Military Saves Blog
Tips, advice, and the latest news from the savings world.
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.
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?
How Teaching Good Money Skills Early Pays Off in the Long Run
September 25, 2012
by Kimberly Shuck
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.
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.
Why I Love My Emergency Fund
September 20, 2012
By Rebecca White
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: