Choose Your Savings Goal

Emergency fund Retirement Investment Savings Vacation Education Large Purchase Debt Repayment Housing Transition fund General Savings

Emergency fund

Nearly a quarter of savers who take the Military Saves pledge chose “emergency savings” as their first wealth-building goal. And they have the right idea.

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Helpful emergency savings links:
Set a Goal: Save for Emergencies Emergency Savings Tips on Where to Keep Your Emergency Savings This is the Emergency You've Been Saving For How Military Families Can Save $500 to $1,000 for Emergencies

Retirement

Retirement savings is a top priority for many Savers. Saving now for retirement will ensure that you have enough money to enjoy a comfortable standard of living when you stop or reduce the amount of hours you work.

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HELPFUL RETIREMENT SAVINGS LINKS:
Why Military Spouses Should Get Ready for Retirement, Too Your Uniformed Services TSP Account: A Sweet Deal That Just Got Sweeter Three Things to Know When You Have Two TSP Accounts Your TSP: How to Make Your Money Work For You

Investment Savings

More and more people who take the Military Saves pledge are choosing investment savings as their goal. Making investments can build wealth over time more reliably than using a savings account, but it also involves risk. So, it’s important to educate yourself.

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Helpful Investment Savings Resources:
Check out the Better Business Bureau’s (BBB) time-tested rules Check out the Securities and Exchange Commission’s (SEC) guiding principles Learn more about investment fees from the SEC

Vacation

Vacation anyone? You might be gearing up for your next trip soon. Luckily, you don’t have to be rolling in dough to travel!

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Check out these resources to help save for your next vacation:
Make the Most of Your Vacation with These Easy Summer Savings Tips

Education

Saving for education is the second most popular goal (after saving for emergencies) savers select when they pledge to save with Military Saves.

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Helpful Education Savings Links:
Learn more about grants and scholarships Learn more about Federal Work-Study Learn more about 529 plan fees and how they impact financial aid eligibility Learn more about savings bonds Learn more about federal student loans

Large Purchase

Think and acting like a saver not only means knowing what you’re saving for and how much it costs, but having a plan for building that savings.

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Helpful Large Purchase Savings Tips:
Five Rules for Buying a House 4 Things Veterans and Service Members Need to Know When Buying a Home 5 Holiday Mistakes That Could Cost You Save with a Plan: Your Future Self Will Thank You

Debt Repayment

Getting out of debt is the #3 goal Savers select when they pledge to save. With planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth.

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Helpful Debt Repayment Links:
Tips for Getting Out of Debt First Step to Destroy Debt: Stop the Bleeding Looking for extra money? 8 Debt Management Tips That Could Help Military Service Members Save Money Each Month

Housing

Develop a savings plan to build up money for a down payment at purchase, for moving expenses, and for post-purchase emergency expenditures such as needed home repairs.

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Helpful links for future homeowners:
Visit Freddie Mac for information about home buying and the mortgage process For more information about home buying and the mortgage process visit Fannie Mae Check out Current Mortgage Rates Five Rules for Buying a House 4 Things Veterans and Service Members Need to Know When Buying a Home

Transition fund

Military families move all the time, but to prepare for a life of moves, you need to know what to expect both before and after a move. That means asking a lot of questions and doing some research. Know the costs involved, make a PCS (Permanent Change of Station) plan, and set aside funds specifically ear-marked as a PCS fund.

Learn more

Helpful Transition Fund Links:
Talk to Your Spouse About Money BAH Calculator

General Savings

It can be hard to put aside money for savings. But there is an easy way to save money without ever missing it. Make your savings automatic. You can start small and save $20 a week or month or you can try and save more.

Learn more

Helpful General Savings Resources:
54 Ways to Save Money What's The Easiest Way To Save? Automatically How to Start Your Savings Journey 38 Reasons You Need At Least a $500 Emergency Fund 5 Ways To Teach Kids How To Save At Home

Take the Military Saves Pledge

Savers who make a plan are twice as likely to save successfully.

Military Saves Text Messages

Now there’s a new way to sign up to receive goal-based text messages from Military Saves!

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For Organizations

Military Saves Month Latest Partner Resource Packets Resource Links

For Organizations

Military Saves wants to assist your efforts to encourage financial action and savings behavior change throughout the year.

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Be sure to check out...
Military Saves Month Latest Partner Resource Packets Resource Links

2021 Saver Survey Digital Toolkit

Military Saves is excited to announce the opening of the 2021 Military Saves Saver Survey! The survey launches on May 17th, 2021 and closes on June 18, 2021.

View Partner Resource Packet

By MyArmyBenefits Team

Life After Retirement: Will You Have Enough?

This month we are highlighting a partner resource. MyArmyBenefits is the U.S. Army’s official benefits website and is geared towar...

View Details View partner site
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Insights Saver Tips and Stories Saver Links

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Insights Saver Tips and Stories Saver Links

Debt

03.03.2017

Looking for extra money? 8 Debt Management Tips That Could Help Military Service Members Save Money Each Month

By Jerry Quinn, head of Wells Fargo Military & Veteran Programs
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Retirement

05.22.2019

Why Military Spouses Should Get Ready for Retirement, Too

A recent by the Transamerica Center for Retirement Studies highlights some sobering facts about women and retirement. While wome...
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04.19.2019

Involving Kids in Family Finances

One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how ...
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Automatic Savings

11.13.2020

Building a Six-Figure Savings While Enjoying Life

Does the idea of saving up hundreds of thousands of dollars seem impossible? How about doing it while still living an enjoyable li...
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Government Websites

Check out the government resources that are available to you.
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Hands on Banking

Do you have an emergency fund? Are you saving for a big purchase, like a car? Are you saving for retirement? Learn strategies and ...
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Partner Resource Packets

01.25.2021

January 2021: Tax Time Savings Resource Packet

Is it really that time of year again? Filling out IRS forms is not necessarily enjoyable, but many military families eagerly antic...
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04.26.2019

Money and Moving: Avoid a PCS Financial Fiasco

Spring is in the air and in the military community that means one thing: thousands of families across the globe have just received...
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Press Releases In the News Reports

Press Releases In the News Reports

06.01.2021 By Angela Caban

11 Financial Institutions, 17 Organizations Awarded for Encouraging Militaryand Veteran Community to Save

Military Saves announced today that three banks and eight credit unions have been awarded the Military Saves Designation of Saving...
Read Now

02.23.2018

Bank on it: Military Saves Week Encourages Saving over Spending

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02.01.2019

New Horizons Credit Union participates in National America & Military Saves Week

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Military Saves 2018 Annual Report

For more than 15 years, Military Saves has motivated military families to save money and focus on their financial readiness. As th...

Military Saves Month 2021 Annual Report

Since 2007, Military Saves has provided a platform for organizations and installations around the world to promote the benefits of...
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Tap Into the Power of Powerpay.org

When it comes to personal finances, everyone has a favorite tool or system. Whether it be traditional pen and paper, Exc...

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Emergency fund

Retirement

Investment Savings

Vacation

Education

Large Purchase

Debt Repayment

Housing

Transition fund

General Savings

Take the Military Saves Pledge

Military Saves Text Messages

Be sure to check out...

2021 Saver Survey Digital Toolkit

Life After Retirement: Will You Have Enough?

Government Websites

Hands on Banking

Military Saves 2018 Annual Report

Military Saves Month 2021 Annual Report

Frequently searched

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