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#ImSavingFor Contest 2018

Written by Katie Bryan · 09 February 2017

In celebration of Military Saves Week (Feb. 26-March 3, 2018), Military Saves is excited to participate in the annual America Saves #ImSavingFor video and photo contest.

More details coming soon! 

 

Military Saves Week 2017 Digital Toolkit

Written by Tammy G. Bruzon · 26 January 2017

Thank you for participating in Military Saves Week 2017, an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. We encourage you to use the content below in your own communications. Share it as is or rewrite it as your own, it’s entirely up to you.

To reach even more individuals in this effort, Military Saves created segmented content for participants to promote through social media, emails, blogs, newsletters, and other outlets.

If you haven’t signed up for Military Saves Week 2017 yet, please click here to register today.

In This Kit:

 


Military Saves Week 2017 Daily Savings Focus

We encourage you to promote these savings strategies and themes each day during MSW:

 

Monday, February 27: Save Automatically

  • It can be hard to put aside money for savings, but there is an easy way to save money without ever missing it by making your savings automatic in 2017. You can get started today by setting up an allotment in MyPay. Already saving automatically? Find ways to automate other aspects of your financial life this year.

Tuesday, February 28: Family Savings Day

  • Good savings habits start at home. Whether you’re budgeting, saving, making retirement decisions, or assessing benefits, share the choices you make with your children no matter their age.

Wednesday, March 1: Save for Retirement

  • Saving now for retirement by contributing to your Thrift Savings Plan (or increasing contributions by one percent this year) will ensure you get into the savings habit prior to the launch of the Blended Retirement System coming January 1, 2018. Take action, get informed today! Learn more about the Blended Retirement System here​.

Thursday, March 2: Saving at Tax Time

  • Saving a portion of your tax refund can be a big step toward meeting your savings goals. This tax season, get ahead of your financial goals by splitting a portion your tax refund into savings, and reward yourself with SaveYourRefund by entering to win one of 101 prizes.

Friday, March 3 : Pay Off High-Interest Debt

  • With planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth. Find places to cut your spending so that you can pay down your debts faster and find places to trim your expenses.

Saturday, March 4 : Save for Emergencies and Military Life’s Changes

  • An emergency savings fund consists of a small amount of money, usually in a savings account that you do not have easy access to. Saving for this fund starts with small, regularly scheduled contributions that build up over time.

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Social Media Content: #MSW2017

Follow @MilitarySaves on Twitter. Like and promote the Military Saves Facebook page. Promote the hashtag #MSW2017 in any savings or MSW-related content at the end of each tweet and post.

 

Social Media Graphics

 

 

 

 

Posts Leading to the Week

Both individuals and orgs can join in #MSW2017! Visit http://bit.ly/2hQPpEM for activities, free materials, and more! @MilitarySaves

Savers with a plan are 2x more likely to save for #retirement, have emergency savings, and stick to a budget - @MilitarySaves #MSW2017

Have 5 minutes? Test your #credit knowledge! Take the quiz at creditscorequiz.org: http://bit.ly/2h3stlG @MilitarySaves #MSW2017

Get tips and tools on spending and saving from @FINRAFoundation >> http://bit.ly/2gE4AQZ #SaveAndInvest @MilitarySaves #MSW2017

Start #saving and encourage others to save with these free downloads from @MilitarySaves: http://bit.ly/2hIOf2i #MSW2017

How well are you managing your #debt? Find out with this assessment: http://bit.ly/2hITeQu @USAAEF @MilitarySaves #MSW2017

A #taxrefund can provide an opportunity to improve your financial situation: http://bit.ly/2gMsIWs @MilitarySaves #MSW2017

Pledge or re-pledge to save with @MilitarySaves! Receive goal-based savings tips and advice. http://bit.ly/2h3qZYO #MSW2017

 

Posts for the Week

Monday, February 27: Save Automatically

#MSW2017 and #ASW17 start today! Join #SavesChat this afternoon at 12p Pacific/3p Eastern for a kick-off chat hosted by @AmericaSaves

The easiest way to save is automatically. Transfer $ to a #savings account every paycheck. http://bit.ly/2hISOtp #MSW2017

