Military Saves Blog

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

New Resource Packet Available: Managing Credit & Debt

Credit Managing Credit credit card debt partner resource packet
Written by Laura Roler · 01 September 2015

To help the servicemembers and families you serve better manage debt and credit and to promote the importance of savings long term, we have put together this resource packet with you in mind.

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The Not-So-Obvious First Steps to Getting Out of Debt

Debt Emergency Fund credit card debt
Written by Guest Blogger · 01 September 2015

By The USAA Educational Foundation

If you’re desperate to get out of credit card debt, chances are you’re using every extra dime you’ve got to try and knock down your balances. And while this is completely understandable, it’s probably not the best approach.

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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.

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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.

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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.

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Tip of the Day

  • Written by Guest Blogger | February 26, 2014

    #Save automatically using an allotment with #myPay to automatically transfer funds monthly into a #savings account http://ow.ly/sGWxb

Saver Stories View all »

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.

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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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60 Teens participate in Massachusetts Youth Saves Program

Written by Super User | November 26, 2010

During the months of June & July, 60 teenagers aged 13-19 from Marine, Coast Guard, Army, and Air Force families attended Youth Saves programs across the Commonwealth of Massachusetts to help increase their knowledge of financial literacy.

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