Military Saves Blog

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

accounting sheets and tools overlaid on one another

Do you know how your credit score is calculated?

Debt Credit History Credit Score Managing Debt
Written by Lani Poblete · 28 September 2017

According to a recent survey from Consumer Federation of America (CFA) and VantageScore Solutions, LLC, more than 40 percent of respondents incorrectly thought a person’s age is among factors used to calculate a credit score. And only 18 percent understood that a low credit score on a typical auto loan would increase loan charges by more than $5,000.

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Couple hugging each other and smiling while standing in front of a house with an America flag hanging out front. Man is dressed in military uniform.

Tips for Transitioning or Retiring from the Military

Retirement Military Transitions Military Spouses
Written by Guest Blogger · 26 September 2017

By: FINRA Investor Education Foundation Staff

Military service can leave you believing that change is the only constant in life. Take a look at a photo of yourself entering boot camp and compare it with the one your service took of you at graduation. You already changed—a lot. But you need to get ready for a big one. 

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Man in army uniform smiling and holding laptop

Your Five-Step Blended Retirement System Checklist to Success

Retirement Financial Planning Blended Retirement System
Written by Alecia Blair · 19 September 2017

By Alecia D. Blair, Military Saves Communications Strategist & Outreach Manager, AFC® Candidate, FINRA Foundation Fellow, and Lani Poblete, Military Saves Project Manager

The new Blended Retirement System (BRS) is coming in January 2018! If you're feeling a little overwhelmed or unsure about the BRS, that's okay. It's natural. Deciding whether the BRS is right for you is a big financial one-size-does-not-fit-all decision that has big implications on your military retirement.

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30 Days of Savings Challenge logo

Join the 30 Days of Savings Challenge this September

Savings Goals 30 days of savings
Written by Lani Poblete · 28 August 2017

By Lani Poblete, Military Saves Project Manager

This September, join the Military Families Learning Network's (MFLN) Personal Finance team in making small deposits that add up to $100 in just 30 days!

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budgeting tools, calculator, tax forms all piled up

The Building Blocks of Excellent Credit

Debt Credit History Credit Score
Written by Guest Blogger · 08 August 2017

By Martin A. Smith, CRPC®, AIFA®, President of Wealthcare Financial Group, Inc.

Do you want to build excellent credit? If you are shopping for a mortgage or car loan or a credit card, simply paying your debts on time is not the only requirement to building excellent credit. Here are some other considerations:

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Tip of the Day

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

    Set aside your #taxrefund for unexpected repairs or emergency expenses: http://bit.ly/2jargdi @MilitarySaves

Saver Stories View all »

Making Savings a Part of Marriage

Written by Super User | November 26, 2010

Capt. Rob Eckhardt is the first to admit that he hasn’t always been responsible with money. But less than 10 years after a rocky start to saving, Eckhardt reports that he and his wife are free from credit card debt, have a down payment on a home, and are saving regularly for retirement. And, as the Military Saves representative for his Air Force squadron, he’s helping others make similar progress.

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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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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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