Military Saves Blog


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

5 Resolutions to Get You Saving in the New Year

Written by Guest Blogger · 18 December 2012

December 18, 2012

Andia Dinesen, AFC®
Military Saves Coordinator

As the end of 2012 quickly approaches, make sure to give your finances a checkup and discover if you need to make saving your New Year’s resolution. You may discover that you have debt you need to pay down or that you are ready to take the next step in savings. Helping yourself and your family save successfully for the future should be near the top of your resolution list – and it’s one resolution you can’t afford to break! Remember, you don’t have to make a lot of money to save successfully. Start Small. Think Big.

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What a Nine-Year Old Knows about Savings - Part 2

Youth Saving Children
Written by Super User · 17 December 2012

By Andia Dinesen, AFC ®
Military Saves Coordinator

When asked about saving, kids have a lot to say.  They may be repeating what they have heard from their parents, at school, or even something they’ve seen on TV.  But, they are beginning to form their own opinions at a young age.  It is interesting to see what they think of money and saving.  It is clear we all have different feelings about money and those feelings can begin to develop pretty early in life. In our last installment of What a Nine-Year Old Knows about Savings we found that both girls interviewed were saving from money they earned doing chores.  This new interview was a little different.

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Tools You'll Want to Use from the TSP

TSP Thrift Savings Plan
Written by Super User · 13 December 2012

December 13, 2012
by Miriam Darden Settles, CFP®
Federal Retirement Thrift Investment Board

With its rollout of the Roth option this year, the Thrift Savings Plan (TSP) created educational materials (both printed and online) to help you understand how Roth works and determine if it’s the right choice for you. 

New online calculator

We have a new calculator on our website:  The Contribution Comparison Calculator.  It allows you to compare the effects—on your paycheck today and your TSP balance in the future—of making Roth contributions vs. traditional contributions.  If you’re thinking about Roth, we encourage you to try it out.  Visit the Planning & Tools tab on our website,

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Personal Loans 101: Understanding APR

Debt Credit Loans
Written by Super User · 12 December 2012

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

December 12, 2012
By Nadjha Johnson, America Saves Intern

The nature of traditional installment loans can be complicated and misleading. Luckily, The American Financial Services Association Education Foundation (AFSAEF) has created a financial literacy initiative called Personal Loans 101. Personal Loans 101 educates potential borrowers, policymakers, and other interested parties on the framework of installment loans.

In today’s world, almost everyone needs access to credit. Whether it is to make a small purchase, pay for an unexpected emergency, repair the car or obtain a mortgage on your first home, everyone must have access to affordable credit.

But how do you choose the best loan to fit your individual circumstances? If you are like most Americans, you want a loan that is relatively easy to obtain and understand. You do not want to go through a lengthy, complicated and confusing process to determine what loan or credit product best meets your needs. You want an easy way to compare them. The latest brochure from AFSAEF: Understanding APR defines Annual Percentage Rate (APR) and explains how to calculate the true value of loans. The brochure includes:

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The CFPB's Office of Servicemember Affairs: an Important Resource for Military Families

Consumer Protection
Written by Super User · 11 December 2012

December 11, 2012
By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator,
Communication and Outreach

Not all servicemembers and their families realize it, but there is a government institution watching their back on financial matters.  It’s the Consumer Financial Protection Bureau (CFPB) and its Office of Servicemember Affairs (OSA), whose mission is to educate and empower military families to make better-informed decisions on financial products and services.  But they don’t just disseminate information – they also collect consumer complaints, actively monitor them, and coordinate with state and federal agencies to help strengthen consumer protection laws that safeguard the military community.  In just over a year, they have already handled over 3,000 military complaints.

While the CFPB is not the only place that takes complaints from servicemembers (others include the Better Business Bureau Military Line, the Federal Trade Commission, and the Internet Crime Complaint Center), its ability to work with a variety of agencies (including the Department of Defense, Department of Veterans Affairs, Department of Justice, and state attorneys-general) to pinpoint military consumer law violations, issue industry guidance, and bring enforcement actions puts it in a unique position to help military families through a wide range of tools.

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Tip of the Day

  • Written by Guest Blogger | April 30, 2014

    Check out these 54 Ways to #save on groceries, transportation and more >>

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.


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.


Setting a Goal Leads to Success

Written by Super User | May 24, 2019

Growing up, Marisa’s dad had always talked about saving first, but she said she didn’t really internalize it until much later. “I was drifting along with no plan, carrying a little bit of revolving debt, saving some money here and there, but without a real plan for it.”