Military Saves Blog

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

Education Benefits for Service Members and their Families

Written by Lila Quintiliani · 06 August 2019

by Lila Quintiliani, AFC®

Service members and their families can save on college and education expenses by taking advantage of available military benefits. But it is not always easy to keep up with the vast amount f information on the topic. Here is an overview of some of the resources out there: 

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How to Protect Yourself Against Scammers Targeting the Military

Online Scams Scams Military Consumer Month
Written by Lila Quintiliani · 02 July 2019

July is Military Consumer Month, a good time to draw attention to the scammers that target service members and their families.

The email looked very official -- it featured the red, white, and blue Bank of America logo and claimed to detect suspicious activity on Stephanie Talcott’s debit card. In small print at the bottom of the email, it stated that the bank might ask for information like PIN number, account number, or Social Security number.

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Make the Most of Your Vacation with These Easy Summer Savings Tips

Savings Tips Summer Savings Military Life
Written by Lila Quintiliani · 26 June 2019

Summer is here and whether you are road tripping, flying overseas, or simply having a staycation, it can be tough to save money when you’re in vacation mode and the kids (or adults!) have time on their hands.

We’ve asked several bloggers to share their summer savings tips.

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Do You Really Know the Score? Three Important Credit Tips

Credit History Credit Score Research
Written by Lila Quintiliani · 19 June 2019

Do you really understand your credit score? A recent survey by Consumer Federation of America (our parent organization) and VantageScore Solutions suggests that most people think they know more than they do. The 9th annual survey showed that while more consumers (55%) had recently checked their credit scores than in past years, fundamental knowledge of credit scoring went down by 10-20% since the first survey in 2012.

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How Fighting Aliens Can Help You Learn About Personal Finance

Consumer Protection CFPB Financial Education Misadventures in Money Management
Written by Guest Blogger · 10 June 2019
by Jim Rice, Assistant Director for the Office of Servicemember Affairs at the CFPB

The Consumer Financial Protection Bureau (CFPB) recently expanded its Misadventures in Money Management (MIMM.gov) financial education tool to all active-duty service members, including those in the Reserve or the National Guard.

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Tip of the Day

  • Written by Guest Blogger | March 26, 2014

    Need #savings tips? Check out these 54 savings tips & boost the amount of #money you can #save http://ow.ly/sfsPP

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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From Shopaholic to Saver

Written by Jackie Toops | January 13, 2021

Many of us spend too much money on things we don’t need, but we don’t always know why. It’s easy to get a quick fix from retail therapy, but before we know it, our hard-earned money is gone. Oftentimes, when we engage in a “shopaholic” lifestyle or sporadic shopping sprees, we still experience feelings of emptiness, but to make it worse, we now have debt, too.

Khanmany was a shopaholic who turned everything around. She is active duty Navy and shares, “I was spending too much on things I didn't need. I was going shopping for no reason and was trying to fill a void. I was running up every credit card I owned to include Victoria's Secret, Military Star, Navy Federal, TJ Maxx, JCPenney, Macy's, USAA, and was only paying the minimum payments.”

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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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