Military Saves Blog
Tips, advice, and the latest news from the savings world.
Saving as a Couple: How My Husband Caught the Savings Bug
29 August 2012
By Andia Dinesen AFC ®
Military Saves Coordinator
While my husband and I have grown as a couple over the last decade and a half, we have also grown individually. About three years ago I became very interested in personal finance. My husband didn’t necessarily grow with me in that direction. Mostly, I was interested in how couples dealt with their finances together. It is hard to find a couple where each person has the same exact ideas about money. There are many things that affect the way someone feels about their finances. It is quite personal, hence the name. Although when you are one half of a couple, you have to make important financial decisions together, which can be challenging at times.
Seven Savings Tips for Young Adults
by Eric Bell, Editor-in-Chief, YoBucko
Saving money can be tough when you're just starting out in the real world. To help you understand how to save more money in your twenties, here are seven simple savings tips to help you save more money:
Protecting Your Savings: Is the SGLI Enough?
August 21, 2012
By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator
To be a successful saver, you’ve really got to have all your bases covered. You could have a nice fat bank account, but if you don’t have auto insurance and you get in an accident, or if you don’t have renter’s insurance and your dog bites the neighbor’s kid, you could be in big financial trouble. So in order to preserve what you’ve got, you can’t ignore what I like to term “the boring stuff.” Yet life insurance is something that most service members are completely uninterested in. Yeah, I’ve got SGLI. That’s all I need. Yawn. But it’s not quite as simple as that. For some servicemembers, the standard top tier of SGLI coverage, $400,000, is way too much, but for many others, it is not nearly enough.
August 17, 2012
By Katie Bryan, America Saves Communications Manager
Over the past six weeks, the America Saves blog has featured a number of debt related articles. Given that getting out of debt is one of the most cited savings goals by American Savers, we sincerely hope that these many articles have been informative and helpful. We would like to thank our guest bloggers who have contributed some fantastic articles, as well as feature them once again before beginning our next theme for Young Savers and their parents.
Saving for Retirement: TSP Contribution Allocations and Interfund Transfers—What’s the Difference?
August 15, 2012
by Miriam Darden Settles, CFP®
Federal Retirement Thrift Investment Board
Contribution allocations and interfund transfers are transactions that you can make so that your TSP money is invested in the funds that you want. What’s the difference between the two? One directs the new money coming into your account, while the other lets you move around the money that’s already in your account.
Let’s take them one at a time.