Military Saves Blog
Tips, advice, and the latest news from the savings world.
By Katie Bryan
America Saves Communications Manager
Consumers with smartphones spend a lot of time with their device of choice. Now, with so many flashy websites and applications (apps), it’s just as easy to spend or move a lot of money through our phones. But are you taking steps to protect your identity through your Smartphone? The Los Angeles Department of Consumer Affairs developed tips to help you protect your identity at a time when many of us are using our phones to do our banking, pay our bills, or buy products with the click of a button. Here are 10 tips from Consumer Affairs on avoiding identity theft on your smartphone:
December 27, 2012
Originally published on USAA.com
Maybe you cared more about Woodstock than shares of stock. Or it could be that you kept a closer eye on your favorite MTV VJ than on your 401(k).
Whatever the reason, you've put off saving for your retirement — until now. With retirement on the horizon, you worry that you're too late, that you'll never amass enough money, that your retirement dreams will stay just dreams.
If that's you, then listen up: It's not too late! If you're within 20 or even 10 years of retirement and haven't saved, you can still get a plan rolling. Here are three ways:
December 26, 2012
By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator
Communication and Outreach
The wrapping paper is strewn around the house, you’ve had one too many helpings of pumpkin pie, and you’re afraid to go to the mailbox and get January’s credit card statements. It’s happened again: you overspent this holiday season. You’re not alone. According to one survey, despite the financially tough times, the average American planned to spend more on holiday gifts this year than last. If you didn’t pay cash, you must now pay for those gifts. And if you want to start the New Year off on the right note, you’ll need to have a recovery strategy for your finances.
Stop Spending – You may be tempted to take advantage of all the after holiday sales, but if you already can’t pay for the gifts you gave, you should stop accruing more debt.
December 20, 2012
by CPO Tim Duncan, USN
The bi-weekly regularity of military pay, along with the relative job security we enjoy, creates a paycheck-to-paycheck culture where saving has been placed on the back burner. Regrettably, many servicemembers have little to no savings in place, while others have found themselves overburdened with debt. Yet there are many programs in place that help us overcome this trend, and the Thrift Savings Plan is the most powerful savings tool among them.
America Saves, an initiative of the Consumer Federation of America, and Sallie Mae recently released a tip sheet to provide recent graduates with information and tips on how to pay their student loans.
The information is particularly timely: the six-month transition period that most new college graduates are given before they are required to begin paying down their student loans comes to an end in November and Class of 2012 graduates with student loans will shortly begin to make their first payments.
“This November, many new college graduates will need to factor student loans into their spending and saving plans,” said Nancy Register, director, America Saves. “This may be the first time many students have had to create a budget and savings plan to ensure they can meet both their financial responsibilities and save for their future.”
“By following a few simple guidelines, graduates can take control of their finances and make student loan repayment manageable,” said Martha Holler, senior vice president, Sallie Mae. “Proactively planning and working with your loan servicer now will make for a successful transition to repayment.”