Military Saves Blog


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

There's Always Money in the Banana Stand, Right?

Retirement Millennial
Written by Super User · 17 October 2012

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

By Sean Naron
Administrative and Advocacy Associate, Consumer Federation of America

Born in the fall of 1989, I am considered a member of the “Millennial Generation.” Millennials are often described as possessing an assortment of distinct character traits, the majority of which are not exactly positive. We have been labeled as narcissistic, a generation of multitaskers obsessed with online profiles (or online anything really), and have been dubbed the “instant gratification generation.”
While the jury is still out to how true all these labels are, a new study has shown that one commonly held idea about millennials is very accurate: too many of us hope to rely on our parents for financial support. A survey conducted by TD Ameritrade (via USA Today) found that 40 percent of teenagers and young adults between the ages of 13-22 believe their parents will leave them a sizeable inheritance.

The reality?
Only 16% of parents said that they expect to provide an inheritance for their children.

So, fellow millennials, listen up: as much as we would like it to be true, we can’t bank on receiving an inheritance from Mom and Dad. We need to save for our own retirement.

Read more ...

The Basics of Saving

Savings Tips
Written by Super User · 16 October 2012

October 16, 2012
by Lila Quintiliani, AFC®

Military Saves Assistant Coordinator

Saving money regularly can seem daunting at first, especially if it seems like you don’t have a great deal of money left over at the end of the month after all the bills have been paid.   Without savings, however, even the smallest mishap, such as an automobile repair, can become a major financial disaster.  So what is the best way to start?

Read more ...

6 Tips to Get a Handle on Debt

Debt Budgeting
Written by Super User · 11 October 2012

6 Tips to Get a Handle on Debt

October 11, 2012
Originally published on

The federal government's search for a solution to its mounting debt burden continues to dominate the news. It also has prompted many Americans to scrutinize their own budgets.

A Dose of Reality
"The nation's debt situation has been a good wake-up call," says Scott Halliwell, a CERTIFIED FINANCIAL PLANNER™ practitioner at USAA. He says nearly a third of the questions he receives from members in Ask USAA with Scott Halliwell are about credit or debt.  His message is simple: Just because you can borrow money doesn't mean you should.
"Live your life in a way that minimizes your need to take on debt. That means living on less than you make and — when debt is necessary — using less of it than lenders are willing to give you," says Halliwell.
That's something USAA member Nikki Tracht learned the hard way. Just seven months ago, her family's debt had climbed to nearly $350,000 — not counting the family’s home mortgage. So she and her husband sat down and created their first budget ever.
"We've been married almost 10 years, but we had never made a point of figuring out where our money was going," Tracht admits.
But they didn't just make a budget, they stuck to it. And after just seven months and the sale of an unprofitable rental home, the couple's debt is down to $131,000. And with more than $30,000 of their personal debt paid down since last October, their "debt ceiling" continues to fall.

Read more ...

Unconventional Ways to Save $200 or More in a Month

Written by Super User · 10 October 2012

Unconventional Ways to Save $200 or More in a Month

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

October 10, 2012
by Aaron, writer for - a personal finance site devoted to helping folks keep a few more bucks in their pocket. You can also follow them on Twitter (@3thriftyguys) and Facebook.

Let’s face it – it’s really hard to save money when the bills are piling up and you feel like you’re just living paycheck to paycheck. So, what are some ways you can save that are a little more unconventional, but will get you some positive cash reserves?

Here are a few things that I like to employ to help me save money each month:

Read more ...

67% of Middle Class Makes Bad Financial Decisions

Written by Super User · 04 October 2012

67% of Middle Class Reports Making Really Bad Financial Decisions

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

October 4, 2012
By Katie Bryan, America Saves Communications Manager

Last week the Consumer Federation of America and Primerica found that two-thirds of middle class Americans acknowledge having made financial mistakes, often costly ones.

The new report also concluded that the financial condition of most middle class families is challenging. For example, in 2010 the typical middle class family had financial assets of $27,300 – including retirement savings but not pensions – which was 28 percent less than the $37,800 held in 2007.

Read more ...

Tip of the Day

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

    A #taxrefund can provide an opportunity to improve your financial situation: @MilitarySaves

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.


A Plan for Success

Written by Super User | April 26, 2012

I’m Staff Sergeant Robert Zuniga and I have been an active duty Air Force medic for eight years. I plan on staying in long enough so that I can retire at 20 years. I have always been interested in personal finance and would like to share how it IS possible for me and my stay-at-home wife and two kids to not only save and invest a ton of money but also have a lot of responsible fun as well on 'low' enlisted pay. You CAN do it too!

First off, we write down our goals and separate wants from needs.


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.