Military Saves Blog

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

Planting Roots after a Military Retirement: Five Factors to Consider Now

Retirement
Written by Guest Blogger · 18 September 2014

By Alecia D. Blair

 

It’s often easier to focus on bills, budgets and balances in the here and now. For many, saving for retirement is a challenge because it seems like something for the distant future. However, the best time to think about retirement is today—whatever your age!

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Pay Off Debt or Save for Retirement?

Debt Retirement
Written by Super User · 17 September 2014

Pay Off Debt or Save for Retirement?

The following post was originally published on May 7, 2013 on the America Saves Blog.

By Barb Miller, Bankruptcy Specialist at LSS Financial Counseling

Wow … what a loaded question! We always hear how crucial it is to get rid of toxic debt, especially credit cards with double digit interest rates. Therefore, people generally assume that paying off debt rather than investing for retirement is the correct answer. In my opinion, this is not really an either/or proposition. The best approach?  Do both!

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Dig Your Way Out of Debt

Debt Interest rate Snowball effect
Written by Guest Blogger · 16 September 2014

Dig Your Way Out of Debt

By Meghan Northcutt, AFC ® Candidate, FINRA Military Spouse Fellow

Last year, the Army Times reported 41 percent of Servicemembers had student loans compared to their civilian peers at 34 percent. Troops were also more likely than their civilian peers to have a home loan, car loan, and credit card balance.  Military members looking at debt tend to look for ways to pay debt off more quickly in order to save money over time.

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The Basics of Active Duty Retirement

Retirement
Written by Laura Roler · 11 September 2014

The Basics of Active Duty Retirement

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

If you’ve committed to a military career, you’ve earned some life-long benefits.

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New Partner Resource Packet: Saving for Retirement

Retirement Savings Partner Packet
Written by Laura Roler · 11 September 2014

Join us this fall as we discuss saving for retirement!

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Tip of the Day

Saver Stories View all »

On the Right Track to Build Wealth

Written by Super User | April 16, 2013

My name is Robina Wahl, and I am a military wife and a veteran. Although I am fairly new to the Military Saves Campaign, the message to “Build Wealth, Not Debt” reassured me that my husband and I were on the right track and doing the right things.

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Relevant Finance from First National Bank

Written by Super User | November 26, 2010

From Get Smart About Credit Day in October 2008 through Military Saves Week in February 2009, participants learned the financial facts of life. Lessons were focused on check writing, understanding the stock market, credit cards, differentiating between needs and wants and budgeting.

In one session First National Bank personalized the ABA Education Foundation’s Teach Children to Save Money Tree lesson with an emphasis on saving. The lesson taught students how to manage money and pay bills while saving.

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One That Almost Got Away

Written by Super User | November 26, 2010

Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

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