Three Reasons Why Taking the Military Saves Pledge Is Worth Your Time

By Alecia D. Blair, Military Saves Communications Associate

Have you heard? It’s Military Saves Week 2015! If you’re tuned into social media, your installation’s community service organization or financial readiness program, you’ve probably heard about the week and taking the Military Saves Pledge. You might be asking yourself why you should take the pledge. Here are three reasons why taking the Military Saves Pledge is worth your time.

  1. The Military Save Pledge is a  promise to yourself to “save money, reduce debt and build wealth” over time. By committing to that promise to save automatically towards a goal of your choosing, the pledge becomes more than just an electronic form—it becomes a catalyst for change, encouraging you and your family to achieve the goal.

  2. Military Saves will support you and your savings goals. This leads us to the second reason why taking the pledge is worth 20 seconds of your time. In order to achieve a goal, it’s helpful to have access to the latest information. By taking the pledge, you’ll find a vast array of military-related financial resources—blogs, tools and tips on the Military Saves website—with just the click of a mouse. You can even opt to receive the quarterly America Saves Newsletter and the monthly Military Saves Newsletter.

  3. You get a copy of your credit score for free. If you are an active servicemember or spouse taking the Military Saves Pledge, you also have the option of receiving your FREE myFICO® credit score, along with use of an analysis tool, courtesy of the FINRA Investor Education Foundation and www.SaveAndInvest.org

    Just complete the pledge, follow the prompts at the end of the form, which take you to the www.SaveAndInvest.org website and the myFICO® form. Make sure to have your driver’s license handy, and complete the five to 10-minute registration process. It’s that easy! Your credit score will be emailed to you immediately. 

    If you took the Military Saves Pledge last year, re-pledge and receive a current myFICO® credit score now.

If these three reasons still haven’t convinced you to take the Military Saves Pledge, consider taking it to simply invest in yourself and your family’s future. Financial preparedness is built when you “Set a goal. Make a Plan. Save Automatically.”

Tip of the Day

  • Written by Guest Blogger | March 21, 2014

    Having emergency #savings may be the most important way to stay afloat financially. 5 Tips on how to start one: http://ow.ly/rswS2

Saver Stories View all »

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...

Making Savings a Part of Marriage

Written by Super User | November 26, 2010

Capt. Rob Eckhardt is the first to admit that he hasn’t always been responsible with money. But less than 10 years after a rocky start to saving, Eckhardt reports that he and his wife are free from credit card debt, have a down payment on a home, and are saving regularly for retirement. And, as the Military Saves representative for his Air Force squadron, he’s helping others make similar progress.

Read more...

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?

Read more...