Military Saves Blog
Tips, advice, and the latest news from the savings world.
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?
Lessons Learned While Interning at America Saves
September 6, 2012
by Dylan Tansy
America Saves Intern
Ten weeks ago I began my summer internship with America Saves not entirely knowing what I would be doing or what I would learn. It was my first time in Washington DC, and the first time I’ve lived further than 10 minutes from the beach in California. I was extremely excited to learn about social media marketing, and what goes in to running a national campaign like this. One thing I did not anticipate, however, is just how much I would learn about saving and how important it is. For this I am extremely grateful, as I will be finishing my undergraduate degree in a few months and am preparing to enter the “real world” for the first time. These are the lessons that I learned just in time:
by Lila Quintiliani, AFC®
Military Saves Assistant Coordinator
The Better Business Bureau and McGraw-Hill recently released a free iPhone app called Military & Money (if you don’t have an iPhone or iPad, you can also access the app online at www.militaryandmoney.com). The app features instructional videos and calculators to help reduce debt, increase savings and build budgets while on the go. This past weekend, I downloaded it and gave it a try. I found that overall the tool is pretty useful, especially if you’re looking for general information on a variety of personal finance topics, with just one area that could use some beefing up.