Military Saves Blog


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

The Big Cost of the Little Things

Savings Managing Debt Big Purchases
Written by Guest Blogger · 06 October 2015

By Corrinne McKenna, AFC® Candidate, FINRA Military Spouse Fellow

“If you add a little to a little, soon the little will become great.” – Hesiod, Greek poet

Take a moment to think of all of the little things you spent money on in the past week. Maybe you purchased lunch at the food court, an energy drink or coffee from the shoppette and a new movie from the exchange.


Find Your Housing Affordability Number to Better Manage Your Debt

Debt BAH Managing Debt
Written by Alecia Blair · 01 October 2015

By Alecia D. Blair, Military Saves Communications Associate

Housing is probably the largest liability (or debt) you have every month, right? It demands the biggest chunk of your monthly income and can greatly impact how much money you have left to spend on other things, such as everyday expenses, short- and long-term savings goals and paying off other debt. That’s why it’s so important to find your housing affordability number, which is based on a variety of factors. Doing so will help you find not just a house, but a home you can be at ease in.


Nine Tips to Help Manage Debt

Debt Personal Finance Managing Credit
Written by Guest Blogger · 29 September 2015

By FINRA Investor Education Foundation Staff

Rucking 70 pounds, dragging an anchor or slinging cargo. Soldiers, sailors and airmen know these are things that will slow your advance. Debt has the same effect; it can slow or even prevent you from reaching your financial goals. Here are nine tips to help you lighten your debt load:


The S.M.A.R.T. Way to Save for Large Purchases

Budgeting Budget Personal Savings large purchases
Written by Guest Blogger · 24 September 2015

By Jenny Schaub, Program Coordinator, Hancock County Saves, OSU Extension Hancock County :: This article comes from the America Saves blog.

Summer just ended and I’ve already started thinking about next year. Taking a beach vacation will my “big purchase” for the year, which leaves several months to plan ahead to save for this expense. But am I prepared? Do I have a timeline? Do I have a SMART goal set? My answer to all of these questions is a resounding “YES!” But what is a SMART goal?


Know What You Owe

Debt Credit Budget credit card debt
Written by Guest Blogger · 22 September 2015

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

The average American household is nearly $16,000 in debt with $7,400 owed on credit cards. Military families have seven percent higher unsecured debt, such as credit cards, and 15 percent higher monthly debt-related expenses. It’s important to take a realistic look at your debts and create a plan; understanding your household’s debt is imperative to your overall financial state.


Tip of the Day

  • Written by Guest Blogger | March 25, 2014

    #Save #money monthly through an automatic transfer from checking to savings using #myPay   

Saver Stories View all »

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.


Money on the Side

Written by Super User | November 26, 2010

Camp Arifjan, Kuwait -- A colonel in the 1st Theater Sustainment Command has money on his mind.

Army Col. George Fields, the Chief of Intelligence, or G2, has been teaching a free "Managing Your Money" class here in his spare time. More than 400 students have attended his six week-long class to learn more about increasing their own finances.

"All I did was sit down and listen to a guy one day who showed me what he was doing" said the colonel as he explained how he became interested in what he calls, "becoming financially free."


Naval Battalion's Effort Yields Team Success

Written by Super User | November 26, 2010

Construction Battalion Five, DETAIL CHINHAE would like to share our campaign success story with you!

Currently we have 23 members on our Det, (all of whom have registered with militarysaves) and out of them 16 are planning for retirement by saving and investing money in the Federal Thrift Savings Plan.