Are you a successful saver? Try the @AmericaSaves Saver Checklist Tool to check in on your #savings habits: http://bit.ly/2j9TYhE # MSW2017

Set your savings goal, make a plan, and save automatically. Pledge to #save today! >> http://bit.ly/2h3qZYO via @MilitarySaves #MSW2017

 

Tuesday, February 28: Family Savings Day

These are the top questions kids ask about money and how to answer them: http://bit.ly/2jnJ1IQ #BetterMoneyHabits #MSW2017

Learn financial lessons as a family. Make decisions and practice good $$ mgmt together: http://bit.ly/2juPwr1 #BetterMoneyHabits #MSW2017

Kids learn from you, whether you’re teaching them or not. Get financially fit with help from @CFPB: http://bit.ly/2j2E0Hk #MSW2017

Try these seven steps from #BetterMoneyHabits to build money rules and develop financial literacy for kids: http://bit.ly/2kgar1Y #MSW2017

 

Wednesday, March 1: Save for Retirement

Mid-career and no retirement savings? There's still time! Start your #TSP today. http://bit.ly/2kgapHa via @MilitarySaves #MSW2017

Starting your savings now ensures a more comfortable retirement later on! http://bit.ly/2jPi3bT via @MilitarySaves #MSW2017

Are you saving enough for retirement? Try the @choosetosave Ballpark E$timate to find your number: http://bit.ly/2imH3I9 #MSW2017

Want regular tips and real-time savings advice? Follow @MilitarySaves on Twitter all year ‘round! #MSW2017

 

Thursday, March 2: Saving at Tax Time

Jumpstart your goals by earmarking this year’s #taxrefund for savings: http://bit.ly/2j2PEBO via @MilitarySaves #MSW2017

Millions miss out on the EITC because they don’t claim it or don’t file taxes at all: http://bit.ly/2kge0VN v/ @AmericaSaves #MSW2017

You could win big for saving just $50 of your #taxrefund with @SaveYourRefund: http://bit.ly/2kpJCvA @MilitarySaves #MSW2017

 

Friday, March 3: Pay Off High-Interest Debt

Let @MilitarySaves help you reach your debt-reduction goals. Take the pledge and start saving today: http://bit.ly/2jP3k0q #MSW2017

Don’t let debt stand in the way of your savings goals and aspirations: http://bit.ly/2kghZBs via @MilitarySaves #MSW2017

Manage your debt by the numbers. Fees and interest rates might be keeping you in the red: http://bit.ly/2j2IgpY @FINRA_Investor #MSW2017

#MSW2017 is coming to a close, but you can still participate! Visit @MilitarySaves for more events and activities: http://bit.ly/2kgpgBF

 

Saturday, March 4: Save for Emergencies and Military Life’s Changes

Most families don't have enough to cover the unexpected. Be prepared with an emergency fund: http://bit.ly/2kpOikO @MilitarySaves #MSW2017

Pledge or re-pledge to save with @MilitarySaves to receive goal-based savings tips and advice: http://bit.ly/2jP3k0q #MSW2017

#MSW2017 is ending, but your #savings goals have only just begun! Build your emergency fund today: http://bit.ly/2kpOikO @MilitarySaves

Start saving for emergencies with small, regularly scheduled automatic contributions: http://bit.ly/2kpOikO v/ @MilitarySaves #MSW2017

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Sample Content for Blogs, Emails, Newsletters and More

We encourage you to use the following articles in your content marketing strategies:

 

Simple Steps to Save Successfully During Military Saves Week 2017

By Tammy G. Bruzon, Military Saves

Military Saves Week (February 27 – March 4, 2017) is an annual opportunity for individuals to assess their savings and take financial action. Each year, we encourage servicemembers and military families just like yours to set a goal, make a plan, and save automatically.

This Military Saves Week, try these five simple steps to help yourself save automatically – and successfully:

  1. Assess Your Savings
    Like your health, you should assess your savings annually to make sure your savings priorities are on the right track. Complete this simple 12-question assessment to find out your current standing and help you plan for the future.
     
  2. Evaluate your Savings Preparedness
    Check off your savings accomplishments on the Saver Checklist to further evaluate where your savings habits need strengthening for your future goals.
     
