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 | February 11, 2014

    #Save just 1% of your income this year and grow $250-$500 in savings by the end of the year depending on your salary: http://ow.ly/tvMwQ

Saver Stories View all »

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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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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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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