Military Saves Blog

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

Saving as a Couple: How My Husband Caught the Savings Bug

Saving
Written by Super User · 29 August 2012

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.

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Seven Savings Tips for Young Adults

Young Savers
Written by Super User · 23 August 2012

Seven Savings Tips for Young Adults

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

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:

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Protecting Your Savings: Is the SGLI Enough

Insurance
Written by Super User · 21 August 2012

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.

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Theme in Review: Getting Out of Debt

Debt
Written by Katie Bryan · 17 August 2012

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.

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Saving for Retirement: TSP Contribution Allocations and Interfund Transfers

Retirement TSP
Written by Super User · 15 August 2012

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.

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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 »

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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Money on the Side

Written by Super User | November 26, 2010

Camp Arifjan, Kuwait -- A colonel in the 1st Theater Sustainment Command has money on his mind.

Army Col. George Fields, the Chief of Intelligence, or G2, has been teaching a free "Managing Your Money" class here in his spare time. More than 400 students have attended his six week-long class to learn more about increasing their own finances.

"All I did was sit down and listen to a guy one day who showed me what he was doing" said the colonel as he explained how he became interested in what he calls, "becoming financially free."

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