  3. Take the Military Saves Pledge
    Set a goal, make a plan, and save automatically. Those with a savings plan are two times as likely to save for emergencies and retirement than those without one. Join more than 250,000 Military Savers who have already committed to save. When you take the pledge, you can choose to receive text message tips and reminders to help you save towards your goals. Need some inspiration to save automatically towards your goals? Here’s how.
     
  4. Share Your Savings Goal
    Take part in the 2017 #ImSavingFor photo contest. Share a selfie or video that shows what you’re saving for on Facebook, Twitter, or Instagram. Then check AmericaSavesWeek.org in early 2017 to learn more about contest entry details and prizes. Savings never looked so good.
     
  5. Make Your Savings Social
    Are you on Twitter or Facebook? Join Military Saves in encouraging your friends, family, and colleagues to save this week. Better yet, join one of the many Twitter chats, events, and activities that Military Saves will be a part of this week to get real-time savings tips and advice.

Military Saves Week is coordinated by Military Saves. The Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.

 

5 Ways to Build an Emergency Fund During Military Saves Week 2017

By Lani Poblete, Military Saves

Life can be full of surprises—some good surprises, and some not so welcome ones, like when your car breaks down, the washing machine stops working, or a family member falls ill and you need to buy a last-minute airline ticket. These additional expenses can bring on unnecessary stress when you aren’t financially prepared for them.

According to a 2015 Federal Reserve report, nearly half of Americans can’t cover an emergency expense of $400 without borrowing the money or selling something. And more than half of households have less than one month’s worth of income in a readily available savings account.

Starting an emergency fund might seem daunting when you feel like you are barely making ends meet, but putting away even $50 a month can add up fast if you stick with it. There is no better time than now to pledge to save. During Military Saves Week, February 27 – March 4, 2017, and throughout the year, we encourage you to try these five tips to help build an emergency fund.

  1. Save a portion of your tax refund. Saving a portion of your tax refund can be a big step toward meeting your emergency savings goals. This tax season, build your emergency fund by splitting a portion your tax refund into savings, and then reward yourself by entering the SaveYourRefund contest where you could win one of 101 prizes.
     
  2. Do some early spring cleaning and sell your old stuff for cash. These days the options are endless for selling your old, but still-in-good-condition items for cash. From free websites, to apps, to online yard sale groups, you’d be surprised how easy it is to sell your old stuff and earn some cash simply by snapping a picture of an item and posting it online for sale. Consignment shops are another option. Check to see if your base has a consignment shop and consider selling items that way.
     
  3. Cut the cord—the cable cord that is. When considering this option, remind yourself that cable TV is a luxury, not a necessity. There are many alternatives to cable that are less costly and will allow you to still enjoy your favorite programs and channels.
     
  4. Save your change. Use only cash whenever you buy something and then take the change and small bills and sock them away. You’d be surprised how quickly this can add up. If you don’t know where to begin, check out this great article on using an envelope system to manage your budget.
     
  5. Bring your lunch instead of eating out. Bringing your lunch to work is probably one of the simplest ways to begin saving money for an emergency fund. It may require some effort and a big change of routine in the beginning, but you will soon realize just how much money you were spending, or rather wasting, by eating lunch out every day. Take some time each Sunday to plan out your lunches, then look for sales at your base commissary. Get creative when packing your lunch and make it fun. Bringing lunch to work doesn’t have to mean a sandwich and chips every day.

For more tips on ways to save, check out the Military Saves savings tips page here .

If you still don’t know where to start, Military Saves can help. Learn how to get started here and make a plan to begin saving today.

Military Saves Week is coordinated by Military Saves. The Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.

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Events and Activities for Military Saves Week

Organizations across the globe are providing engaging ways for individuals to save and enhance their financial literacy in celebration of Military Saves Week.

Please visit militarysaves.org/organizations/military-saves-week/events-and-activities for the latest branch-specific events and activities available to servicemembers and their families. This page will continue to be updated as Military Saves receives information from installations, friends, and partners in saving. This email address is being protected from spambots. You need JavaScript enabled to view it.

How Can Individuals Participate?

