Military Saves Blog

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

How to Start Planning for Retirement if You Haven't Already

Written by Darlene Aderoju · 13 April 2018

It’s never too early or too late to start planning for retirement.

In fact, the sooner you begin planning, the better off you’ll be. Here are three retirement planning tips to keep in mind:

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Higher Interest Could Impact You

Written by Darlene Aderoju · 11 April 2018

The Federal Reserve has raised its target interest rate after five years of record lows. This means you may be at risk of paying more interest on your mortgage, private student loans and car note if you're looking to buy. Here’s a roundup of what this means for you.

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3 Steps to Assess Your Savings this Financial Literacy Month

Written by Darlene Aderoju · 11 April 2018

Financial Literacy Month is the perfect time to assess your finances and evaluate your level of savings preparedness. If you have an exceptional ability to manage debt, maintain an emergency savings fund and plan your finances, you’re already a great saver. If you want to improve your savings habits, start by asking yourself these questions.

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3 Reasons Not to Consider a Big Tax Refund as “Extra Money”

Written by Darlene Aderoju · 02 April 2018

When you receive your tax refund, how do you usually spend it? If you’re one of the many people that views income tax as “extra money,” you might want to change your approach.

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Opted into BRS? Don’t Forget This Important Step

Written by Guest Blogger · 29 March 2018

By Beth Perry, Federal Retirement Thrift Investment Board

A major benefit of the Blended Retirement System (BRS) is the free money you can now get from your service. Each time you contribute to your Thrift Savings Plan (TSP) retirement account, your service will match it, up to 5 percent of your pay. But your contributions are not automatic if you opted into BRS – they don’t happen unless you choose to make them. And if you skip that important step, you risk missing out on hundreds of dollars in matching this year alone.

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Tip of the Day

  • Written by Tammy G. Bruzon | February 3, 2018

    Do you know the easiest way to save is automatically? This Military Saves Week, consider setting up a split deposit to transfer $ directly to your savings account every paycheck: http://bit.ly/2dIKQuK#MSW18

Saver Stories View all »

Savers Pledge Leads to Savings Success

Written by Super User | October 13, 2011

My name is Rob and I am a Staff Sergeant in the Marine Corps Reserve. My financial success is a huge result of the Military Saves Campaign.

My journey began five years ago after marrying my wife, Lisa. We entered our marriage with no savings plan in sight, carrying debt and living in a tiny apartment. After seeing an advertisement for Military Saves, we decided to grab the reigns of our finances and implement a positive financial plan.

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Regular Savings is the Key to Success

Written by Super User | November 26, 2010

My name is Chris Strong. I joined the Air Force on 25 March, 1985. On that day, my financial life changed forever. I was introduced to saving bonds in Basic Training. Savings bonds were the big thing back then just like the Thrift Savings Plan is today. A Colonel gave us a briefing. I cannot remember his name but I can remember the 100 savings bonds he had posted to a piece of card board. He gave us a speech on the importance of saving money and how it can change your life. He inspired me to save.

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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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