Partner Resource Packet: Saving For An Emergency

Although you can’t know when an emergency will arise, one thing you can count on is that they WILL happen. Often when you least expect it. That’s why Military Saves wants our Savers to be prepared by saving for the unexpected.

This month’s resource packet is filled with valuable information and helpful tools to aid your audience in everything from budgeting, to “finding” the money, and stats that reinforce why saving for emergencies is so critically important, especially to military families.

Share this information with your audience so they can set a goal and make a plan to be prepared for life’s unexpected moments.


Social Media Posts:

5 Ways Military Families Can Save $500 to $1,000 for Emergencies via @MilitarySaves

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57% of respondents in the 2019 @MilitarySaves Saver Survey said unexpected expenses were their top challenge when it came to saving.

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Those with a #savings plan are much more likely to have adequate emergency savings. Set a goal and make your plan by taking the @MilitarySaves Pledge. http://bit.ly/pledgems

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Savings Tip from @MilitarySaves: Automatically transferring money from checking to #savings is the fastest way to #save $500 to $1,000 for #emergencies https://bit.ly/2QYKZjt

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Resources:

America Saves/Military Saves Resources/Tools

COVID-19 Resources

Save for Emergencies 

This is the Emergency You’ve Been Saving For

Tips on Where to Keep Your Emergency Savings

Steps for Dealing with an Unexpected Loss of Income

Combat Changes in Your Paycheck with Battle-Hardened Transition and Emergency Funds

Emergency Savings

Five Ways to Start and Maintain an Emergency Fund


Partner Organization Resources & Highlights

FEMA - Military Family Preparedness

FEMA - Emergency Financial First Aid Kit

Red Cross - Military Family Resources

Department of Defense - Emergency Preparedness Guide

Military OneSource - Military Relief Organizations and Emergency Financial Help

Department of Defense Office of Financial Readiness - COVID19 Resources


New Blog Posts:

 How Military Families Can Save $500 to $1,000 for Emergencies


Events:

Military Saves Quarterly Program Update - Q3

When: September 22, 1 p.m. EDT

Where: Online via Microsoft Teams

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America Saves #ThinkLikeASaver Virtual Town Hall Series, co-hosted by Military Saves

All Virtual Events will take place on the America Saves Facebook Page at 2pm ET

October 22, 2020 | #ThinkLikeASaver: Simple Strategies To Help You Save

November 5, 2020 | #ThinkLikeASaver: How Do I Pay Off Debt?

November 19th 2020 | #ThinkLikeASaver: Saving For Major Life Milestones

Tip of the Day

  • Written by Guest Blogger | September 30, 2014

    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 »

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.”

Read more...

Building a Six-Figure Savings While Enjoying Life

Written by Jackie Toops | November 13, 2020

Does the idea of saving up hundreds of thousands of dollars seem impossible? How about doing it while still living an enjoyable lifestyle?

For military spouse Martina and her husband, an E-5 in the Navy, accumulating a six-figure savings has become a reality. One might think that in order to save this much, it would take a great deal of sacrificing and forgoing a certain quality of life, but Martina and her husband would disagree. “Over the past few years (about five), we've managed to save almost $120,000 while mostly living on one income. We've learned so much about easy ways to save money and live a good life,” shares Martina.

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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.”

Read more...