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Military COVID-19 Resources

Written by Benjamin Moss · 26 March 2020

Here is a list of savings resources to help during the Coronavirus Crisis.

Military Saves Articles

Resources for Military Families during the COVID-19 Crisis

How to Keep Financially Healthy During the Coronavirus Outbreak

This is the Emergency You've Been Saving For

Have You Lost Income Because of the Coronavirus? Five Things You Can Do Right Now to Reduce Your Expenses


Emergency Assistance

Military OneSource COVID19 Information

Veterans Crisis Line Call 800-273-8255, chat online, or text 838255


Military Service Relief Organizations

Air Force Aid Society

Army Emergency Relief

Coast Guard Mutual Assistance

Navy-Marine Corps Relief Society (NMCRS)


Other Organizations

Gary Sinise FoundationAdditionally, any military service members, veterans, first responders, and their families affected by COVID-19 can apply for financial assistance through an initiative of the Foundation’s Relief and Resiliency program, called H.O.P.E. (heal, overcome, persevere, and excel).”

Independence Fund

Operation Homefront

Penfed Foundation (application process currently suspended, but may reopen; Foundation also has other financial assistance options).

Red Cross Financial Assistance


Education

GI Bill Benefits to continue. Students with questions can contact the VA’s Education Call Center at 1-888-442-4551 between 8:00 a.m. and 7:00 p.m. ET on weekdays


Income Taxes

IRS Coronavirus tax relief extends payment/filing of taxes

MilTax Services Military OneSource – free tax filing to get a refund now; call 800-342-9647 to connect with a MilTax consultant


Other Resources

Digital Resources for Military Families

Through the MWR Digital Library Portal, families can access many FREE, useful resources including: 

  • Tutoring - free tutoring for military families through Tutor.com
  • Major daily newspapers
  • Consumer Reports
  • National geographic plus most magazines
  • Ebooks, audiobooks, comics, and graphic novels
  • Research tools such as Britannica Library, Gale Academic Onefile, Morningstar, Ancestry.com
  • Mango Languages

Through Blue Star Families, military families can enjoy free memberships to:

  1. Headspace – access meditation and mindfulness content for free with a membership to this app (valued at $95.88)
  2. Thrive Market – receive a free membership (valued at $59.95) to shop and ship best-selling natural and organic products at wholesale prices right to your doorstep
  3. Caribu – enjoy books focused on military children in the app’s dedicated Blue Star Families category

 Financial Information

FINRA Foundation

National Foundation for Credit Counseling (NFCC) Coronavirus Financial Toolkit


Mortgage Relief

Mortgage Relief Tracker: This site tracks federal, state, and private mortgage relief programs.


Scams

FTC


Student Loans

Federal Student Aid – You may be able to temporarily stop making payments


Tax Information

IRS Coronavirus tax relief extends payment/filing of taxes; states may have different filing deadlines/policies


DOD Resources 

Additional Guidance on COVID-19 Military Pay and Personnel Benefits

https://www.defense.gov/Explore/Spotlight/Coronavirus/

Military Personnel Q/A

Military Personnel Guidance

 

 

 

 

Designation of Savings Excellence

Written by Benjamin Moss · 30 January 2020

About the Designation

Banks and Credit Unions play an important role in Military Saves Month by making it easy for their customers and members to save. When individuals utilize saving accounts they build financial security and financial institutions increase deposits, build goodwill, and strengthen relationships.

That’s why we recognize financial institutions that show exceptional achievement in Military Saves Month activities by awarding them the Designation of Savings Excellence.

Designees are recognized by:

  • Military Saves Designation of Savings Excellence award.
  • A digital seal to display on your website and share on social media.
  • Recognition on MilitarySaves.org.
  • Recognition in a national press release and individually in local releases.

Eligibility Requirements:

Awards will be given based on the completed information provided through the Designation of Savings Excellence Application within the Military Saves Month Reporting Survey. Survey samples for banks and credit unions may be found below. The survey closes on Friday, May 22, 2020


Important Links

DOSE Application Worksheet

Sample Survey for Banks

Sample Survey for Credit Unions

Military Saves Month

Written by Alan Germani · 30 October 2019

Military Saves Month

April 1-30, 2020

Sign Up Now

New Resource Packet: January 2020 Tax Time Savings

Written by Benjamin Moss · 29 January 2020

Tax season is upon us. While most people dread gathering their documents and filling out tax forms, there’s no denying that tax time is a great time to kickstart a savings account or pay down debt.

In this resource packet, we share tax tips, resources for FREE tax filing, and tax scams to avoid.

Read more ...

Credit Awareness Month 2019

Written by · 03 October 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



Download Social Image

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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.


Download Social Image

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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 Katie Bryan | December 16, 2013

    Check out the guide from @CFPB that helps you to know which questions to ask when shopping for a financial advisor http://ow.ly/rrjYO 

Saver Stories View all »

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...

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.

Read more...

Involving Kids in Family Finances

Written by | April 19, 2019

 

One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how money works as well as the importance of saving.

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