Military Saves Blog

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

3 Steps to Assess Your Savings this Financial Literacy Month

Written by Darlene Aderoju · 11 April 2018

Financial Literacy Month is the perfect time to assess your finances and evaluate your level of savings preparedness. If you have an exceptional ability to manage debt, maintain an emergency savings fund and plan your finances, you’re already a great saver. If you want to improve your savings habits, start by asking yourself these questions.

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3 Reasons Not to Consider a Big Tax Refund as “Extra Money”

Written by Darlene Aderoju · 02 April 2018

When you receive your tax refund, how do you usually spend it? If you’re one of the many people that views income tax as “extra money,” you might want to change your approach.

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Opted into BRS? Don’t Forget This Important Step

Written by Guest Blogger · 29 March 2018

By Beth Perry, Federal Retirement Thrift Investment Board

A major benefit of the Blended Retirement System (BRS) is the free money you can now get from your service. Each time you contribute to your Thrift Savings Plan (TSP) retirement account, your service will match it, up to 5 percent of your pay. But your contributions are not automatic if you opted into BRS – they don’t happen unless you choose to make them. And if you skip that important step, you risk missing out on hundreds of dollars in matching this year alone.

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Chalkboard framed in wood with "spring break" written on it laying on grass and flowers.

Spring Break on a Budget

Savings Tips Vacation Travel Family Finances
Written by · 28 March 2018

Spring break vacations can help make these last few chilly weeks feel much more tolerable. While prices might be lower than during summer months, it still requires a decent amount of funds to jet-set off to an exotic location, especially if you have children. To help you stay on track with longer-term savings goals, we’ve compiled some tips and ideas on how to save on spring break while still getting the retreat that you and your family deserve. 

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Tip of the Day

  • Written by Katie Bryan | November 28, 2013

    Set a goal, make a plan, #save automatically - pledge to save today!  http://ow.ly/ksLWb

Saver Stories View all »

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.

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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.”

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Building a Six-Figure Savings While Enjoying Life

Written by Jackie Toops | November 13, 2020

Does the idea of saving up hundreds of thousands of dollars seem impossible? How about doing it while still living an enjoyable lifestyle?

For military spouse Martina and her husband, an E-5 in the Navy, accumulating a six-figure savings has become a reality. One might think that in order to save this much, it would take a great deal of sacrificing and forgoing a certain quality of life, but Martina and her husband would disagree. “Over the past few years (about five), we've managed to save almost $120,000 while mostly living on one income. We've learned so much about easy ways to save money and live a good life,” shares Martina.

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