What is Military Saves?

Military Saves, a component of America Saves, and a participant in the Department of Defense Financial Readiness Network seeks to motivate, support, and encourage the entire military community to save money, reduce debt, and build wealth.

The research-based Military Saves program, coordinated by the non-profit Consumer Federation of America (CFA), uses the principles of behavioral economics and social marketing to change savings behavior and motivate action.

Military Saves encourages the entire military community to take the Military Saves pledge and for organizations to promote savings year-round, and especially during Military Saves Month in April.

Military Saves also works with government agencies, defense credit unions, military banks, and other non-profit organizations to promote savings and debt reduction.

Through our parent organization, the nonprofit Consumer Federation of America, Military Saves is a proud participant in the DoD’s Financial Readiness Network.

The Network was established to enhance the financial health of the Force using all available resources. The financial well-being of service members and their families is recognized as being an essential component of mission readiness.

The Network provides a collaborative venue for Federal departments and agencies, as well as non-profit entities, to support the financial readiness of the military community.

View Military Saves’ Statement of Support and more on the Department of Defense Financial Readiness Network and the Office of Financial Readiness.

Military Saves is honored to be a partner in the Military Spouse Employment Partnership

Donors

Military Saves' researched-based work to improve the saving behavior of service members, their families, and veterans is supported by the generous contributions of: 

  • Wells Fargo Foundation 
  • Pentagon Federal Credit Union
  • USAA

    USAA Logo PNG Transparent - PngPix

 

Partner Resource Packets

Want to share savings messages?

Our Partner Resources Packets include blog, social media, and other content.

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Tip of the Day

  • Participate in the Thrift Savings Plan (TSP) - a retirement savings and investment plan for Federal employees and members of the Uniformed Services. It offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. More info at tsp.gov

Saver Stories View all »

How Smart Financial Decisions Can Create Opportunities 

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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When You Start Small, Saving is Easy

When Attiyya first got married, she and her Marine husband had just graduated from college and were focused on paying off student loan debt. They had both attended private schools and had sizeable loans. Then three months after the wedding, the couple found out they were pregnant with their first child.

The first year of their marriage, says Attiyya, was a balancing act between paying down debt and saving for the future.

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From Shopaholic to Saver

Many of us spend too much money on things we don’t need, but we don’t always know why. It’s easy to get a quick fix from retail therapy, but before we know it, our hard-earned money is gone. Oftentimes, when we engage in a “shopaholic” lifestyle or sporadic shopping sprees, we still experience feelings of emptiness, but to make it worse, we now have debt, too.

Khanmany was a shopaholic who turned everything around. She is active duty Navy and shares, “I was spending too much on things I didn't need. I was going shopping for no reason and was trying to fill a void. I was running up every credit card I owned to include Victoria's Secret, Military Star, Navy Federal, TJ Maxx, JCPenney, Macy's, USAA, and was only paying the minimum payments.”

Read more...