Military Saves Blog

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

Why I Love My Emergency Fund

Emergency Fund
Written by Super User · 20 September 2012

Why I Love My Emergency Fund

September 20, 2012
By Rebecca White
AFC® Candidate
FINRA Military Spouse Fellow

Even in the best times military life can hardly be qualified as stable. We come, we go, our friends come and go and our servicemembers come and go even more. All the coming and going brings job loss, new homes, new climates, new people and new places. I love the life and I think the military does a great job of smoothing the

transitions. But when it comes to money and financial stability it’s mostly up to us. If I can say one thing about military life and money, it’s taught me to love my emergency fund. Here are the top 5 reasons why:

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True Story: Starting Over

Written by Super User · 19 September 2012

 

True Story: Starting Over

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

September 19, 2012
by Katie Bryan
America Saves Communications Manager

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

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How to Avoid Stress When You Hit Life's Potholes: Get Your Emergency Fund Revved Up

Emergency Fund Emergency Savings
Written by Super User · 18 September 2012

September 18, 2012
by Lila Quintiliani, AFC®
Military Saves Assistant Coordinator

I'm writing this post from the local garage, where I will be spending a lot of time for the next couple of days.  It started out innocently enough -- I took my husband's car in because one of his headlights was out.  See, with his make of car (a luxury brand, albeit an 8 year old one) I know you have to basically take the front end off to get to the headlights, so it's not a do-it-yourself kind of project.  But it turns out it's not just the headlight that needs replacing, there's something wrong with the ballast.  We can't drive around without a headlight, so I've got to get it replaced.  For just under $500.  Ouch.

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3 Steps to Saving Money When You Start Your First Job

Automatic Savings Young Savers
Written by Super User · 13 September 2012

September 13, 2012
By Andia Dinesen, AFC ®
Military Saves Coordinator

My friend’s son is just starting his first “real” job.  It got me thinking; if I could go back in time what would I tell myself if I was just starting my first job?  I can tell you with certainty, I would have told myself to start saving and never stop.

This is the exact advice I gave to my friend’s son, although I am not sure he was listening.  I am not sure I could say it in a way that would actually interest him.  I am pretty sure my 17 year-old self would have thought “Really?  Are you kidding me?” Things were a little easier (and cheaper) when I was 17.  Gas was less than a $1 a gallon, no one carried cell phones, especially not smart ones, and going out to the movies cost about $8! So I really had no excuse not to save money.  However, I am positive that I thought I couldn’t.  My mom did a great job beginning my savings habits at a young age, prior to the “real” job.  Remember the blog from a few months ago, Positive Peer Pressure and the Envelopes in the Cupboard?  Sadly, when I graduated from high school, moved out of the house, and went to college, the envelopes became a thing of the past.  Saving a portion of my paycheck in the savings envelope or savings account did not remain a priority.

So how do you make saving money a priority for a 17 year-old?

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5 Money Saving Tips for a Rainy Day

Emergency Savings Savings Tips
Written by Super User · 12 September 2012

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

By Kristina Wedseltoft
America Saves Intern

It’s a rainy day here at America Saves and I’m sure everyone has heard the expression “Save it for a rainy day”. Well have you been saving for a rainy day?

Not many people put saving as a priority, but saving and contributing to an emergency fund are very important. To help you kick start your

savings here are 5 money saving tips that can help you save for the next rainy day.

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Tip of the Day

  • Written by | September 30, 2014

    Rounding #debt and #mortgage payments up to the nearest $100 will get you out of debt years earlier.

Saver Stories View all »

A Disciplined Approach to Saving

Written by Super User | November 26, 2010

I just recently retired after 30 years of service with the Marine Corps. I truly enjoyed my time serving the Corps and I flourished in the disciplined environment. I also took a disciplined approach to saving. Here are some of the tactics I used-they are very low to moderate risk.

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Airman Succeeds Through Dedication to Building Wealth Not Debt

Written by Super User | October 13, 2011

I came into the Air Force at 23 years old in 1993 with about 12 outstanding bills (hospital bills, car loan, car insurance, school loans, credit cards, etc.). You name it, I had the bill. Thanks to the Family Support Center, Dave Ramsey's Financial Peace University, and many other sources, I now have no outstanding bills.

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Meet Wacinque BeMende

Written by Super User | November 26, 2010

Meet Wacinque BeMende. He’s so passionate about encouraging savings and promoting financial literacy, he’s established his own Kid’s Savings Program. Wacinque donated $15,000 to the Community Action of Laramie County in Cheyenne Wyoming to begin the Wacinque “ Rhino” Fund Endowment to help kids open savings accounts.

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