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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 Guest Blogger | March 1, 2014

    Are you ready to set your #savings goal and make a plan to achieve it? Take the Military Saves Pledge today http://ow.ly/C7sGZ

Saver Stories View all »

How Smart Financial Decisions Can Create Opportunities 

Written by | November 22, 2019

Written by Stephen Ross, America Saves Program Coordinator | November 22, 2019

Of the many stories Military Saves shares, most describe how someone was in dire straits financially and worked their way out of it with the help of Military Saves. This time we want to highlight a different kind of story. This is a story about how responsible financial decisions can build on one another to create opportunities you thought only the super-rich enjoy.

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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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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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