Military Saves Blog

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

Points to Ponder Before Taking on Debt

Debt Managing Credit Managing Debt
Written by Guest Blogger · 11 October 2016

By The USAA Educational Foundation

Having debt has become a way of life in America.

According to the Federal Reserve System report on Consumer Credit, total outstanding consumer debt in the U.S. reached a total of $3.64 trillion in July 2016.

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Five Ways to Raise Your Credit Score in Less Than a Year

Managing Credit Managing Debt creditscorequiz
Written by Guest Blogger · 03 October 2016

By Maddie Daniels, Digital Communications Manager, America Saves

Having a low credit score (a score below the mid-600s) can cost you big time. Unfortunately, many underestimate the true cost of a low credit score, according to a new survey by Consumer Federation of America (CFA) and VantageScore.

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Military Spouses: This Military Transition Is Yours, Too!

MilitaryTransitions Spending Plan Military Spouses
Written by Alecia Blair · 13 September 2016

By Alecia D. Blair, Military Saves Communications Project Manager, AFC® Candidate, FINRA Foundation Fellow

Whether you have spent four or 24 years following your servicemember around the country and world, don’t forget that your spouse’s separation or retirement from the military is your military transition, too!

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Understanding the BRS Can Give You a Leg Up

Retirement Blended Retirement System
Written by Guest Blogger · 06 September 2016

By FINRA Investor Education Foundation Staff

Today, 81 percent of members leave military service with no retirement benefits. None. But the military retirement system is changing. The Department of Defense (DoD) projects that under the new Blended Retirement System (BRS), which goes into effect in January 2018, 85 percent of service members will separate with portable retirement savings—partly because the BRS will automatically enroll into the Thrift Savings Plan (TSP) all new service members.

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The Great Transition…Isn’t Always So Great

Emergency Fund Emergency Savings MilitaryTransitions
Written by Guest Blogger · 31 August 2016

By Brian Posten, Business Development Officer at Air Force FCU, USAF Senior Master Sergeant (retired)

At age eighteen, I realized I needed a major life change, and I knew hanging around where I grew up wasn’t the answer. So, in 1988, I joined the Air Force. My intention was to do four years and get out.  When my four years were coming to a close, I realized military life was perfect for me.  Adventure, discipline, education, and travel—not to mention, I also received a paycheck!

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Tip of the Day

  • Written by Tammy G. Bruzon | February 3, 2017

    The easiest way to save is automatically. Transfer $ to a #savings account every paycheck. http://bit.ly/2hISOtp #MSW2017

Saver Stories View all »

60 Teens participate in Massachusetts Youth Saves Program

Written by Super User | November 26, 2010

During the months of June & July, 60 teenagers aged 13-19 from Marine, Coast Guard, Army, and Air Force families attended Youth Saves programs across the Commonwealth of Massachusetts to help increase their knowledge of financial literacy.

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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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Building Wealth by Setting Goals

Written by Super User | April 24, 2013

My name is Allison Mecadon and I’m a Youth Coordinator with the Virginia National Guard Youth Program. My husband, Tom, is an M-Day Army National Guard Member (an M-Day member is one who performs weekend drill, but is not on full-time duty).

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