Our Military Youth Eagle has a name... "Skyler, Soaring with Savings".
Military Youth Saves is a social marketing program designed to encourage kids and teens to develop good savings habits at a young age. We want you to be a responsible saver but we also want you to spread the savings message to your family and friends!
If you are 14 and over you can click on the button below to take the Military Saves pledge.
Become a Teen Saver
Because nobody wants to be that guy living in their parent's basement...but I promise that it is just the first of many reasons to start managing your money now.
Interested in being the hottest thing on 4 wheels? We all know that nothing says sex appeal like your mom's minivan circa 1996, but once and a while it’s nice to have your own bit of freedom. But paying for a car? insurance? repairs? These days, middle aged home owners with steady jobs are not getting loans, so something tells me that we don't qualify either. Forget them, you don't need it. Buying a car only takes a little planning and a savings strategy.
Planning on going to college? Managing college costs only starts with your FAFSA. The cost of books will break your heart. Occasionally (maybe more than occasionally :), college students like to socialize (who would have guessed?). It can all be very overwhelming long before you go to your first class. Having a strategy and some savings can make a world of difference so you can focus on the more important aspects of college life.
Our Military Youth Eagle has a name... "Skyler, Soaring with Savings".
Parents, your kids and teens learn their savings behaviors from you. Participate in Military Youth Saves and help your kids secure their own futures.
Learn saving strategies courtesy of Kidnexions.
The best way to teach kids financial literacy is in the context of their everyday lives. Here's this month's teachable moment:
If your kids do not have their own savings account at a bank or credit union, today's the day. Grab their piggy banks and start the car. Call your bank first, though, to make sure you bring the necessary items (SSN...).
Then, when you get back home, help your child create a file folder where they will keep their important bank statements. This makes them feel so grown-up. And even though we are moving towards doing everything online, in the beginning, it's important that kids have a hard copy of their statement. It's more real that way. Besides, they love getting stuff in the mail and it's a perfect opportunity to sneak in some teachable moments as they rip open the letter looking to see what their balance is.
If your child already has a savings account, beautiful! You're going to pull out their last statement and go over everything on it. They need to know how to "read" a statement. This is a great opportunity to introduce new and review old vocabulary:
- Balance: the amount of money in an account at that particular moment
- Deposit: the act of adding money to an individual's account
- Withdrawal: the act of taking money out of an individual's account
- Credit (as reflected on a bank statement): money deposited to an account
- Debit (as reflected on a bank statement): money withdrawn from an account
- Interest/dividends (banks pay interest, credit unions pay dividends): the money earned on investments
- Where can I get financial counseling?
- How do I become a volunteer?
- I am hesitant to take The Saver Pledge because I do not want to share my personal financial information and I don't want to bombarded with a lot of junk email?
- Where can I find information on how to conduct a Military Saves Campaign?
- Why didn't I receive a welcome email?
- How do I find the phone number and location of the Fleet and Family Center, The Army or Marine Corps Community Services Center or the Airman and Family Readiness Center at an installation?
- Who can enroll in Military Saves?
- Do you have brochures we can use to promote the Military Saves Campaign?
1. Where can I get financial counseling? | Top |
Visit the Airman and Family Readiness Center, the Financial Readiness Program Center, or the Fleet and Family Support Center. You can also contact Military OneSource at 1-800-342-9647 to schedule an appointment with a financial consultant. If you have a lot of debt and need advice, call InCharge Debt Solutions at 1-800-565-8953, a non-profit credit counseling service.
2. How do I become a volunteer? | Top |
Probably the best way to volunteer is to talk with the Personal Financial Manager at the Fleet and Family Center, The Army or Marine Corps Community Services Center or the Airman and Family Readiness Center. Let him/her know that you are interested and want to make a difference and he/she can tell you how to make an impact. You can take the lead in your unit and encourage other members to participate in Military Saves and make a commitment to save. You can run a campaign at any time during the year--not just during the Military Saves Movement in April.
