Military Saves Blog

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

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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5 Holiday Mistakes That Could Cost You

Holiday holiday spending holiday savings
Written by Darlene Aderoju · 30 November 2018

The holidays are just around the corner, which means it’s time to enjoy vacations, catch up with family and friends, and eat great food. While the holidays are about quality time and making memories, it’s easy to get caught up with spending money. Here are five holiday mistakes to avoid this year so you can enjoy the season with your finances intact:

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BRS: To Opt-In or Not – Time is Running Out

Written by Guest Blogger · 13 November 2018

By Andia Dinesen, Executive Vice President for Communications & Operations, Association of Military Banks of America

December 31, 2018 will be the last day, for those who are eligible, to opt-in to the Blended Retirement System (BRS).  Knowing your options, understanding implications for your future, effects on your current budget, weighing pros and cons of staying on the Legacy (HIGH-3) or opting into BRS, should play a role in your decision. This is an important personal decision.

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Tip of the Day

  • Written by Guest Blogger | April 25, 2014

    Develop a long-term plan for financial readiness by creating financial goals and striving for milestones. Positive outcomes usually start with a goal and a vision. http://ow.ly/sCvQQ

Saver Stories View all »

Involving Kids in Family Finances

Written by | April 19, 2019

 

One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how money works as well as the importance of saving.

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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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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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