Take the Military Saves Pledge

  • Savers with a plan are twice as likely to save effectively. Set a goal and make that plan to save. Already taken the pledge? Military Saves encourages you to recommit to your savings goal and re-pledge today.

Assess Your Savings Progress

  • Find out if you are saving in all the right places.

Saver Checklist

  • Check off your savings accomplishments to see how you're doing.

#ImSavingFor Photo Contest

  • Take part in the 2017 #ImSavingFor contest. Share a selfie or video that shows what you’re saving for on Facebook, Twitter, or Instagram. Then check americasavesweek.org/imsavingfor to learn more about contest entry details and prizes. Savings never looked so good.

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Military Saves Week 2017 Mini Kit

Military Saves Week MSW MSW2017
Written by Tammy G. Bruzon · 27 December 2016

Eager to get your America Saves Week plans started before the New Year? This is the kit for you! New this year, the Mini Kit offers sample tweets, daily themes, and important resources in advance of the launch of the complete digital kit in January.

Download the full kit here.

(If you haven’t signed up for the Week yet, please click here to sign up your organization today.)

 

Military Saves Week’s Daily Savings Focus

We encourage you to promote these savings strategies each day during the Week:

  • Monday, February 27: Save Automatically
  • Tuesday, February 28: Family Savings Day
  • Wednesday, March 1: Save for Retirement
  • Thursday, March 2: Saving at Tax Time
  • Friday, March 3: Pay Off High-Interest Debt
  • Saturday, March 4: Save for Emergencies & Military Life’s Challenges

 

Sample #MSW2017 Tweets and Posts

Follow @MilitarySaves on Twitter. Like and promote the Military Saves Facebook page. Promote the hashtag #MSW2017 in any savings or Military Saves Week content at the end of each tweet and post.

Use this content leading up to and during the week (more content available in January):

Save 50¢ a day for a year & you can build nearly 40% of a $500 emergency fund! http://bit.ly/2hQYfma via @MilitarySaves #MSW2017

Both individuals & organizations can join in #MSW2017! Visit http://bit.ly/2hQPpEM for activities, free materials, & more! @MilitarySaves

Start #saving & encourage others to save w/ these free downloads from @MilitarySaves: http://bit.ly/2hIOf2i #MSW2017

Savers w/a plan are 2x more likely to save for #retirement, have #emergencysavings, & stick to a budget - @MilitarySaves #MSW2017

Have 5 minutes? Test your #credit knowledge! Take the quiz at creditscorequiz.org. http://bit.ly/2h3stlG @MilitarySaves #MSW2017

How well are you managing your #debt? Find out with this assessment! http://bit.ly/2hITeQu @USAAEF @MilitarySaves #MSW2017

The easiest way to save is automatically. Transfer $ to a #savings account every paycheck. http://bit.ly/2hISOtp #MSW2017

Get tips & tools on spending and saving from @FINRAFoundation >> http://bit.ly/2gE4AQZ #SaveAndInvest @MilitarySaves #MSW2017

A #taxrefund can provide an opportunity to improve your financial situation: http://bit.ly/2gMsIWs @MilitarySaves #MSW2017

Pledge or re-pledge to save w/ @MilitarySaves! Receive goal-based savings tips & advice. http://bit.ly/2h3qZYO #MSW2017

 

Sample Article and Important Resources

We encourage you to use the blog content below in your website, email, or other content marketing strategies.

Simple Steps to Save Successfully During Military Saves Week 2017

By Tammy G. Bruzon, Military Saves

Military Saves Week (February 27 – March 4, 2017) is an annual opportunity for individuals to assess their savings and take financial action. Each year, we encourage servicemembers and military families just like yours to set a goal, make a plan, and save automatically.

