Military Saves Week Starts Tomorrow

Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey and Sgt. Maj. Bryan Battaglia encourage service members to take part in Military Saves Week.

This is the first in a seven-part series of posts related to Military Saves Week. Visit us every day this week for tips to help you secure your financial future; from eating healthy on a budget to contributing to your Thrift Savings Plan, and getting your kids saving, too.

Military Saves Week is Feb. 25 – Mar. 2, 2013. Gen. Martin Dempsey, the Chairman of the Joint Chiefs of Staff, and his senior enlisted advisor, Sgt. Maj. Bryan Battaglia, are encouraging service members to plan for the future by saving a little bit today.

“You know Murphy’s Law, anything that can go wrong, will go wrong,” Sgt. Maj. Battaglia said, referring to why it’s important to start an emergency savings account.

He went on to add that achieving financial fitness is as easy as saving $25 a month in a personal savings account, contributing part of your paycheck to a retirement account and avoiding credit.

Gen. Dempsey recommended taking the first step to financial success by signing the Saver Pledge and committing to building your wealth, not your debt.

For more on how you can start a savings plan and for other financial resources check out our video playlist on YouTube or visit Military Saves on Facebook and Twitter.

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Trainanswers

Save up money to buy things as the credit card with lowest payments, you will find that you pay three times as much for the item. ( $80.00 item on a card costs you $240 with 6% interest with $10.00 payments). If you charge something pay the bill in full to show no interest.
- Chris
  
  Better yet, don’t feed the banks by giving them your money. NO CHARGE CARDS AT ALL…NO SAVINGS ACCOUNT, AND ONLY LEAVE ENOUGH MONEY IN YOUR CHECKING ACCOUNT TO PAY YOUR BILLS EACH MONTH…
  A savings account is a joke anymore…any interest accrued is lost through (government induced) inflation and taxes. Credit cards are no more than a legal way for the banks to steal from you. And leaving any excess money in a checking account allows the bank to use your money without compensating you for the profit they make.
  As for an IRA or 401(k), the government will soon be taking that money and replacing it with treasury bonds while they use your money to feed their multi-trillion dollar budgets.
  Take your money, invest it in things of intrinsic value that you can lay your hands on when needed…
R.A.

Is there a panel looking at possibly shifting some of the benefits that FGOs and FOGOs receive to supplement enlisted benefits? Perhaps by charging an optional “services fee” based on rank that would provide greater access to enlisted services while limiting access only to those officers who buy in. — AF Major (active duty), Maxwell AFB

Military Saves Week Starts Tomorrow

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