Military Saves Blog

Blog

Tips, advice, and the latest news from the savings world.

The Good, the Bad, and the Ugly of Compound Interest

Debt Emergency Fund Compound Interest Credit
Written by Laura Roler · 27 August 2015

By Laura Roler, Military Saves Associate, AFC® Candidate, FINRA Military Spouse Fellow

Compound interest can work for you or against you. It can provide some amazing benefits, turning a few thousand dollars into a million dollar fund over your lifetime, just in time for a comfortable retirement. However, compound interest is not a concept that only applies to retirement savings. As it applies to debt, it can be a lifelong weight on your finances.

Read more...

Considerations for Separating or Retiring from Military Service

Insurance Military Transition Tax-free Allowances Installation Services
Written by Guest Blogger · 26 August 2015

By Meghan Northcutt, AFC® Candidate, FFC Candidate

Separating and retiring from military service can be a difficult time; it comes with excitement and worry simultaneously. The time has come for you to consider what your life will look like after your military service commitment is completed. Here are three considerations to help increase the success of this major transition.

Read more...

Leaving the Military = Losing Tax Breaks

MilitaryTransitions Tax Planning Taxes
Written by Guest Blogger · 25 August 2015

By The USAA Educational Foundation

If you’re getting ready to leave the military you’re probably poised for many of the changes that are about to come your way. No doubt you’ve considered things like who you’ll be working for, what you’ll be doing, and, of course, where you’ll be living.

Read more...

Military Transitions–What to Expect

Financial Planning GI Bill MilitaryTransitions Job Placement
Written by Guest Blogger · 20 August 2015

By: FINRA Investor Education Foundation Staff

The first thing to realize about your transition from the military back into the civilian community is that you’re in good company. Millions of U.S. servicemen and women have successfully navigated this passage, and you will too. Your glide path back into the civilian community can be smooth or turbulent, though, and you want to do all you can to make a successful reentry.

Read more...

Less Traditional (and Less Costly) College Options

Savings Tips College Saving for College
Written by Guest Blogger · 19 August 2015

The following post comes from the America Saves blog.

By Joanna Rini, Extension Educator, Family and Consumer Sciences, The Ohio State University

College savings–parents and students across America hear these two words and likely feel overwhelmed, unprepared and in-over-their-heads... but maybe they don’t have to. Though most people associate college with traditional four-year degrees complete with residence hall living and a swipe-for-a-meal plan, there are a variety of alternative options for higher education that offer promising job prospects and come at dramatically lower costs.

Read more...

Tip of the Day

  • Written by Guest Blogger | February 11, 2014

    #Save just 1% of your income this year and grow $250-$500 in savings by the end of the year depending on your salary: http://ow.ly/tvMwQ

Saver Stories View all »

One Sailor's Course to Financial Freedom

Written by Super User | November 26, 2010

We all know its not easy to get out of debt once you in over your head. But it can be done with the sound advice and support that the Military Saves program offers. I am a testament to that. I was a recently divorced, single mother. Like many people I had credit card debt, a car loan, bad credit, and a low income job that never seemed to be enough to put food on the table.

Then I decided I'd had enough of living paycheck to paycheck and worrying about money all the time.

Read more...

Naval Battalion's Effort Yields Team Success

Written by Super User | November 26, 2010

Construction Battalion Five, DETAIL CHINHAE would like to share our campaign success story with you!

Currently we have 23 members on our Det, (all of whom have registered with militarysaves) and out of them 16 are planning for retirement by saving and investing money in the Federal Thrift Savings Plan.

Read more...

Savers Pledge Leads to Savings Success

Written by Super User | October 13, 2011

My name is Rob and I am a Staff Sergeant in the Marine Corps Reserve. My financial success is a huge result of the Military Saves Campaign.

My journey began five years ago after marrying my wife, Lisa. We entered our marriage with no savings plan in sight, carrying debt and living in a tiny apartment. After seeing an advertisement for Military Saves, we decided to grab the reigns of our finances and implement a positive financial plan.

Read more...