This Military Saves Week, try these five simple steps to help yourself save automatically – and successfully:

  1. Assess Your Savings
    Like your health, you should assess your savings annually to make sure your savings priorities are on the right track. Complete this simple 12-question assessment to find out your current standing and help you plan for the future.
  2. Evaluate your Savings Preparedness
    Check off your savings accomplishments on the Saver Checklist to further evaluate where your savings habits need strengthening for your future goals.
  3. Take the Military Saves Pledge
    Set a goal, make a plan, and save automatically. Those with a savings plan are two times as likely to save for emergencies and retirement than those without one. Join more than 250,000 Military Savers who have already committed to save. When you take the pledge, you can choose to receive text message tips and reminders to help you save towards your goals. Need some inspiration to save automatically towards your goals? Here’s how.
  4. Share Your Savings Goal
    Take part in the 2017 #ImSavingFor photo contest. Share a selfie or video that shows what you’re saving for on Facebook, Twitter, or Instagram. Then check AmericaSavesWeek.org in early 2017 to learn more about contest entry details and prizes. Savings never looked so good.
  5. Make Your Savings Social
    Are you on Twitter or Facebook? Join Military Saves in encouraging your friends, family, and colleagues to save this week. Better yet, join one of the many Twitter chats, events, and activities that Military Saves will be a part of this week to get real-time savings tips and advice.

Military Saves Week is coordinated by Military Saves. The Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.


 
Want more? Sign up your organization today to receive important updates on #MSW2017 and to participate in all the fun! Also, check out other downloadable materials on MilitarySaves.org that promote the Week to other organizations or keep your eyes peeled for the full digital toolkit that will be available for download in early 2017.

Tax Time and New Year’s Savings

Written by Tammy G. Bruzon · 12 January 2017

Tax season is swiftly upon us and soon taxpayers will be preparing to file their taxes and plan for their refunds. The IRS estimates that 20 percent of taxpayers who are eligible for the Earned Income Tax Credit (EITC) fail to claim it, which could mean the difference between getting ahead or staying in the red in 2017. The added complication to this common oversight is that new tax law will prevent the IRS from issuing refunds that claim the EITC or Additional Child Tax Credit before February 15. Making sure that taxpayers are aware of the credits and assistance available to them, as well as the impact that delays may have on their refund plans has never been more important.

Please share the article, social media content, and resources provided with your constituents, your partners, and the general public. As always, please encourage individuals to take the Military Saves Pledge—an important step in creating a plan to reach their savings or debt reduction goals. After all, those with a plan are more likely to achieve their goals!

Download the partner packet in Word.

In This Packet:

Article Copy

Social Media Content

Relevant Resources

Join Our List


Article Copy

For use in communications that directly reach your constituents. We encourage you to use its contents as a guest post, or rewrite it as your own.

3 Ways to Find More Money To Save This Tax Season

Tax filing season is upon us once again, an opportunity to assess your financial situation, set goals for the year, and find ways to save towards those goals. Here are three easy ways to save money this tax season and get a jumpstart on your savings goals in the New Year:

  1. Check Your Withholdings to Find More Money in Your Paycheck

    Do you receive a large tax refund every year? If yes, check your tax withholdings and adjust those withholdings to match the number of dependents in your household to receive more money back in your paycheck throughout the year. Receiving a large tax refund is essentially giving Uncle Sam an interest-free loan on your money, so now’s the time to look twice at your refund strategy.

    To start, check that the number of your dependents match the number of dependents in your Leave and Earning Statement (or LES) on MyPay? If not, consider adjusting your withholdings. For example, a married servicemember with two children can claim four dependents, including himself or herself.

    Run the numbers on online calculators, such as suburbancomputer.com to see how these changes might impact your paycheck. If receiving a large tax refund (or whatever refund you do receive) during tax season works for you, save a portion of your refund with SaveYourRefund to be entered for a chance to win up to $25,000 in cash prizes! For more information and to learn how to commit to saving prior to start of tax season, visit saveyourrefund.com . Then, take the Military Saves Pledge to identify a goal for that savings.

  2. See if You Qualify for the Earned Income Tax Credit
    Servicemembers and families should not overlook the Earned Income Tax Credit (EITC), “a refundable federal income tax credit for low- and moderate-income working individuals, couples and families.” The IRS estimates that about 20 percent of taxpayers who are eligible for the EITC fail to claim it, or are simply unaware that they qualify. If you qualify for this tax credit, the money you receive from it may be used to fund your savings goal! Take note of these three things:
    • You can’t get the EITC unless you file a federal tax return and claim it. Visit irs.gov to determine your eligibility and get additional information.
    • If this is the first year that you are claiming the credit, use the IRS EITC Assistant to see if you qualify for tax years 2015, 2014, and 2013. You can file any time during the year to claim an EITC refund for up to three previous tax years. Talk about a bonus!
    • The IRS cannot issue refunds before February 15, 2017 for tax returns that claim the EITC or Additional Child Tax Credit. But that doesn’t mean you can’t file when you normally would. Early filers can make the most of this delay by planning to save that refund and avoiding refund anticipation products, offered by commercial tax preparers. Although they loan the amount of your tax refund to you quickly, the fees will have you seeing red, so filers beware!
       
