Military Saves Blog

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

How to Invest in Your Future While on Deployment

Deployment Roth TSP Savings Deposit Program
Written by Super User · 19 February 2013

How to Invest in Your Future While on Deployment

February 19, 2013
By Justin Melquist

In order to live a comfortable retirement, it is essential to set a retirement savings goal and to start saving early. Deployment is a perfect time to start saving due to the excellent benefits we receive as military members. Deploying to a tax-free zone or combat zone makes our already excellent investing options even more appealing. The Savings Deposit Program and the new Thrift Savings Plan ROTH option are both excellent ways to save while deployed.

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Savings You Can Count On

Shopping
Written by Super User · 14 February 2013

Savings You Can Count On

By Candace Wheeler
Vice President of Strategic Communications & Marketing
The Coalition to Save Our Military Shopping Benefits

As military communities across our country and overseas are gearing up for Military Saves Week (25 February – 2 March), The Coalition to Save Our Military Shopping Benefits would like to encourage all military families to take the Military Saves Pledge by visiting www.militarysaves.org.  We also want to take this opportunity to remind service members and their families that one of the best ways you can save money is by shopping regularly at your local commissary and exchange.

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Saving for Retirement: How to Avoid Financial Procrastination

TSP Retirement Savings
Written by Super User · 13 February 2013

Saving for Retirement: How to Avoid Financial Procrastination

You must remember that time is money. –James Fenimore Cooper

By Gretchen Gorline
AFC® Candidate
FINRA Military Spouse Fellow

While James Fenimore Cooper may have been referring to opportunity cost or even to lost wages, the same can be said of retirement investments. Historically, investments grow over time by the power of compounding. A key to building wealth is not just the amount of money invested but also how long it is invested.

This concept is especially pertinent in relation to retirement savings. There are calculators, illustrations, scenarios and articles that belabor this simple point: start saving early.

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Out of Sight Out of Mind: How to Save Automatically

Automatic Savings MyPay
Written by Guest Blogger · 12 February 2013

Out of Sight Out of Mind: How to Save Automatically

February 12, 2013
By Cathy Moss, AFC®

The benefits of saving can be worthy of excitement but the process to get there may not be as thrilling. This is why saving systematically is probably best done automatically. Out sight out of mind may be one of the best approaches to saving consistently. How can we accomplish this? One way is to set up an automatic transfer bi-weekly or monthly from your checking account to a savings account at your bank. But this probably allows easy access to dip into savings. So, in our family we have a savings account with a credit union that is not easily accessible. The money is allotted directly to the credit union savings account… out of sight out of mind. Allotments are easy to start via myPay or through your employer’s HR department.

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To Roth or Not?

Retirement Roth TSP
Written by Guest Blogger · 07 February 2013

By Leanna C. Rahll, CFP®

www.planningforafuture.com


In 1789, Benjamin Franklin wrote to a friend “in this world nothing can be said to be certain, except death and taxes”.  Some things haven’t changed.   But the government has created tax-advantaged retirement accounts to help you grow your wealth.

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Tip of the Day

  • Written by Guest Blogger | March 11, 2014

    The first step in getting out of #debt is to stop borrowing. Get tips on how to begin at http://ow.ly/tMA0N

Saver Stories View all »

Making Saving Automatic Leads to Personal Success

Written by Lila Quintiliani | May 27, 2020

Ryan’s savings journey started when he was an active duty airman. Frequent deployments and temporary duty assignments gave him the opportunity to save. By the time he transitioned out of active duty, he had built up a healthy rainy-day fund and had started to aggressively save for retirement.

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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.

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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.

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