Military Saves Blog

Blog

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

Emergency Fund - Budgeting for the Unexpected

Emergency Fund Emergency Savings
Written by Guest Blogger · 20 April 2012

By Andia Dinesen, AFC ®
Military Saves Coordinator

Nearing the end of a long month… the 15th has passed and then there are still two more weekends until payday.How did this happen, how am I running out of money already?

Read more ...

TSP Rolls out Roth in May

Written by Super User · 18 April 2012

by Miriam Darden Settles, CFP®
Federal Retirement Thrift Investment Board

Roth:  What’s it all about?

Simply put, Roth is all about options when it comes to the tax treatment of your TSP savings.  If you decide to make a Roth TSP contribution, the amount that you contribute comes out of your pay after-tax rather than before-tax as it does now.  That means that when you take withdrawals from your Roth balance, your Roth contributions come out tax-free because you’ve already paid the tax on them.  Not only that, but the earnings on those contributions are also tax-free provided you meet two basic Internal Revenue Service (IRS) requirements.*

Read more ...

Ready. Save. Buy.

Bonds
Written by Guest Blogger · 13 April 2012

By Lila Quintiliani, AFC ®
Military Saves Assistant Coordinator

Just like clockwork they would arrive each year – the little certificates announcing that my aunt had purchased another savings bond for my birthday.  A few weeks and a thank you note later (Auntie A was always a stickler for the niceties), and a crisp Series EE savings bond would arrive in the mail.  When my daughters were born a few years ago, the tradition continued. 

Read more ...

Tip of the Day

  • Written by Guest Blogger | March 17, 2014

    Check out the #savings checklist tool containing 15 “savings accomplishments” to assess your savings effectiveness: http://ow.ly/C7tox

Saver Stories View all »

Meet Wacinque BeMende

Written by Super User | November 26, 2010

Meet Wacinque BeMende. He’s so passionate about encouraging savings and promoting financial literacy, he’s established his own Kid’s Savings Program. Wacinque donated $15,000 to the Community Action of Laramie County in Cheyenne Wyoming to begin the Wacinque “ Rhino” Fund Endowment to help kids open savings accounts.

Read more...

Building Wealth by Setting Goals

Written by Super User | April 24, 2013

My name is Allison Mecadon and I’m a Youth Coordinator with the Virginia National Guard Youth Program. My husband, Tom, is an M-Day Army National Guard Member (an M-Day member is one who performs weekend drill, but is not on full-time duty).

Read more...

On the Right Track to Build Wealth

Written by Super User | April 16, 2013

My name is Robina Wahl, and I am a military wife and a veteran. Although I am fairly new to the Military Saves Campaign, the message to “Build Wealth, Not Debt” reassured me that my husband and I were on the right track and doing the right things.

I have always been pretty responsible when it comes to saving and living within my means, but I was not prepared for the unpredictable employment lifestyle of being a Reservist and military spouse.

Read more...