Military Saves Blog
Tips, advice, and the latest news from the savings world.
True Story: Starting Over
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.”
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.
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?
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.
AFC® Candidate, FINRA Military Spouse Fellow
The best thing I ever did for myself when my daughter was four was give her an allowance. She was at the age when she wanted everything in the store. “Mommy, can I have this? Mommy, will you buy me that?” Shopping with her was one of my least favorite activities. But when she had an allowance, substantial enough that she could realistically save up for the toys she wanted but not so much that she could have whatever caught her eye at any given moment, shopping became a different experience. The questions changed from “will you buy me this” to “how many weeks will I have to save up for this?” We talked about the value of money and even at that young age I
could see her weighing her options; which toy would she rather have? Was it worth six weeks of allowance or would she tire of it in less time than it took her to save for it?