Military Saves Blog

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

Five Money Moves to Make By Your First Duty Station

Debt Credit History Military Millennials Managing Credit Savings Goals
Written by Alecia Blair · 30 May 2017

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

As a new recruit after basic training, there's a lot to learn about your branch of the military, job or MOS (military occupation specialty), and first duty station. How well (and how quickly) you learn these skills can impact your military career.

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New Partner Packet on Military Millennials, Managing Debt/Credit

Written by Alecia Blair · 25 May 2017

Here are some numbers that might surprise you: Millennials now make up the largest generation—83.1 million "Generation Y" 18 to 34-year-olds are entering the workforce and joining our armed services. And millennials—21 to 34-year-olds—hold an estimated $1.1 trillion of the country's $3.6 trillion in consumer debt.

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Deploying? Review Your Finances

Emergency Fund Deployment Deployment Savings Deployment Finances
Written by Guest Blogger · 15 May 2017

By the USAA Educational Foundation

Deployment: It’s a basic fact of military life. It’s also one of the most challenging situations a military family can face. Lives and living situations change. Family routines are interrupted. Finances may be altered.

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The Tale of Two Rentals: How to compare your rental options during a PCS

PCS PCS Moves Renting BAH
Written by Guest Blogger · 03 May 2017

By Corrinne McKenna, AFC®

I’m often asked by my military clients, “should I buy or rent a home?” In many cases, renting is the best option due to inadequate savings funds to handle unforeseen home repairs, uncertainty about how long the home will be occupied and unwillingness to become a landlord or sell the home at a loss if a sudden PCS causes the service member to relocate.

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Combat Changes in Your Paycheck with Battle-Hardened Transition and Emergency Funds

Emergency Fund Emergency Savings Deployment Military Life PCS Moves TDY
Written by Alecia Blair · 25 April 2017

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

Permanent change of station (PCS) moves, temporary duty (TDY), deployment—all of these major changes are a constant in military life. While a military paycheck is predictable twice a month, these life changes bring significant income volatility and increases or decreases in expenses, which can make your budget a moving target. Here are five solutions to help meet these challenges.

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Tip of the Day

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

    Kids learn from you, whether you’re teaching them or not. Get financially fit with help from @CFPB: http://bit.ly/2j2E0Hk #MSW2017

Saver Stories View all »

Naval Battalion's Effort Yields Team Success

Written by Super User | November 26, 2010

Construction Battalion Five, DETAIL CHINHAE would like to share our campaign success story with you!

Currently we have 23 members on our Det, (all of whom have registered with militarysaves) and out of them 16 are planning for retirement by saving and investing money in the Federal Thrift Savings Plan.

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One That Almost Got Away

Written by Super User | November 26, 2010

Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

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Airman Succeeds Through Dedication to Building Wealth Not Debt

Written by Super User | October 13, 2011

I came into the Air Force at 23 years old in 1993 with about 12 outstanding bills (hospital bills, car loan, car insurance, school loans, credit cards, etc.). You name it, I had the bill. Thanks to the Family Support Center, Dave Ramsey's Financial Peace University, and many other sources, I now have no outstanding bills.

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