  3. File Your Taxes for FREE
    If your tax return is pretty straightforward, consider using your installation’s free tax filing service. To contact your installation’s tax center, visit the official source for installation and state resources available to you.

    Military OneSource is also available to eligible servicemembers to help with online assistance, resources, and filing.

    Set yourself up for financial readiness in 2017 by being aware of these three ways to find and save more money this tax season to achieve your goals. When it comes to saving, every dollar counts!

Alecia D. Blair works for Military Saves, managed by the nonprofit Consumer Federation of America (CFA), which seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. Learn more at militarysaves.org.

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Social Media Content

Share the following messages with your followers. 

#SavingsTipTuesday

You could win $25,000 for saving $50 of your tax refund with @SaveYourRefund: http://bit.ly/2i8VJvC @MilitarySaves #SavingsTipTuesday

Set aside your #taxrefund for unexpected repairs or emergency expenses: http://bit.ly/2jargdi @MilitarySaves #SavingsTipTuesday

Jumpstart your goals by earmarking this year’s #taxrefund for savings >> http://bit.ly/2jap85c @MilitarySaves #SavingsTipTuesday

Saving for a rainy day? Put your #taxrefund into emergency #savings >> http://bit.ly/2jargdi via @MilitarySaves #SavingsTipTuesday

Get some much needed relief. Apply your #taxrefund to your outstanding #debt >> http://bit.ly/2jap85c @MilitarySaves #SavingsTipTuesday

#SavingsFactFriday

Saving even $50 of your #taxrefund can make all the difference. @SaveYourRefund: http://bit.ly/2i8VJvC @MilitarySaves #SavingsFactFriday

If it sounds too good to be true, it probably is. Beware of tax time scams: http://bit.ly/2iHRua3 @MilitarySaves #SavingsFactFriday

Millions miss out on EITC $$ b/c they don't claim it or don't file taxes at all: http://bit.ly/2hX4Hrl @MilitarySaves #SavingsFactFriday

Your #taxrefund will continue to grow if you put it into savings or retirement: http://bit.ly/2jap85c @MilitarySaves #SavingsFactFriday

A #taxrefund can provide an opportunity to improve your financial situation: http://bit.ly/2jap85c @MilitarySaves #SavingsFactFriday

Free tax help and free tax preparation are available in person and online: http://bit.ly/2hXbHnX @MilitarySaves #SavingsFactFriday

Additional Posts

Do you have a tip about saving at tax time? Share it with @AmericaSaves and you could win $25 >> http://bit.ly/2hZ6e1m @MilitarySaves

#Taxrefunds (incl. EITC + ACTC) are NOT considered income for those w/public benefits. @RealEconImpact @MilitarySaves

.@MyFreeTaxes = free tax prep + filing help for qualified ppl w/combined income of $62k or less >> http://bit.ly/2hZ1d9c v/ @MilitarySaves

A new tax law will delay refunds that claim the EITC or ACTC until Feb. 15: http://bit.ly/2hTPLyb v/ @AmericaSaves @MilitarySaves

Do you need to file a tax return in 2017? This #BetterMoneyHabits video can help you find out: http://bit.ly/2hU8smo @MilitarySaves

Your emergency savings can help you win big this tax season w/ @SaveYourRefund: http://bit.ly/2i8VJvC @MilitarySaves

After splitting your refund w/Form 8888, all you need is 93 seconds to enter @SaveYourRefund! http://bit.ly/2i8VJvC @MilitarySaves

What you should know about the EITC delay in 2017 >> http://bit.ly/2hTPLyb v/ @AmericaSaves @MilitarySaves

Have questions about how to file taxes in your 20s? Here are 6 easy steps from #BetterMoneyHabits: http://bit.ly/2iH8ICq @MilitarySaves

Let @MilitarySaves help you stay committed to your tax time #savings goal! Take the pledge today: http://bit.ly/2an9Bwa

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Relevant Resources

Share the following resources with your audience and with partnering organizations.

