Military Saves Blog

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

Ten Great Ways to Spend Your Second Stimulus Check

Student Loans Emergency Fund Emergency Savings Savings Tips Retirement Save For The Unexpected Pay Down Debt
Written by Lila Quintiliani · 04 January 2021

The federal government has started sending out the second round of stimulus checks (more formally called Economic Impact Payments). These may be the final round of payments to go out, so having a plan in place is key.

Previously, we’ve told you about things to ask yourself before you spend your stimulus check, and we’ve given you a decision tree to help you make spending choices that are right for your situation. Now we’re giving you ten ideas for this next – and possibly last – payment.

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Three Things About Money That I Learned from Hallmark Movies

General Savings
Written by Lila Quintiliani · 11 December 2020

The leaves have fallen, the air is crisp, and the flavors have shifted from pumpkin spice to peppermint mocha. Yes, it’s winter and time for the television programming lineup to be filled with movies that have improbable plot twists and lots of foreign princes. Yet aside from the epically decorated houses, the fake snow, and the cheesy love stories, you can actually learn some money lessons from these holiday flicks.

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Your Pay May Be Going Up This Month – But There’s a Catch

Written by Lila Quintiliani · 09 September 2020

Later this month, the United States government will be implementing a payroll tax deferral for about 1.3 million federal employees. The White House order specifically targets a 6.2% tax that employers deduct from wages to help fund Social Security. The details have not been completely fleshed out, but if you are a federal employee, including a military service member, here’s what you need to know about this deferral:

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How Military Families Can Save $500 to $1,000 for Emergencies

Emergency Fund save automatically Save For The Unexpected
Written by Lila Quintiliani · 23 August 2020

Maintaining an emergency savings account may be the most important difference between those who manage to stay afloat and those who sink in debt. An emergency fund consists of a small amount of money, usually in a savings or share account, that you do not have easy access to. Keeping $500 to $1,000 of savings for emergencies can allow you to easily meet unexpected financial challenges such as:

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Discover Your Military Money Personality Type

Think Like A Saver
Written by · 08 July 2020

Did you know that you have a ‘Money Personality’ that gives insight into your relationship with money, your impulses, how you save, and how you spend? At Military Saves, our goal is to encourage you to save successfully. Knowing your money personality type can give you clues on how to be most effective on your journey to saving more, reducing debt, and starting to build wealth.

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Tip of the Day

  • Written by Katie Bryan | November 28, 2013

    Set a goal, make a plan, #save automatically - pledge to save today!  http://ow.ly/ksLWb

Saver Stories View all »

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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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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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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