Recent Articles

Blog

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

Dig Your Way Out of Debt

Debt Interest rate Snowball effect
Written by Laura Roler · 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 to save money over time. When faced with this question, I use an analogy that paying only minimum payments is like digging a hole with a spoon; to make real progress, you want to use a shovel.

Read more...

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.

Read more...

Tip of the Day

Saver Stories View all »

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?

Read more...

Airman Succeeds Through Dedication to Building Wealth Not Debt

Written by Super User | October 13, 2011

I came into the Air Force at 23 years old in 1993 with about 12 outstanding bills (hospital bills, car loan, car insurance, school loans, credit cards, etc.). You name it, I had the bill. Thanks to the Family Support Center, Dave Ramsey's Financial Peace University, and many other sources, I now have no outstanding bills.

Read more...

Making Savings a Part of Marriage

Written by Super User | November 26, 2010

Capt. Rob Eckhardt is the first to admit that he hasn’t always been responsible with money. But less than 10 years after a rocky start to saving, Eckhardt reports that he and his wife are free from credit card debt, have a down payment on a home, and are saving regularly for retirement. And, as the Military Saves representative for his Air Force squadron, he’s helping others make similar progress.

Read more...