From Military Saves

Resources

Blog Articles

Resources + Research

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Join our List

Subscribe to Military Saves partner updates to be the first to receive new partner packets, the latest savings news and research, and information about Military Saves Week. 

 

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Holiday Spending & Saving

Written by Tammy G. Bruzon · 22 November 2016

Celebrate the Holidays & New Year with a New Financial You

The holiday reports are in! Retail spending will increase across the board by about three percent this year, reaching its highest point since the Great Recession. Many reports also show that people are feeling more secure about their finances as a whole and are planning their purchases more strategically. We want to celebrate this fact by encouraging Military Savers to take these good financial habits with them into the New Year.

Please share the article, social media content, and resources provided with your constituents, your partners, and the general public. As always, please encourage individuals to take the Military Saves Pledge—an important step in creating a plan to reach their savings or debt reduction goals. After all, those with a plan are more likely to achieve their goals!

In This Packet:

Article Copy

Social Media Content

Twitter Chat

Relevant Resources

Join Our List


Article Copy

Use this content for your blog, newsletter, email communications, or any other publication. You can either rewrite the information or use as a guest post.

Five Steps to a New Financial You in 2017

Holiday shoppers have been careful each holiday season to make their lists and check them twice. Budgets have become more discerning, and savers have become better planners for their holiday spending, prioritizing savings along the way.

According to a September 2016 report, two out of five millennial shoppers got a head start this year and had started buying gifts for the season before summer had even come to a close.

These successful financial habits don’t have to stop there. With the New Year comes an opportunity to make some improvements to your financial health. Don’t make just another resolution that disappears by Valentine’s Day. Take your financial wellness to a whole new level: a New Year, a new financial you.

These five steps will help you to establish your best financial path for 2017, and you can have all the heavy lifting done before the clock strikes twelve:

  1. Take stock of your finances. Take account of all your income, expenses, and existing savings/investment accounts. And no matter how nice you were, don’t forget to include any naughty debts you may have incurred in the spirit of the season.
  2. Sketch out a budget “template” for the year to come. Think big picture. Plan your holiday spending for 2016 with this handy worksheet from Military Saves and find the method for budgeting that you’re going to use in 2017, and rough out what you’d like it to look like from month to month. Be pragmatic about your needs and be honest about where your money is going in. Plan to make adjustments and really dig into your spending habits when you check back in on a regular basis.
  3. Check your credit report. It is your legal right to get a free copy of your credit report every 12 months from each of the three major credit reporting bureaus. Add a visit to AnnualCreditReport.com to the calendar as an annual “holiday” or divvy up the bureaus to get a free report from a different bureau every four months.
  4. Set up bank and credit alerts, and financial reminders. Whether you’re at your computer or on your mobile device, you are in an ideal position to receive notifications about upcoming payments, suspicious activities on an account, transactions over a certain dollar amount, low balances, and more. Find out what online services your financial institution(s) offer, and supplement what they don’t with an app or calendar reminder. It’s all right there at your fingertips.
  5. Make a commitment to yourself to save. Those who make a commitment to themselves and their family to save usually save more than those who don’t. Think of this as your New Year’s Resolution. Make your commitment today by taking the Military Saves Pledge and follow the prompts to sign up for text message tips and reminders. Get regular advice and support from Military Saves to help you save money!

A new financial you is an achievable goal for 2017. Join those savers who have successfully opted to reduce holiday spending and prioritize savings throughout the season. To learn more about spending and saving during the holidays and take the Military Saves pledge, visit MilitarySaves.org.

Tammy G. Bruzon works for Military/America Saves, managed by the nonprofit Consumer Federation of America (CFA), which seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. Learn more at militarysaves.org.

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Social Media Content

Share the following messages with your Facebook & Twitter followers.

