Military Saves Blog

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

Save with a Plan: Your Future Self Will Thank You

Financial Goals Savings Goals SMART goals FINRA AFCPE Long-term savings goals
Written by Guest Blogger · 25 February 2019

Written by Rachael DeLeon, Association for Financial Counseling & Planning Education® (AFCPE®)

“You pile up enough tomorrows, and you'll find you are left with nothing but a lot of empty yesterdays.” - Meredith Willson

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Five Tax Tips for Service Members and Their Families

Tax Time Saving
Written by Lila Quintiliani · 11 February 2019

by Lila Quintiliani, AFC®, Military Saves Program Manager

  1. Find Out if the New Tax Legislation Affects You

Check and see if you need to take action before you file or whether you may need to file an amended return for a previous year. 

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New Tax Legislation Puts More Money into the Pockets of Many Military Families

Tax Time Saving
Written by Lila Quintiliani · 04 February 2019

by Lila Quintiliani, AFC®, Military Saves Program Manager

There are several new pieces of legislation that may affect military families’ 2018 tax returns. The implementation of the Tax Cuts and Jobs Act, the Veterans Benefits and Transition Act, and the Combat-Injured Veterans Tax Fairness Act will mean that most military families will be paying less in taxes this year. In some instances, though, taxpayers will have to take action in order to see the benefits of the legislation.

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Steps for Dealing with an Unexpected Loss of Income

Income Loss Furlough Shutdown
Written by Lila Quintiliani · 24 January 2019

by Lila Quintiliani, AFC®, Military Saves Program Manager

There are some drops in income that can be predicted (retirement, multiple kids in college) and then there are others that just blindside us (loss of a job, furlough).  In cases like these, even large emergency funds may eventually run out. It’s important, however, to keep a level head and as much control over personal finances as possible given the circumstances.  

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Job Interrupted: A To-Do List for Tough Times

Emergency Savings Income Loss Unemployment
Written by Guest Blogger · 17 January 2019

Originally published by FINRA

Many of us can identify with the plight of the furloughed federal worker. That's because we have experienced economically stressful times at one or more points in our working life—and may again.

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Tip of the Day

  • Written by Guest Blogger | September 30, 2014

    Develop a long-term plan and foundation for financial readiness by establishing a spending plan. More tips at: http://ow.ly/sCvQQ

Saver Stories View all »

A Disciplined Approach to Saving

Written by Super User | November 26, 2010

I just recently retired after 30 years of service with the Marine Corps. I truly enjoyed my time serving the Corps and I flourished in the disciplined environment. I also took a disciplined approach to saving. Here are some of the tactics I used-they are very low to moderate risk.

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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?

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Regular Savings is the Key to Success

Written by Super User | November 26, 2010

My name is Chris Strong. I joined the Air Force on 25 March, 1985. On that day, my financial life changed forever. I was introduced to saving bonds in Basic Training. Savings bonds were the big thing back then just like the Thrift Savings Plan is today. A Colonel gave us a briefing. I cannot remember his name but I can remember the 100 savings bonds he had posted to a piece of card board. He gave us a speech on the importance of saving money and how it can change your life. He inspired me to save.

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