Military Saves Blog

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

Positive Peer Pressure and the Envelopes in the Cupboard

Savings Tips
Written by Super User · 19 June 2012

Positive Peer Pressure and the Envelopes in the Cupboard: Adolescents Now Prioritizing Saving

By Andia Dinesen, AFC ®
Military Saves Coordinator

I started babysitting around the time I was 12 years old for the same reasons that most adolescents get jobs: to earn some money independently of the allowance my parents gave me and to become more adult. It wasn’t much money, mind you, about $2 per hour for a few times a week, but it was more money that I was used to seeing at that age. Thankfully I had someone looking out for me: my mom. Every night when I came home from babysitting, my mom made me put the money I had earned into envelopes.

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Is it Time for a Financial Tune-up?

Budgeting Financial Planning Investing Saving
Written by Super User · 15 June 2012

The following post comes from the America Saves Blog. Follow them on Twitter and Facebook.

By Michael Girazian
Union Bank, N.A.
Senior Vice President and Regional Manager

Summer road trips remind us that it may be time for a vehicle tune up. Just like regular maintenance prevents damage to your vehicle and helps ensure a smoother and safer ride, regular financial tune ups can help keep you on the road to financial security and stability.

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Take a Break With a Thrifty Getaway

Summer Savings
Written by Super User · 12 June 2012

by Lila Quintiliani, AFC®

Military Saves Assistant Coordinator

“You guys are always going somewhere,” a friend of mine exclaimed recently.  It’s true, my husband and I like to travel, and we usually try to make the most of our duty stations by seeing the local sights.  We are fortunate in our current assignment because there are plenty of things to do within a few hours’ drive.  The challenge is to make our weekend jaunts affordable, and I think we’ve done a pretty good job of that.

I’m a planner by nature and I have found that my attention to detail has come in handy when figuring out how to have fun on a budget.  Recently, we spent an enjoyable and thrifty weekend on Virginia’s Eastern Shore.  We already have plans to go back, and I have figured out how to make it even less expensive next time.  I’ll share some of my travel secrets with you if you promise not to mob our favorite vacation spots!

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Saving for Your Next Ride

Car
Written by Super User · 11 June 2012

Saving for Your Next Ride

by Lila Quintiliani, AFC ®
Military Saves Assistant Coordinator

One of my biggest financial mistakes came early on in my marriage.  My husband and I fell madly in love…with a large, extended cab pickup truck.  But the honeymoon was over when the car payments started.  After just a few months, there was a trickle down effect – because we were struggling to make the payments, we weren’t able to pay off our credit card fully each month.  We ended up carrying a balance on our card, and that balance got bigger and bigger.  After a couple of years of this, we finally realized we had to stop hemorrhaging money and we sold our truck and got a used SUV.  Eventually we paid off our credit card debt.  But we were so scarred by the experience that we now do our darnedest not to have a car payment.  And when we do have to take out an auto loan, we make paying it off one of our first priorities.

I have seen plenty of people struggling with huge car payments.  Several times I have counseled service members who had TWO car payments totaling nearly half (or more!) of their monthly take home pay.  Here are some tips for saving for your next vehicle so you won’t be crippled by your auto loan:

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Question from a Military Saver – Have you Examined your Leave and Earnings Statement (LES) Lately?

TSP
Written by Super User · 06 June 2012

By Lila Quintiliani

Military Saves Assistant Coordinator

Do you look closely at your LES?  I mean, really look at it and ponder what the various boxes mean?  Well, one soldier did, and sent us a very valid question the other day.

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Tip of the Day

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

    How well are you managing your #debt? Find out with this assessment: http://bit.ly/2hITeQu @USAAEF @MilitarySaves #MSW2017

Saver Stories View all »

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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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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Building Wealth by Setting Goals

Written by Super User | April 24, 2013

My name is Allison Mecadon and I’m a Youth Coordinator with the Virginia National Guard Youth Program. My husband, Tom, is an M-Day Army National Guard Member (an M-Day member is one who performs weekend drill, but is not on full-time duty).

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