Credit Awareness Month 2019

October is Credit Awareness Month and it’s the perfect time to take stock of your own personal financial situation. Before you shop on Black Friday or Cyber Monday, it is a good idea to assess your financial health and see whether your spending plan is still on track to get you to your savings goals.

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Social Media

#Military: Did you know that beginning 10/31 you are eligible for FREE #Credit Monitoring from all 3 credit bureaus? Learn more by visiting: http://bit.ly/2os3Ac5



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October is Credit Awareness Month! Ever wonder how exactly your credit score is calculated? Here’s some insight for you: http://bit.ly/2nPCoDH

“There’s no one right way to pay off debt.” Some people like to pay off the smallest debt first and others people pay off the debt with the highest interest rate first. Find this and other tips for for ‘Getting Out of Debt’ here: http://bit.ly/2opwhq1


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What was the last time you looked at your credit report?
It’s not enough to know your FICO Score! By checking your credit report, you can ensure the information being reported is accurate.


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New Blog Posts:

5 Quick Tips for Credit Awareness Month

Tips for Getting out of Debt Blog

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Partner Resources:

Office of Financial Readiness - Consumer Credit Guide for Members of the Armed Forces

Office of Financial Readiness - Your Credit Score Matters

Saveandinvest.org - Dig Yourself out of Debt

Saveandinvest.org - Control Your Credit

MilitaryConsumer.gov - Being Smart About Using Credit Cards

Improving Your Credit

CFPB - Military Lending Act

CFPB - Servicemembers Civil Relief Act

Military OneSource Getting Out of Debt, a Step by Step Guide

Powerpay.org - Helping Debtors Become Savers

Free Annual Credit Report

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Events:

#SaveAutomatically Twitter Chat
Tuesday, October 29, 2019 at 2pm Eastern

The easiest and most successful way to save is to SAVE AUTOMATICALLY. Join us in a #SaveAutomatically Twitter Chat! During this chat we’ll encourage individuals to save and share how to #ThinkLikeASaver by setting a goal and making a plan.

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From the Archives:

Do You Really Know the Score?

5 Ways to Capitalize on Your Credit CArds

Understanding Your Credit Profile Can Improve Your Financial Health

Tip of the Day

  • Written by Guest Blogger | March 25, 2014

    #Save #money monthly through an automatic transfer from checking to savings using #myPay http://ow.ly/sGUX0   

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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From Shopaholic to Saver

Written by Jackie Toops | January 13, 2021

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.”

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Living the Dream: This Military Couple Retired Early

Written by Jackie Toops | March 18, 2021

“Continuous dedication to financial peace pays off,” shares military couple, Denise and Jim. They would know, because at ages 52 and 53, they are already retired. The couple enjoyed life as an Army family for 32 and a half years and started planning for retirement decades ago. Denise shares, “We are not working a paid job, but are volunteering and meeting some personal fitness goals and enjoying some time together after many years spent geographically apart. It can be done!”

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