Military Saves’ mission is to promote the importance of savings and to encourage servicemembers and their families to take financial action. Over the next six weeks, our campaign will be focused on the big transition: leaving the military.
This resource packet contains a message to our partners, sample article, social media posts, and resources designed to help you communicate with your audience about the importance of making saving for transition a top priority. We encourage you to use this material to position your organization “on the front lines” of the savings message, to encourage individuals to take the Military Saves pledge, and to help our servicemembers transition without debt and with a healthy savings safety net.
As educators, counselors, coaches, non-profits and practitioners we’ve all seen the devastating impact that failing to adequately plan for transition can have on an individual and family. The data show that approximately one out of two (53 percent) separating Post-9/11 Veterans will face a period of unemployment. Let’s continue to work together to get the need to “save for transition” message out to servicemembers before they get out. Thank you for all you do for our servicemembers!
For use in communications that directly reach your constituents. We encourage you to use its contents as a guest post for your blog, newsletter, e-mail communications or any other publication. Feel free to rewrite it as your own.
A Military Transition “SMEAC“ Approach (5 Paragraph Field Order)
By Letty Stevens, AFC®
A: Administration and Logistics
C: Command and Signal
Situation: Transitioning out of the military needs to be well planned and executed. No matter your rank, occupational specialty or training, the process is not an easy one and it is not intuitive. You must have goals. One key goal is for you to be both financially and mentally prepared for the transition into civilian culture.
One of the biggest obstacles to your peace of mind during transition is debt. If you transition out of the military with credit card debt and/or an outstanding car or personal loan, you may have a potentially detrimental situation on your hands. Being in the military guarantees a consistent paycheck. In the civilian world, however, you are likely to change jobs frequently, and may find yourself unemployed from time-to-time. The sooner you pay off your debt and start saving, the better off you and your family will be during your transition, and into your civilian life.
Mission: The Military Saves mission makes savings and savings strategies a priority for servicemembers and their families. For those who are transitioning, this is a call to action!
Execution: We encourage you to take the savers pledge, sign up for biweekly text messages and begin to discuss saving with your family as a transition strategy today.
Administration: You are the sole administrator of your finances, but we encourage you to reach out to your resources. For those of you who are married this is a team effort. Logistics: Your spouse is transitioning with you, and having his/her additional income to get you through your transition needs to be discussed in the months and years leading up to your transition.
Command and Signal: Take command of your financial transition by making a plan to pay off your debt and start saving today!
This is your new financial life taking shape, and it all starts with a plan. When you plan to save and stick with your plan, it will result in your financial peace of mind today, during your transition, and into your civilian life.
Military Saves, managed by the nonprofit Consumer Federation of America (CFA), seeks to motivate, encourage, and support servicemembers and military families to save money, reduce debt, and build wealth. Learn more at militarysaves.org.
Share the following messages with your Facebook & Twitter followers.
The earlier you plan for transition, and the more you save toward it, the better your chances of having it work out as you planned. @MilitarySaves
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Share the following tools and resources with your audience and with other organizations.