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Written by Super User · 23 September 2013

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

Some Helpful Links:

Last Minute Financial Aid Tips

Written by Super User · 11 June 2013

Last Minute Financial Aid Tips

June 13, 2013
by Jason
Founder, Frugal Dad

We publish a lot of information, and a lot of it has to do with financial aid. At this time of year when students and their parents may be in a panic trying to get their financial aid applications in before it’s too late, it can be hard to distill all the information you’re getting bombarded with from this and other sites. Inspired by an article Victor Luckerson recently published on “Time” magazine’s business site — “10 Tips for Getting the Most Out of College Financial Aid” — I decided that our readers could use a breakdown of some of the more useful financial aid tips, too.

Luckerson’s top tip is, and regular readers of this blog will know I agree wholeheartedly, to file early! The Free Application for Federal Student Aid (FAFSA) for the 2013-2014 academic year became available on January 1. Most colleges and universities require the FAFSA to be completed in order to determine financial aid eligibility. Some schools actually require students (and, thus, parents when applicable) to file their FAFSAs by mid-February. Even if you’ve missed that deadline, don’t NOT file.

Another reason to file early is to get your application in before financial aid funds run out. Many schools award funds on a first-come, first-serve basis until all earmarked aid funds are gone. Increasingly, students with need outpace available funds, and late filers lose out every year. It’s not just schools either. Some states, including Illinois, Kentucky, North Carolina, South Carolina, Tennessee, Vermont and Washington, also hand out aid until resources are depleted and then close the coffer doors. Students who are expecting aid in these states are advised to file their applications now, if they haven’t already.

I know that the FAFSA asks for tax information, but don’t wait until you file your taxes to file your FAFSA. Use information from last year, or just make your best estimate. You can always go back and amend your application online once your taxes are filed; but it is important to get your FAFSA in front of financial aid administrators as soon as possible.

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Written by Super User · 18 September 2013

Designation of Savings Excellence for Military Saves Week

Written by Super User · 04 February 2013

Military installations, organizations and financial institutions around the world do a lot to help service members and their families save money and assess their financial readiness during Military Saves Week (Feb. 26-March 3, 2018) and throughout the first quarter of the year.

That’s why we recognize installations, organizations and financial institutions that go above and beyond during Military Saves Week with our America Saves Designation of Savings Excellence for Military Saves Week.

This year, Military Saves is adding the new designation category for installations & military-affiliated organizations (including Financial Readiness Programs/Centers) and is especially interested in recognizing those that promote automatic savings, emergency savings and the new Blended Retirement System in innovative ways to service members and the military community.

The Designation of Savings Excellence is an organizational award and should be considered as representing the entire footprint of the organization. A selection committee comprised of industry and nonprofit leaders will meet in Spring 2018 to review applications and select the winners.

**This year, the designation application is a part of the America/Military Saves Week Reporting Survey. We simplified both with fewer and easier-to-answer questions. 

Applications for the America Saves Designation of Savings Excellence are due April 6.


>>Designees will be recognized in the following ways:

>>Criteria:

Organizations that apply for the designation will be evaluated on these five criteria:

  1. Signed up to participate in MSW and organized a MSW working group.
  2. Partnered with financial institutions and other organizations on/off post to promote MSW.
  3. Encouraged the Military Saves Week Pledge.
  4. Promoted MSW through a variety of events and mediums, including using the many resources found on MilitarySaves.org.
  5. Extra points will be given to installations/organizations that specifically promote automatic savings, emergency savings and/or the new Blended Retirement System in innovative ways.

>>How to apply:

Awards will be given based on the complete information provided through the America/Military Saves Week Reporting Survey/Designation of Savings Excellence Application, which will be available March 9-April 6, 2018.

COMPLETE THE REPORTING SURVEY/DESIGNATION APPLICATION

 

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

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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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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.

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How Smart Financial Decisions Can Create Opportunities 

Written by Stephen Ross, America Saves Program Coordinator | November 22, 2019

Of the many stories Military Saves shares, most describe how someone was in dire straits financially and worked their way out of it with the help of Military Saves. This time we want to highlight a different kind of story. This is a story about how responsible financial decisions can build on one another to create opportunities you thought only the super-rich enjoy.

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