| 1. | Where can I get financial counseling? I am meeting with a lawyer next week and wondered if you can help. | | Top | |
| We suggest you call InCharge Debt Solutions, a non-profit credit counseling service that is a partner in Military Saves and the DoD Financial Readiness Campaign. Perhaps they can help you avoid bankruptcy. Their number is 1-800-565-8953. Visit the Airman and Family Readiness Center, the Financial Readiness Program Center, or the Fleet and Family Support Center. Military OneSource also has great resources. |
| 2. | How do I invest? Can I do it monthly or can I do it daily? I would really like more information about this program because there were not enough resources on this website. | | Top | |
Our campaign is designed to introduce you to the places you can go for advice and assistance, not to give that to you directly. This is because personal finances are very personal, and each person's situation is unique. Please re-visit our Resources page and check under "Individual Saver Resources." You will find places you can go or telephone for personal advice, as well as websites where you can do your own research.
Most regular investing is done monthly or semi-monthly, through allotment or electronic transfer from your checking or savings account. Your on-base credit union and your Airman & Family Readiness Center, your Financial Readiness Program Center, or your Fleet and Family Support Center can help you, as can Military OneSource. |
| 3. | I am hesitant to take The Saver Pledge, because I do not want to share my personal financial information and I dont want to bombarded with a lot of junk email? | | Top | |
| Military Saves is a private, non-profit, completely voluntary program run in conjunction with the DoD and military services. You dont have to share any financial information. The idea of the campaign is for us to commit to building wealth over time and encourage others to do the same. If you dont share the philosophy, just dont participate. You may find some of our information interesting your individual participation will not be reported to anyone. We send out a few newsletters a year only; If you do not want to receive them, just unsubscribe. |
| 4. | I am a civil servant and am going to move to Japan so I need to sell my house. I bought my house in 2004 for $230,000 but it is only appraised at $170,000 now. What should I do? | | Top | |
| Every financial situation is unique so you would benefit from talking with a financial counselor or planner. As a civil servant you are eligible for assistance from the Airman and Family Readiness Center, the Financial Readiness Program Center or the Fleet and Family Support Center on your base and visit Military OneSource. You can see a financial educator through one of the centers, and you can get a free financial planning session over the phone (by appointment) at Military OneSource. Your on-base credit union is another resource. |
| 5. | Why didnt I receive a welcome email? | | Top | |
| We always want to know when you dont get your welcome email so contact us but check your junk mail first. |
| 6. | I just took The Saver Pledge and I wanted to get started saving. What are the next steps for me? | | Top | |
| Congratulations on making a decision to start saving! Please contact your Command Financial Specialist, or if you don't have one, your Financial Educator through the Airman and Family Readiness Center, the Financial Readiness Center or your Fleet and Family Support Center and they can help you make a spending plan and incorporate saving into that plan. If you'd rather, you can also go to the Air Force Relief Society or the Navy-Marine Corps Relief Society, or your on-base Credit Union. If you prefer to get help over the phone, call Military OneSource at 1-800-342-9647. You can see other resources on our Web site. Set up a savings account by allotment (you can find out where to get good rates at www.bankrate.com) so you have an emergency fund. Make contributions to TSP (www.tsp.gov) through MyPay to save for retirement. You need to manage that money a little bit choose where you want your money to go, or talk to a certified financial counselor at Military OneSource. |
| 7. | Can you direct me to information regarding setting up a 529 account for my childs education future? | | Top | |
| Do internet research, talk to someone over the phone, or see a consultant in person. Get information by visiting www.SaveAndInvest.org. Call Military OneSource and they can send you info and make an appointment for you to speak with a certified financial planner. These are trained financial counselors, but they are not financial planners and they are not experts on 529s. |
| 8. | Will you send me some information? | | Top | |
| We do not have hard copy information to send you -- all of our information is found on our Web site. If you have questions about the campaign after reviewing the Web site (read the action plans and checklists in the resource kit to learn about how to bring the campaign to your unit), please contact us. |
| 9. | Would it be possible to be a partner/or adopt our class? | | Top | |
| Your class can partner with the campaign just by deciding to. Go to our website and use the suggested checklists there to develop a plan to make your class a Military Saves community. Suggest that you use our public service announcements, invite the kids to take The Saver Pledge, and talk about ways that culture influences how we use our money. You might be able to team up with the social studies teacher to look at marketing trends and techniques, and the history of the use of credit. |
| 10. | Where can I get home loan and mortgage information? | | Top | |
| You can get information on home loans from many sources. Visit Military OneSource for information on how to buy a home. Your on-base bank and credit union are also good places to start. You can check out the mortgage rates on the internet at sites such as www.bankrate.com or www.interest.com. If you are a first time home buyer, you may qualify under the the Fannie Mae Program. If you are a USAA member, they have a MoversAdvantage program designed to make buying and selling a home easier. Military.com also has great information on loans and relocation. Finally, visit www.SaveAndInvest.org for information on buying a home. |
