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!
This blog was originally published on MilitarySaves.org in January 2014.
- Written by Guest Blogger
- Category: Blog
- Published: 06 January 2015