Military Saves Blog

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

Four Tips for Getting Ready for a Deployment

Military Saves Deployment
Written by Lila Quintiliani · 09 January 2020

 Sometimes deployments come with advance notice, but other times they can be sprung upon military families suddenly. While service members generally go through some pre-deployment processing, family members do not. Here are some tips for preparing for a deployment.

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NEW SURVEY: UNEXPECTED EXPENSES THE BIGGEST CHALLENGE MILITARY SAVERS FACE IN BUILDING A NEST EGG

Military Saves press release
Written by · 02 January 2020

FOR IMMEDIATE RELEASE: December 16, 2019

Contact: Angela Caban, This email address is being protected from spambots. You need JavaScript enabled to view it.

Debt Repayment is Service Members’ Number One Savings Goal

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Three Things to Know When You Have Two TSP Accounts

TSP MilitaryTransitions Federal Government GS Jobs Military Retirement
Written by · 19 December 2019

Written by Cloud Spurlock, Federal Retirement Thrift Investment Board | December 19, 2019

If you’re considering a role in the federal workforce after you leave uniformed services, you’re in good company. About one out of every three current federal civilian employees is a veteran, according to the U.S. Office of Personnel Management. Veterans who choose to continue serving our country as federal civilian employees bring unique skills, leadership experience, and diverse perspectives that enhance every corner of government work.

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The One Key Change to Military Credit Reports You Need to Know

Credit Score Credit Security Clearance Credit Report credit monioring, credit freeze
Written by · 11 November 2019

Written by Allison Spurgin, AFC Candidate® | November 11, 2019

Recently the federal government instituted a change to the way they use servicemembers’ credit reports. Previously, the Department of Defense only checked credit reports when servicemembers’ security clearances were up for renewal. This meant that depending on your clearance level, the military was only looking at credit reports and scores once every 5 or ten years. That is no longer the case: now the Department of Defense will be continuously monitoring service member’s financial health.

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Are Vampire Costs Sucking Your Bank Account Dry?

Written by Lila Quintiliani · 29 October 2019

I didn’t notice the charge at first. It was a small amount, and it didn’t trigger my credit card alert, which I have set to email me a notification when a charge over a certain amount posts. Eventually, though, I was looking over our credit card statement, and something didn’t look right. I finally figured it out – my husband had signed up for a subscription to an online magazine a few months back and had forgotten to cancel it.

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Tip of the Day

  • Written by Guest Blogger | May 12, 2014

    When opening an account with a bank or credit union ask about overdraft, ATM & other fees that may be in fine print. http://bit.ly/2IoelBh

Saver Stories View all »

Making Saving Automatic Leads to Personal Success

Written by Lila Quintiliani | May 27, 2020

Ryan’s savings journey started when he was an active duty airman. Frequent deployments and temporary duty assignments gave him the opportunity to save. By the time he transitioned out of active duty, he had built up a healthy rainy-day fund and had started to aggressively save for retirement.

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Living the Dream: This Military Couple Retired Early

Written by Jackie Toops | March 18, 2021

“Continuous dedication to financial peace pays off,” shares military couple, Denise and Jim. They would know, because at ages 52 and 53, they are already retired. The couple enjoyed life as an Army family for 32 and a half years and started planning for retirement decades ago. Denise shares, “We are not working a paid job, but are volunteering and meeting some personal fitness goals and enjoying some time together after many years spent geographically apart. It can be done!”

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Building a Six-Figure Savings While Enjoying Life

Written by Jackie Toops | November 13, 2020

Does the idea of saving up hundreds of thousands of dollars seem impossible? How about doing it while still living an enjoyable lifestyle?

For military spouse Martina and her husband, an E-5 in the Navy, accumulating a six-figure savings has become a reality. One might think that in order to save this much, it would take a great deal of sacrificing and forgoing a certain quality of life, but Martina and her husband would disagree. “Over the past few years (about five), we've managed to save almost $120,000 while mostly living on one income. We've learned so much about easy ways to save money and live a good life,” shares Martina.

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