Military Saves Blog

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

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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Watch the Military Saves Week 2019 Video

Military Saves Week MSW MSW19
Written by Tammy G. Bruzon · 14 January 2019

Just in time for Military Saves Week 2019, this video is encouraging service members and their families to focus on their savings and financial readiness.

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Tip of the Day

  • Written by Guest Blogger | April 29, 2014

    It's important to know your #credit score and what's on your credit report. Find out why it matters: http://ow.ly/whNQl 

Saver Stories View all »

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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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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Money on the Side

Written by Super User | November 26, 2010

Camp Arifjan, Kuwait -- A colonel in the 1st Theater Sustainment Command has money on his mind.

Army Col. George Fields, the Chief of Intelligence, or G2, has been teaching a free "Managing Your Money" class here in his spare time. More than 400 students have attended his six week-long class to learn more about increasing their own finances.

"All I did was sit down and listen to a guy one day who showed me what he was doing" said the colonel as he explained how he became interested in what he calls, "becoming financially free."

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