Military Saves Blog

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

Military Consumer Toolkit Launches on Revamped Military.Consumer.gov

Written by Guest Blogger · 17 November 2016

By Federal Trade Commission Staff

For military folks, financial decisions can have long-term effects on family life, security clearance, and mission readiness.

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Managing Debt – By the Numbers

Debt Managing Credit Managing Debt
Written by Guest Blogger · 14 November 2016

By FINRA Investor Education Foundation Staff

Managing debt is a major concern of many Americans. Nearly four out of five Americans carry at least one of the following types of debt measured by the FINRA Foundation’s 2015 National Financial Capability Study (NFCS): mortgage or home equity loan; credit card balance; auto loan; student loan’ non-bank borrowing; or unpaid medical bills. And 40 percent of Americans reported thinking they “have too much debt right now.”

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Tap Into the Power of Powerpay.org

Debt Credit Managing Credit Managing Debt Powerpay.org
Written by Guest Blogger · 07 November 2016

By Lauren Chaplin, AFC® Candidate, FINRA Military Spouse Fellow

When it comes to personal finances, everyone has a favorite tool or system. Whether it be traditional pen and paper, Excel spreadsheet or an app on one’s phone, having some sort of visual to help see goals and the ‘light at the end of the tunnel’ can really motivate individuals to get their finances in gear. 

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Paying Off High-Interest Debt Might Be Your Best “Investment” Strategy

Debt Credit History Credit Cards Investment
Written by Guest Blogger · 31 October 2016

By the Securities and Exchange Commission’s Office of Investor Education and Advocacy

No investment strategy pays off as well as, or with less risk than, eliminating high interest debt.

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Fall into Financial Preparedness & Consumer Identity Protection with These Resources

Emergency Fund Emergency Savings Identity Theft Financial Preparedness Cyber Security
Written by Guest Blogger · 25 October 2016

By Jena Roscoe, SVP, Chief Of Government Relations, Public Policy, Operation HOPE, Inc.

Did you know September was National Preparedness Month and October is National Cyber Security Awareness Month? Throughout these autumn months, Operation HOPE is working with the U.S. DHS FEMA and American Red Cross to promote financial preparedness for U.S. Armed Forces members and their families.

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Tip of the Day

  • Written by Tammy G. Bruzon | January 26, 2017

    Free tax help and free tax preparation are available in person and online: http://bit.ly/2hXbHnX @MilitarySaves

Saver Stories View all »

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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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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One Sailor's Course to Financial Freedom

Written by Super User | November 26, 2010

We all know its not easy to get out of debt once you in over your head. But it can be done with the sound advice and support that the Military Saves program offers. I am a testament to that. I was a recently divorced, single mother. Like many people I had credit card debt, a car loan, bad credit, and a low income job that never seemed to be enough to put food on the table.

Then I decided I'd had enough of living paycheck to paycheck and worrying about money all the time.

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