Military Saves Blog

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

Murphy's Law and Emergency Savings

Emergency Savings
Written by Super User · 04 May 2012

Murphy’s Law and Emergency Savings

7 May 2012
By Adrianna Domingos-Lupher, AFC®
Owner, Military Money Chica, Personal Finance Blog

I’m sure you’ve all met my friend, Mr. Murphy.  He’s a frequent visitor to our home and is notorious for showing up when we least expect it.  Mr. Murphy can be quite an expensive houseguest with little regards as to how his actions will impact your finances.

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Tips From a Military Saver - A Plan for Success

Budgeting Retirement Saving
Written by Super User · 02 May 2012

Tips from a Military Saver - A Plan for Success!

By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator

There are lots of folks who believe that because they make a small salary, there is no way for them to save.  “I pay my rent and my bills,” I’ve had people tell me, “and there’s just nothing left over.”  Well, our newest success story is proof positive that there IS a way for individuals and families to save no matter their income level.  Staff Sergeant Robert Zuniga is the only breadwinner for his family, yet they have a healthy 3-6 month emergency fund, have no car payments, max out contributions to his and his wife’s Roth IRAs, and are on goal to pay off their 30 year mortgage in only 12 years.  You can read Staff Sergeant Zuniga’s inspiring story here.

How does he do it, you ask? Well, I think the takeaway from his tale is that there isn’t a single thing that he does that has led to his success.  Rather, there are MANY things that he and his family do that have set them on the path to financial freedom.

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Financial Direction

Written by Super User · 27 April 2012

Lost?  Check Your GPS.  Need Financial Direction?  Set a Goal and Make a Plan!

By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator

If I need to find a particular place, I look it up on Google maps. Or enter it in the GPS.  Occasionally, because gadgets can get it wrong, I look at an actual paper map. The point is, I wouldn’t think of starting on a journey without at least some idea of where I was going. But that’s what millions of Americans are doing every day when it comes to their money. A new Planning and Progress study released by Northwestern Mutual last week found that a whopping 45 percent of Americans have no financial plan at all. Zip, zilch, nada. If you are one of those hapless folks, then it’s time to dig out your road map and at least figure out where you’re going.

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Take Your Daughter to Work Day

Written by Guest Blogger · 26 April 2012

By Andia Dinesen, AFC ®
Military Saves Coordinator

So here’s another blog about kids.  Naturally, we didn’t mean this to happen, although since today is Take your Son or Daughter to Work day I thought the kid-focused blog deserved another appearance.

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Case of the "I Wantas"

Written by Guest Blogger · 23 April 2012

By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator

Do you hate to go shopping with your kids?  It seems like everywhere we go these days, there is STUFF to buy.  When I was a kid, the check out at the grocery store might have gum, alka seltzer and a magazine or two. 

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Tip of the Day

  • Written by Guest Blogger | May 12, 2014

    When opening an account with a bank or credit union ask about overdraft, ATM & other fees that may be in fine print. http://bit.ly/2IoelBh

Saver Stories View all »

Naval Battalion's Effort Yields Team Success

Written by Super User | November 26, 2010

Construction Battalion Five, DETAIL CHINHAE would like to share our campaign success story with you!

Currently we have 23 members on our Det, (all of whom have registered with militarysaves) and out of them 16 are planning for retirement by saving and investing money in the Federal Thrift Savings Plan.

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One That Almost Got Away

Written by Super User | November 26, 2010

Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

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One Sailor's Course to Financial Freedom

Written by Super User | November 26, 2010

We all know its not easy to get out of debt once you in over your head. But it can be done with the sound advice and support that the Military Saves program offers. I am a testament to that. I was a recently divorced, single mother. Like many people I had credit card debt, a car loan, bad credit, and a low income job that never seemed to be enough to put food on the table.

Then I decided I'd had enough of living paycheck to paycheck and worrying about money all the time.

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