How to Save this Summer

Hope you're having a wonderful Fourth of July holiday week! With summer comes warm weather and sunny beaches. The turn of the season is also a great chance to give your finances a fresh start. Here are five steps to boost your savings this summer. 

Step 1: Set a goal

What are you saving for this summer? Here are some ideas to get you started:

  • Save during vacation
  • Save for an emergency fund
  • Save for fall school supplies or education
  • Save for a new appliance
  • Save for a car

Step 2: Make a pledge to yourself to save

Deciding what to save for is the easy part but following through with your savings goal is the challenge. 

The America Saves pledge can motivate you to save money and reduce debt by helping you stay focused on your goals. Whether you are saving for a vacation, a big move or school next semester, our pledge can help you.

Here's how it works, once you take the pledge, we keep you motivated with information, advice, tips, and savings reminders to help you reach your goal.

Ready to get started? >> Take the Military Saves pledge and start saving today.

Step 3: Create a budget

Creating a budget is one of the best ways to manage your money. A budget allows you to manage your finances so you can always make your savings deposit, pay your bills and have spending money. You'll never come up short if you stick to your budget each time you get paid. 

There are many different ways to do this, so you’ll want to try a few out and choose the system that works best for you. >> Check out these five simple steps to creating a budget.

Step 4: Save automatically

The easiest and most effective way to save is automatically. This is how millions of employees save for retirement through 401(k)s and other programs at work. It is also how millions of Americans save at their bank or credit union. Not only does it ensure you will be saving every month, but it also puts your cash out of sight and out of mind so you feel less of an urge to spend it. 

>> Learn about saving automatically.

Step 5: Find more money to save

Learn how to cut back on summer spending so you can save some cash and put it in your savings account instead. When you take the Military Saves pledge, we’ll send savings tips and advice straight to you.


Pledge to Save This Summer


 

Tip of the Day

  • Written by Guest Blogger | April 18, 2014

    Don't fall prey to the #payday #loan trap! Read these tips for alternate options http://ow.ly/vTKTh

Saver Stories View all »

Naval Battalion's Effort Yields Team Success

Written by Super User | November 26, 2010

Construction Battalion Five, DETAIL CHINHAE would like to share our campaign success story with you!

Currently we have 23 members on our Det, (all of whom have registered with militarysaves) and out of them 16 are planning for retirement by saving and investing money in the Federal Thrift Savings Plan.

Read more...

Setting a Goal Leads to Success

Written by Super User | May 24, 2019

Growing up, Marisa’s dad had always talked about saving first, but she said she didn’t really internalize it until much later. “I was drifting along with no plan, carrying a little bit of revolving debt, saving some money here and there, but without a real plan for it.”

Read more...

Money on the Side

Written by Super User | November 26, 2010

Camp Arifjan, Kuwait -- A colonel in the 1st Theater Sustainment Command has money on his mind.

Army Col. George Fields, the Chief of Intelligence, or G2, has been teaching a free "Managing Your Money" class here in his spare time. More than 400 students have attended his six week-long class to learn more about increasing their own finances.

"All I did was sit down and listen to a guy one day who showed me what he was doing" said the colonel as he explained how he became interested in what he calls, "becoming financially free."

Read more...