Military Saves Blog


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

Grow Your Tax Refund with Savings Bonds

Tax Time Saving Bonds Tax Refund
Written by Super User · 11 March 2013

March 11, 2013

By U.S. Department of the Treasury

Expecting a tax refund this year? If so, consider a convenient savings option offered by the U.S. Department of the Treasury. Taxpayers can buy paper Series I Bonds, in amounts ranging from $50 to $5,000, with their annual tax refund.

Read more ...

Grab a Wingman to Help You Save and Stay Resilient During Tough Financial Times

Written by Super User · 07 March 2013

Grab a Wingman to Help You Save and Stay Resilient During Tough Financial Times

March 7, 2013
By The Wingman Project

There are a lot of things we can do to set and meet our goals for savings on an individual level. From paying off debts and automating savings deposits to opening an emergency fund and setting money aside for retirement, the possibilities for savings success are endless.

Unfortunately, it's easy to put off the task of saving money, and the thought may seem daunting if you're just starting out. Having a Wingman by your side who keeps you on track can make meeting your financial goals much more realistic and less daunting than going at it on your own.

A Wingman can be anyone—a significant other or spouse, a close friend, a relative, or even a colleague from your unit. Find someone you trust, and someone you know will be there to help you stick to your goals.

Read more ...

America Saves Week: Our Work is Not Finished

America Saves Week
Written by Super User · 06 March 2013

March 6, 2013

By Katie Bryan, America Saves Communications Manager

America Saves Week may be over but our work is not finished. The sixth annual national survey assessing household saving, released as part of America Saves Week, revealed that only about half of Americans reported good savings habits.

Read more ...

How to Make Sure You Have a Smooth Move

PCS Moves
Written by Super User · 06 March 2013

How to Make Sure You Have a Smooth Move

March 6, 2013
By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator
Communication & Outreach

Permanent Change of Station (PCS) season is fast approaching, and most military families start doing research on housing, schools and installation amenities as soon as they get orders in hand.  Perhaps the best way to prepare for a move, however, is by having an emergency fund in place.  Moves are expensive, and although many of the costs may (eventually) be reimbursed, there are plenty of unexpected pitfalls that may be encountered.  These difficulties can derail the best of budgets and plunge military families into debt.

Know Before You Go

There are some costs that come immediately to mind when you think about your PCS:  transportation to your new duty station, meals and lodging enroute and temporary lodging when you get there.  Those are among the things that will be reimbursed by the government.  And Defense Finance and Accounting Service (DFAS) has detailed information on these entitlements and how to file for them.  There are, however, a host of non-reimbursable costs that you might encounter including:

·    Shipping a pet overseas (and entry fees, vet exams, containers and vaccinations)
·    Cost of switching over license plates and registration to a new state or country
·    Replacing all condiments, perishable goods and cleaning products at a new duty station and possibly having to buy new drapes or other furnishings
·    Cost of shipping a second vehicle overseas (or cash to buy a new vehicle after arrival)
·    Setting up new cell phone, cable and internet services
·    Putting down a security deposit and a pet deposit

There are also likely to be delays in getting pay adjusted as well as delays in obtaining travel settlements and other reimbursements.

Read more ...

How I Learned to Budget in D.C.

Budgeting Spending
Written by Super User · 05 March 2013

How I Learned to Budget in D.C.

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

by Kristina Wedseltoft
America Saves Intern

Moving from California to Washington D.C. for 3 months was a drastic change in it itself, but learning how to budget my money effectively was an entirely different kind of change. In San Diego I had a job working at our school bookstore and for the most part didn’t really concern myself with creating or following a budget. But once I came to D.C. my only source of income was going to be the money my mom gave me on the first of each month. Before I left California I decided to create a budget that I thought would be perfect. But it wasn’t until I was here in D.C. that I figured out my spending habits had to change.

Read more ...

Tip of the Day

  • Written by Guest Blogger | March 7, 2014

    Make sure your financial advisor’s title is accredited, and that he/she is qualified through a training program that holds its members to strict ethical standards.

Saver Stories View all »

Involving Kids in Family Finances

Written by | April 19, 2019


One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how money works as well as the importance of saving.


When You Start Small, Saving is Easy

Written by Lila Quintiliani | August 12, 2019

When Attiyya first got married, she and her Marine husband had just graduated from college and were focused on paying off student loan debt. They had both attended private schools and had sizeable loans. Then three months after the wedding, the couple found out they were pregnant with their first child.

The first year of their marriage, says Attiyya, was a balancing act between paying down debt and saving for the future.


How Smart Financial Decisions Can Create Opportunities 

Written by | November 22, 2019

Written by Stephen Ross, America Saves Program Coordinator | November 22, 2019

Of the many stories Military Saves shares, most describe how someone was in dire straits financially and worked their way out of it with the help of Military Saves. This time we want to highlight a different kind of story. This is a story about how responsible financial decisions can build on one another to create opportunities you thought only the super-rich enjoy.