Military Saves Blog

Blog

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

Tales from a Not-So-Extreme Couponer

Savings Tips Shopping
Written by Super User · 25 June 2012

Tales from a Not-So-Extreme Couponer

by Lila Quintiliani, AFC®
Military Saves Assistant Coordinator

Grocery AisleFeeling the pinch at the register lately?  It’s not your imagination – prices *are* going up.  The Consumer Price Index (which essentially measures the change over time in the cost of a basket full of goods) for food went up 2.9% over the last year.  Some items, such as meats, eggs and seafood went up a lot more than that – turkey went up 9.2%, eggs were up 9.5% and canned/shelf stable seafood went up a whopping 11.3%.  Since you can’t just stop buying groceries, the trick is to shop smarter and be more discriminating.

Here’s how I save when I shop for groceries.  I won’t be featured on any of the extreme couponing shows, but I do manage to keep our food bill within our budget.

Read more ...

Positive Peer Pressure and the Envelopes in the Cupboard

Savings Tips
Written by Super User · 19 June 2012

Positive Peer Pressure and the Envelopes in the Cupboard: Adolescents Now Prioritizing Saving

By Andia Dinesen, AFC ®
Military Saves Coordinator

I started babysitting around the time I was 12 years old for the same reasons that most adolescents get jobs: to earn some money independently of the allowance my parents gave me and to become more adult. It wasn’t much money, mind you, about $2 per hour for a few times a week, but it was more money that I was used to seeing at that age. Thankfully I had someone looking out for me: my mom. Every night when I came home from babysitting, my mom made me put the money I had earned into envelopes.

Read more ...

Is it Time for a Financial Tune-up?

Budgeting Financial Planning Investing Saving
Written by Super User · 15 June 2012

The following post comes from the America Saves Blog. Follow them on Twitter and Facebook.

By Michael Girazian
Union Bank, N.A.
Senior Vice President and Regional Manager

Summer road trips remind us that it may be time for a vehicle tune up. Just like regular maintenance prevents damage to your vehicle and helps ensure a smoother and safer ride, regular financial tune ups can help keep you on the road to financial security and stability.

Read more ...

Take a Break With a Thrifty Getaway

Summer Savings
Written by Super User · 12 June 2012

by Lila Quintiliani, AFC®

Military Saves Assistant Coordinator

“You guys are always going somewhere,” a friend of mine exclaimed recently.  It’s true, my husband and I like to travel, and we usually try to make the most of our duty stations by seeing the local sights.  We are fortunate in our current assignment because there are plenty of things to do within a few hours’ drive.  The challenge is to make our weekend jaunts affordable, and I think we’ve done a pretty good job of that.

I’m a planner by nature and I have found that my attention to detail has come in handy when figuring out how to have fun on a budget.  Recently, we spent an enjoyable and thrifty weekend on Virginia’s Eastern Shore.  We already have plans to go back, and I have figured out how to make it even less expensive next time.  I’ll share some of my travel secrets with you if you promise not to mob our favorite vacation spots!

Read more ...

Saving for Your Next Ride

Car
Written by Super User · 11 June 2012

Saving for Your Next Ride

by Lila Quintiliani, AFC ®
Military Saves Assistant Coordinator

One of my biggest financial mistakes came early on in my marriage.  My husband and I fell madly in love…with a large, extended cab pickup truck.  But the honeymoon was over when the car payments started.  After just a few months, there was a trickle down effect – because we were struggling to make the payments, we weren’t able to pay off our credit card fully each month.  We ended up carrying a balance on our card, and that balance got bigger and bigger.  After a couple of years of this, we finally realized we had to stop hemorrhaging money and we sold our truck and got a used SUV.  Eventually we paid off our credit card debt.  But we were so scarred by the experience that we now do our darnedest not to have a car payment.  And when we do have to take out an auto loan, we make paying it off one of our first priorities.

I have seen plenty of people struggling with huge car payments.  Several times I have counseled service members who had TWO car payments totaling nearly half (or more!) of their monthly take home pay.  Here are some tips for saving for your next vehicle so you won’t be crippled by your auto loan:

Read more ...

Tip of the Day

  • Written by Guest Blogger | April 25, 2014

    Develop a long-term plan for financial readiness by creating financial goals and striving for milestones. Positive outcomes usually start with a goal and a vision. http://ow.ly/sCvQQ

Saver Stories View all »

Money on the Side

Written by Super User | November 26, 2010

Camp Arifjan, Kuwait -- A colonel in the 1st Theater Sustainment Command has money on his mind.

Army Col. George Fields, the Chief of Intelligence, or G2, has been teaching a free "Managing Your Money" class here in his spare time. More than 400 students have attended his six week-long class to learn more about increasing their own finances.

"All I did was sit down and listen to a guy one day who showed me what he was doing" said the colonel as he explained how he became interested in what he calls, "becoming financially free."

Read more...

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.

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...