Last week Military Saves and partnering organizations, installations and financial institutions participated in Military Saves Week 2014. Military Saves Week provided the military community with incentivized savings products, workshops and events to encourage servicemembers to become military savers. Military Saves manned a table at the Pentagon Financial Readiness Fair, conducted with several of our partner organizations to encourage servicemembers and DoD civilians to take the Military Saves pledge. Through social media, we also informed military savers about incentivized financial products, financial workshops and community events that were being held specifically for servicemembers, their spouses their children.
Credit unions around the country that serve military servicemembers and their families will hold several types of events in celebration of Military Saves Week. Events planned include financial wellness seminars and luncheons, raffles, and races. Additionally credit unions will offer savings products including gifts for signing up for a Military Saves bank account, special interest rates when signing up for direct deposit, giveaways, and more. Below is a summary of a few of the great events and promotions being held by credit unions this Military Saves Week:
By Amy Maliga, Take Charge America
Few things can derail your plans to save money more quickly than impulse buying. And it doesn’t have to be a large purchase, either. A few small, unplanned purchases a week can really add up. Before you know it, the money you’d planned to save for the month is gone and you have very little to show for it. Impulse buying can be a hard habit to break. Here are some tips to help you control the urge to buy on impulse:
Military Banks Encourage Personal Savings in the Military Community; Offer incentives, Specials and Promotions!Military Saves Week
By Andia Dinesen, AFC ®
VP Communications and Operations, AMBA
For over 8 years military banks have been supporting the Military Saves Campaign. The 2014 campaign is gearing up to be the best year yet. Each year since 2007, the Military Saves Campaign, which encourages servicemembers, DoD employees, veterans, and their families to save money, is kicked-off by Military Saves Week. This year Military Saves Week is 24 February through 1 March.
It’s never too early to teach the importance of saving to your children, and Military Saves Week is a great way to get children involved in savings! Along with teachable moments like having children save their tooth fairy money, or encouraging them to save a portion of their allowance in piggy bank, Military Saves Week can be a fun, teachable experience for your child to learn about the importance of financial planning.