You can even focus on increasing TSP enrollment -you won't believe how many people don't participate in this easy way to save. It is so easy to do--just go to MyPay to sign up. Use the resources located in our resource kit to help! We are always looking for input on our Facebook page. You can also join the Military Saves conversation on Twitter. We are always looking for Saver Stories and tips for use on Facebook, Twitter and our website; contact us if you'd like to share.
3. I am hesitant to take the Saver Pledge because I do not want to share my personal financial information and I don't want to be bombarded with a lot of junk email? | Top |
Military Saves is a private, non-profit, completely voluntary program. You don't have to share any financial information. The idea of the campaign is for you to commit to building wealth over time and encourage others to do the same. You may find some of our information interesting, though. Your individual participation will not be reported to anyone. We offer individual saving information which you can access here as well.
If you take the Pledge, you'll receive monthly Military Saves E-newsletters that contain helpful savings messages. You can always unsubscribe at the bottom of the newsletter or contact us to modify your subscription and update your email information.
4. Where can I find information on how to conduct a Military Saves Campaign? | Top |
You can sign up and find more information on how to run a Military Saves Campaign here.
5. Why didn't I receive a welcome email? | Top |
We always want to know when you don't get your welcome email so contact us, but be sure to check your junk mail first.
6. How do I find the phone number and location of the Fleet and Family Center, The Army or Marine Corps Community Services Center or the Airman and Family Readiness Center at an installation? | Top |
Military Installations, offered through Military One Source is a great website that has tons of info on resources available at each installation.
7. Who can enroll in Military Saves? | Top |
Military Saves is a national campaign to persuade, motivate, and encourage military service members, their families, veterans & DoD associated personnel to save money every month, and to convince organizations to be aggressive in promoting automatic savings. The Military Saves Pledge and program is open to everyone & it is very relevant for retirees and anyone affiliated with the military.
8. Do you have brochures we can use to promote the Military Saves Campaign? | Top |
Thank you for taking the time to find out how we can work together to persuade, motivate, and encourage military families to save money every month and promote automatic savings.
The Week is an opportunity for your organization to:
- Feature the products and services you provide to your audience that help people build wealth.
- Share important savings messaging with your audience.
- Join the Department of Defense-wide effort to encourage servicemembers and their families to save.
Ready to help Servicemembers and their families save?
Step 1: Sign Up!
Step 2: Download Digital Toolkit
Step 3: Download Materials
Step 4: Download Graphics and Materials
Military Saves Financial Institutions Awards:
Banks and credit unions are encouraged to apply for the America Saves Designation of Savings Excellence. The designation recognizes banks and credit unions that work hard to encourage people to save money during America Saves Week and Financial Capability Month.
America Saves will recognize exceptional banks and credit unions that go above and beyond to motivate individuals to save. America Saves will recognize not just one, but all banks and credit unions that achieve excellence at the America Saves National Savings Forum.
Interested in exploring partnership opportunities? Contact the campaign director.
How to be a Partner: Military Saves Participation Guidelines
Keep up with the Military Saves Campaigns development throughout the year. Download slide presentations and meeting minutes here.
Coordinating Committee June 2009 (PowerPoint)
Military Saves May 2009 Webinar (PowerPoint)
Coordinating Committee March 2009 (PowerPoint)
Coordinating Committee December 2008 (PowerPoint)
Military Saves National Partners Committee Meeting 29 June 09 (Microsoft Word)
Military Saves National Partners Committee Meeting 12 Mar 09 (Microsoft Word)
Coordinating Committee Sept 2008 (PowerPoint)
Coordinating Committee June 2008 (PowerPoint)
Military Saves National Partners Committee Meeting 10 Dec 08 (Microsoft Word)
Military Saves National Partners Committee Meeting 18 Sept 08 (Microsoft Word)
Military Saves National Partners Committee Meeting 19 June 08 (Microsoft Word)