Military Saves Blog

Blog

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

MilSpouse Professional License Transfers: Is There an Easy Button?

PCS Military Spouse Licensure Military Spouse Employment Professional license transfers
Written by Guest Blogger · 28 May 2015

By Nancy Grade, Licensed Professional Counselor and Air Force Spouse, originally posted on the National Military Family Association's blog, Branching Out

According to the Department of Defense, military spouses are an educated bunch, with over 84% of military spouses having some college education, 25% have earned a four-year degree, 10% have an advanced degree, and 5% have professional licenses.

Read more...

Five Tips to Avoid the Financial Stress of a PCS Move: Part 2

Budgeting PCS Military Spouse PCS Moves
Written by Alecia Blair · 25 May 2015

By Alecia D. Blair, Military Saves Communications Associate

Spring has sprung, and permanent change of station (PCS) season is in full swing! If you’re among the one-third of active servicemembers who receive PCS orders each year, according to the Consumer Financial Protection Bureau (CFPB), then you are very aware of the financial costs of these moves that can stress even the most frugal of military families.

Read more...

Five Tips to Avoid the Financial Stress of a PCS Move: Part 1

PCS PCS Moves Personally Procured Move Lending Closet
Written by Alecia Blair · 21 May 2015

By Alecia D. Blair, Military Saves Communications Associate

Spring has sprung, and permanent change of station (PCS) season is in full swing! If you’re among the one-third of active servicemembers who receive PCS orders each year, according to the Consumer Financial Protection Bureau (CFPB), then you are very aware of the financial costs of these moves that can stress even the most frugal of military families.

Read more...

Permanent Change of Station & Military Spouses—Closing the Income Gap

Military Spouse PCS Moves Unemployment
Written by Guest Blogger · 19 May 2015

By: FINRA Investor Education Foundation Staff

Active duty military personnel make permanent change of station (PCS) moves about every two to four years. PCS expenses—such as the high cost of temporary lodging, meals, vehicle maintenance costs, fees for boarding pets and housing transaction costs—can eat into tight budgets.

Read more...

Changing Where You Stay? Update Your TSP Account In MyPay

TSP PCS Moves MyPay
Written by Guest Blogger · 12 May 2015

By Kisha A. Taylor, Writer/Editor, Federal Retirement Thrift Investment Board 

Think about it: How many times has your address changed since you’ve started contributing to the TSP? If you’re like many of your fellow military members, you’ve probably PCS’d more than a few times.

Read more...

Tip of the Day

  • Written by Guest Blogger | April 14, 2014

    Learn how the Earned Income Tax Credit (EITC) can increase your refund this #tax season! http://ow.ly/uI7e0 

Saver Stories View all »

Regular Savings is the Key to Success

Written by Super User | November 26, 2010

My name is Chris Strong. I joined the Air Force on 25 March, 1985. On that day, my financial life changed forever. I was introduced to saving bonds in Basic Training. Savings bonds were the big thing back then just like the Thrift Savings Plan is today. A Colonel gave us a briefing. I cannot remember his name but I can remember the 100 savings bonds he had posted to a piece of card board. He gave us a speech on the importance of saving money and how it can change your life. He inspired me to save.

Read more...

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...

Meet Wacinque BeMende

Written by Super User | November 26, 2010

Meet Wacinque BeMende. He’s so passionate about encouraging savings and promoting financial literacy, he’s established his own Kid’s Savings Program. Wacinque donated $15,000 to the Community Action of Laramie County in Cheyenne Wyoming to begin the Wacinque “ Rhino” Fund Endowment to help kids open savings accounts.

Read more...