Military Saves Blog

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

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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Military Life – PCS for Homeowners

Credit Score Homeownership PCS Moves Foreclosure
Written by Guest Blogger · 18 April 2017

By: FINRA Investor Education Foundation Staff

Although the housing markets have largely recovered from the real estate bust of nearly a decade ago, a Permanent Change of Station (PCS) can still create a hardship for military homeowners who may be underwater on their mortgages (i.e., owe more on their house than they can sell it for). Homeowners who receive PCS orders and believe they may be underwater on their home should ask themselves these questions before trying to sell their homes:  

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Tip of the Day

  • Written by Tammy G. Bruzon | January 26, 2017

    Set aside your #taxrefund for unexpected repairs or emergency expenses: http://bit.ly/2jargdi @MilitarySaves

Saver Stories View all »

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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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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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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