With all of these resources at your fingertips, you have no excuse not to make a plan to save that is worth sticking to!

Take the Military Saves Pledge today!

This blog was originally published on MilitarySaves.org in January 2014.

Tip of the Day

  • Written by Guest Blogger | April 22, 2014

    Is your child a victim of Identity theft? Find out!  http://ow.ly/C7B3q

Saver Stories View all »

Involving Kids in Family Finances

Written by | April 19, 2019

 

One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how money works as well as the importance of saving.

Read more...

Making Saving Automatic Leads to Personal Success

Written by Lila Quintiliani | May 27, 2020

Ryan’s savings journey started when he was an active duty airman. Frequent deployments and temporary duty assignments gave him the opportunity to save. By the time he transitioned out of active duty, he had built up a healthy rainy-day fund and had started to aggressively save for retirement.

Read more...

From Shopaholic to Saver

Written by Jackie Toops | January 13, 2021

Many of us spend too much money on things we don’t need, but we don’t always know why. It’s easy to get a quick fix from retail therapy, but before we know it, our hard-earned money is gone. Oftentimes, when we engage in a “shopaholic” lifestyle or sporadic shopping sprees, we still experience feelings of emptiness, but to make it worse, we now have debt, too.

Khanmany was a shopaholic who turned everything around. She is active duty Navy and shares, “I was spending too much on things I didn't need. I was going shopping for no reason and was trying to fill a void. I was running up every credit card I owned to include Victoria's Secret, Military Star, Navy Federal, TJ Maxx, JCPenney, Macy's, USAA, and was only paying the minimum payments.”

Read more...