Military Saves Blog

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

The Finance Data Directory: Get Your Government Data Here

Written by Super User · 02 October 2012

October 2, 2012
by Lila Quintiliani, AFC®
Military Saves Assistant Coordinator

Last week, as part of the Administration’s ongoing efforts to make government data more accessible, the Treasury Department launched a new Finance Data Directory.  While this move is aimed at fostering innovation amongst entrepreneurs and software developers (the Treasury Department recently hosted a contest, the MyMoneyAppUp Challenge, which solicited personal finance ideas and apps from the public), the Data Directory is also a pretty useful tool for consumers.  It’s a one-stop hub where you can find links to all kinds of financial data on many different government websites.

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How to Expect the Unexpected

Emergency Savings
Written by Super User · 27 September 2012

How to Expect The Unexpected

By Amanda Leigh Furness, AFC®

What does an Emergency look like in your life?

  • You get rear-ended at a traffic light
  • Your car is making an ominous “clunk, clunk” sound
  • There’s a call from your child’s school stating that your son has fallen off the jungle gym and an ambulance has been called
  • Fluffy eats a Christmas ornament, and there’s a big veterinarian bill
  • There’s a death in the family and you have to fly across country on a moment’s notice
  • You go to the dentist for a cleaning, and you end up getting a root canal

If the term “Emergency” sounds alarming, then why do the above examples seem so familiar?

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How Teaching Good Money Skills Early Pays Off in the Long Run

Young Savers Money Management Children
Written by Super User · 25 September 2012

How Teaching Good Money Skills Early Pays Off in the Long Run

September 25, 2012
by Kimberly Shuck
AFC® Candidate 
FINRA Military Spouse Fellow

As a child, I was taught by my parents to save my money for a rainy day.  They made sure I saved at least ten percent of any allowance, birthday or Christmas money.  I even remember saving money I received from the tooth fairy. She didn’t pay what she does now!   My parents modeled how to live within their means and be happy about it. Their actions and expectations for how I handled money laid a strong foundation for my financial success in adulthood.

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Retirement Savings: Top Savings Goal for Military Savers

Retirement Military Saves Week
Written by Super User · 21 September 2012

Retirement Savings: Top Savings Goal for Military Savers

21 September 2012
Andia Dinesen, AFC ®
Military Saves Coordinator

In a survey conducted earlier this year, Military Saves learned that the top savings goal of Military Savers is retirement, followed by debt repayment, and emergency fund.  For entire survey results, click here.

The survey, conducted a from 19 April to 10 May, 2012, was completed by over 700 Military Savers who have taken the Military Saves pledge from 2007 to 2012.  This is a convenience sample that was collected through a request to Savers through the Military Saves monthly eNewsletter, direct email, and Military Saves Facebook and Twitter pages.

The survey results can be found on MilitarySaves.org.

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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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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 »

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.

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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.”

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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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