#SavingsTipTuesday

Retailers will trick you into #spending money this #holiday season. Here's how: http://ow.ly/oK9D305Ytpm @MilitarySaves #SavingsTipTuesday

"Make bite-sized money goals," like setting a spending limit this holiday season http://ow.ly/yEvt306ahfv @MilitarySaves #SavingsTipTuesday

Find the funds for the #holidays without #credit cards and #debt! Here's how: http://ow.ly/ToEn8 @MilitarySaves #SavingsTipTuesday

Make 2017 the year you're ready for life's gotcha moments! http://ow.ly/N8tM306chNp @MilitarySaves #SavingsTipTuesday

Take control of #saving & #spending during the #holidays- create a holiday budget! http://ow.ly/D4dJR @MilitarySaves #SavingsTipTuesday

Insulate your #finances from seasonal chills this holiday season. http://ow.ly/QDyp306ciGG @MilitarySaves @FINRA_Investor #SavingsTipTuesday

Take these 10 steps to reduce your #holiday stress, expenses, and regrets: http://ow.ly/EavIN @MilitarySaves #SavingsTipTuesday

#SavingsFactFriday

You may spend $800 or more this holiday season on gifts. Plan with a FREE budget! http://ow.ly/vQ2H306ajFV @MilitarySaves #SavingsFactFriday

The average consumer will spend $1000 or more between Halloween & New Year's. http://ow.ly/ToD9D @MilitarySaves #SavingsFactFriday

Spending on extras can blow your holiday budget. Make a plan & stick to it! http://ow.ly/D4fcB @MilitarySaves #SavingsFactFriday

Setting reasonable expectations can keep your #holiday shopping in check. http://ow.ly/D4fus @MilitarySaves #SavingsFactFriday

#MilitaryConsumer is revamped with articles,/tips, including those on spending $. http://go.usa.gov/xkJdr @MilitarySaves #SavingsFactFriday

A list is different from a budget. And 6 other signs you may be spending too much. http://ow.ly/spVX306cjs0 @MilitarySaves #SavingsFactFriday

When you create your #budget, include extras, like holiday parties and meals. http://ow.ly/1yxF306ckoW @MilitarySaves #SavingsFactFriday

Additional Posts

Protect your #identity while #shopping online. Avoid public computers, & verify websites are secure. http://ow.ly/ToHcH @MilitarySaves

#Holiday #shopping with a #credit card? Calculate what it will take to pay off that #debt: http://ow.ly/ToND9 @MilitarySaves

Assess your current #financial stability to determine your approach to #holiday #spending: http://ow.ly/ToPhZ @MilitarySaves

The #costs of going home for the #holidays can be high. Use the Holiday Travel Planner to plan ahead: http://ow.ly/ToS5Q @MilitarySaves

Do you have a savvy tip or story about #holiday #savings? Share it with @MilitarySaves! http://ow.ly/eG4h306fniM

Ever wish you could just ask an economist? @AmericaSaves did! Here's what they had to say about holiday spending: http://bit.ly/2efx07w @MilitarySaves

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Twitter Chat

Please join @AmericaSaves and @MilitarySaves on Thursday, December 8th at 2pm Eastern for a 45-minute power chat on savings and financial habits during and after the holidays.

Americans plan to spend over $900 on their holiday shopping this year. It makes sense when you add up all the travel, meals, gifts, tips, and even the lights! Please join our Twitter conversation to discuss how to set a holiday budget, limit spending, and establish good savings habits for the New Year.

Hashtag: #HolidaySavings

Featuring:

Aaron Klein, fellow of economic studies at Brookings Institution (@Aarondklein)

Mark Calabria, director of financial regulation studies at CATO Institute (@MarkCalabria)

Topic: Holiday Habits: Spending Less and Saving More

When: Thursday, December 8 at 2pm Eastern (iCalendar | Google Calendar |  Outlook | Yahoo)

Easy ways to follow the chat: Twubs or tchat.io.

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Relevant Resources

Military Saves

Research

Holiday Spending + Savings in the News

Other Resources

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Join our List

Subscribe to Military Saves partner updates to be the first to receive new partner packets, the latest savings news and research, and information about Military Saves Week. 

 

 

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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 

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