Military Saves Blog
Tips, advice, and the latest news from the savings world.
At Military Saves and America Saves we talk a lot about savings. Because our campaigns are based on research in the field of behavioral economics, we know that the best way to save is to make it a habit and save automatically, by setting aside a portion of one’s pay through either payroll deduction or bank transfer. Our organization encourages savers to make setting up an emergency fund a priority.
The current COVID-19 pandemic has created quite a bit of confusion and a considerable amount of panic. It’s hard for military families to know where to turn and who to trust. So, we have put together a list of reliable resources and information on several topics.
The current COVID-19 outbreak is not only a public health concern, it also has far-reaching financial impacts. I’ll leave the topic of market volatility to the experts, but there are still plenty of things you can do to stay financially healthy during the current Coronavirus outbreak.
According to the U.S. Department of Agriculture, the average family with two young children can spend around $1,050 on groceries per month. Food and household necessities make up a huge chunk of most military families’ spending plans, so shopping wisely can really make a difference.
Did you know there are ways to file your taxes for FREE? No strings attached. Free tax preparation is an easy way to save lots of cash during tax season. The average cost of commercial tax return preparation is around $220, but some taxpayers pay well above that for a simple tax return.