Choose Your Savings Goal

Emergency fund Retirement Investment Savings Vacation Education Large Purchase Debt Repayment Housing Transition fund General Savings

Emergency fund

Nearly a quarter of savers who take the Military Saves pledge chose “emergency savings” as their first wealth-building goal. And they have the right idea.

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Helpful emergency savings links:
Set a Goal: Save for Emergencies Emergency Savings Tips on Where to Keep Your Emergency Savings This is the Emergency You've Been Saving For How Military Families Can Save $500 to $1,000 for Emergencies

Retirement

Retirement savings is a top priority for many Savers. Saving now for retirement will ensure that you have enough money to enjoy a comfortable standard of living when you stop or reduce the amount of hours you work.

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HELPFUL RETIREMENT SAVINGS LINKS:
Why Military Spouses Should Get Ready for Retirement, Too Your Uniformed Services TSP Account: A Sweet Deal That Just Got Sweeter Three Things to Know When You Have Two TSP Accounts Your TSP: How to Make Your Money Work For You

Investment Savings

More and more people who take the Military Saves pledge are choosing investment savings as their goal. Making investments can build wealth over time more reliably than using a savings account, but it also involves risk. So, it’s important to educate yourself.

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Helpful Investment Savings Resources:
Check out the Better Business Bureau’s (BBB) time-tested rules Check out the Securities and Exchange Commission’s (SEC) guiding principles Learn more about investment fees from the SEC

Vacation

Vacation anyone? You might be gearing up for your next trip soon. Luckily, you don’t have to be rolling in dough to travel!

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Check out these resources to help save for your next vacation:
Make the Most of Your Vacation with These Easy Summer Savings Tips

Education

Saving for education is the second most popular goal (after saving for emergencies) savers select when they pledge to save with Military Saves.

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Helpful Education Savings Links:
Learn more about grants and scholarships Learn more about Federal Work-Study Learn more about 529 plan fees and how they impact financial aid eligibility Learn more about savings bonds Learn more about federal student loans

Large Purchase

Think and acting like a saver not only means knowing what you’re saving for and how much it costs, but having a plan for building that savings.

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Helpful Large Purchase Savings Tips:
Five Rules for Buying a House 4 Things Veterans and Service Members Need to Know When Buying a Home 5 Holiday Mistakes That Could Cost You Save with a Plan: Your Future Self Will Thank You

Debt Repayment

Getting out of debt is the #3 goal Savers select when they pledge to save. With planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth.

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Helpful Debt Repayment Links:
Tips for Getting Out of Debt First Step to Destroy Debt: Stop the Bleeding Looking for extra money? 8 Debt Management Tips That Could Help Military Service Members Save Money Each Month

Housing

Develop a savings plan to build up money for a down payment at purchase, for moving expenses, and for post-purchase emergency expenditures such as needed home repairs.

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Helpful links for future homeowners:
Visit Freddie Mac for information about home buying and the mortgage process For more information about home buying and the mortgage process visit Fannie Mae Check out Current Mortgage Rates Five Rules for Buying a House 4 Things Veterans and Service Members Need to Know When Buying a Home

Transition fund

Military families move all the time, but to prepare for a life of moves, you need to know what to expect both before and after a move. That means asking a lot of questions and doing some research. Know the costs involved, make a PCS (Permanent Change of Station) plan, and set aside funds specifically ear-marked as a PCS fund.

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Helpful Transition Fund Links:
Talk to Your Spouse About Money BAH Calculator

General Savings

It can be hard to put aside money for savings. But there is an easy way to save money without ever missing it. Make your savings automatic. You can start small and save $20 a week or month or you can try and save more.

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Helpful General Savings Resources:
54 Ways to Save Money What's The Easiest Way To Save? Automatically How to Start Your Savings Journey 38 Reasons You Need At Least a $500 Emergency Fund 5 Ways To Teach Kids How To Save At Home

Take the Military Saves Pledge

Savers who make a plan are twice as likely to save successfully.

Military Saves Text Messages

Now there’s a new way to sign up to receive goal-based text messages from Military Saves!

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For Organizations

Latest Partner Resource Packets Resource Links

For Organizations

Military Saves wants to assist your efforts to encourage financial action and savings behavior change throughout the year.

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Latest Partner Resource Packets Resource Links

Partner Spotlight

By MyArmyBenefits Team

Life After Retirement: Will You Have Enough?

This month we are highlighting a partner resource. MyArmyBenefits is the U.S. Army’s official benefits website and is geared towar...

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Insights Saver Tips and Stories Saver Links

Debt

11.07.2016

Tap Into the Power of Powerpay.org

When it comes to personal finances, everyone has a favorite tool or system. Whether it be traditional pen and paper, Excel spreads...
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Deployment

03.20.2015

Deployment: More Reasons to Save, and More Options Too!

Deployment—before, during, and after—can be a stressful time to say the least! Thankfully, there are some benefits offered during ...
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01.13.2021

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 th...
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05.24.2019

Setting a Goal Leads to Success

Growing up, Marisa’s dad had always talked about saving first, but she said she didn’t really internalize it until much later. “I ...
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Military Spouse Education & Career Opportunities

The Department of Defense Spouse Education and Career Opportunities program provides education and career guidance to military spo...
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Military Family Advisory Network: MilCents

The Military Family Advisory Network is the authentic voice of the modern military family and the bridge that connects military fa...
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Partner Resource Packets

08.23.2020

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 ex...
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01.25.2021

January 2021: Tax Time Savings Resource Packet

Is it really that time of year again? Filling out IRS forms is not necessarily enjoyable, but many military families eagerly antic...
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Newsroom

Press Releases In the News Reports

Press Releases In the News Reports

06.01.2021 By Angela Caban

11 Financial Institutions, 17 Organizations Awarded for Encouraging Military and Veteran Community to Save

Military Saves announced today that three banks and eight credit unions have been awarded the Military Saves Designation of Saving...
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02.28.2018

Tennessee Department of Commerce & Insurance

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02.13.2019

Learn Healthy Saving Habits During Military Saves Week

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America Saves Week/Military Saves Week 2019 Annual Report

Incredible progress was made in attacking the savings crisis through your efforts and activities during America Saves Week and Mil...
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Military Saves Month 2020 Report

Military Saves Month (April) is an annual opportunity for installations and organizations to promote good savings behavior and a c...
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10.02.2023 By Krystel Spell

HOW SERVICE MEMBERS CAN PREPARE FOR A GOVERNMENT SHUTDOWN

Facing the prospect of a government shutdown naturally brings a wave of uncertainty. When discussions arise about potent...

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Military Life

08.01.2023

4 WAYS SERVICE MEMBERS CAN JUMPSTART THEIR EMERGENCY FUND

Being prepared for the unexpected is vital for military individuals and their families. By having an emergency savings f...

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04.03.2020

Over 220 Organizations Create a Joint Effort to Support Financial Capability for Military Families During Military Saves Month

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06.12.2018

Ten Military Installations Recognized for Supporting Military Families to Save

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06.12.2018

Military Saves Announces Transition from Military Saves Week to Military Saves Month

June 3, 2019

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05.30.2018

Meet the 2018 recipients of the America Saves Designation of Savings Excellence

Today, 37 banks, credits unions, and military-affiliated organized were awarded the America Saves Designation of Savings...

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Military Saves

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Financial Planning

02.25.2018

Bridging the Gap: Turning your Savings Goal into a Reality

When it comes to savings, there are three undeniable truths.

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Military Saves

Debt

Savings Tips

08.02.2017

The Military's Best Kept Secret

Regardless of your military branch, your rank, or even your age, personal financial issues will touch your life at some ...

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