Military Saves Blog
Tips, advice, and the latest news from the savings world.
Credit Score Quiz. Will you pass?
By Andia Dinesen, AFC ®
Military Saves Coordinator
I had always considered myself fairly well-versed in financial matters, however when I began working toward my certification as a financial counselor two years ago, I really began to realize what I didn’t know. Credit score and credit history were two areas that, I have to admit, I really didn’t understand. I suppose I understood the basics. I knew that if I missed a payment on a loan or had a huge amount of debt that it definitely affected my score; knowing more than that really didn’t seem to matter (at the time). Then I learned more; and now I wish I knew long ago that it really does matter. That is, if you like paying thousands of dollars less for a car, a home, and insurance. Or if you want to have an easier time getting a job, renting an apartment or hooking up your utilities. That is what I love about www.CreditScoreQuiz.org. I wish I could go back in time and take the Quiz two years ago and compare my scores. Today, I rocked it. Okay, to be honest I still missed two questions, which only proves I have more to learn!
by Lila Quintiliani, AFC®
Blue Star Families just released its 2012 Military Family Lifestyle Survey Report. While the survey has tons of significant feedback on important topics such as military pay and benefits, children and deployment, and spousal employment, the thing that caught my eye is that 68% of respondents said they experience financial stress. Meanwhile, only 34% said that their unit provided financial education and that they knew where to find answers to their questions. Wow! That’s troubling. And I can’t help but feel that while there are some individual units out there that may be lacking when it comes to educating service members and families, there is DEFINITELY help out there, if you know where to go to find it.
Planning for College Doesn't have to be a Pain in the FAFSA* - New Government Tool Helps Military Families Plan for College
By Sean Naron
Administrative and Advocacy Associate at Consumer Federation of America (and recent College Graduate)
College is expensive. Really expensive. The cost of tuition, board, books (and beer) seems to go up every year and between loans, grants, work study, and the other myriad forms of financial aid (including the dreaded on-campus job), it can nearly impossible to figure out what you will owe for four years of fun higher education.
Get Sweaty: Do Sweat the Small Stuff and Find Out How Much You Can Save!
By Lila Quintiliani, AFC
Military Saves Assistant Coordinator
A while ago I read a personal finance article, and the gist of it was “don’t sweat the small stuff.” That people needed to pay attention to saving on big ticket items, like houses, cars, rent, and so on and to stop wasting their time nit picking over the minute details of their spending. Well, I couldn’t disagree more. I think most people get into difficulties because they don’t pay sufficient attention to what they are spending their money on daily. They are literally nickling and diming themselves into financial difficulties.
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.