Wrapping up Military Saves Week

This is the seventh post in a seven-part series related to Military Saves Week. All this week we’ve covered 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. If you’re just joining us, that’s not a problem. We’re wrapping up our coverage of Military Saves Week today, including links to all the blog posts and resources.

What are you saving for?

 

At the beginning of Military Saves Week we heard from Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey and his senior enlisted advisor, Sgt. Maj. Bryan Battaglia about making a pledge and starting small.

Just because Military Saves Week is almost over doesn’t mean you can’t still sign the pledge and start a savings plan. In fact, Barbara Thompson[PDF], director of the Pentagon’s office of family policy, children and youth, reminds service members–and their families–that saving money should be a year-long practice.

We also shared tips on ways to trim your expenses and avoiding financial pitfalls so you can save for that dream home, vacation or retirement.

I think the highlight of our coverage on Military Saves Week, however, was the candid interview[MP3] Sgt. Maj. Battaglia, his wife, Lisa, and Ms. Thompson had with us on Tuesday.

“Call us old fashioned, but I still make Bryan lunch everyday,” Mrs. Battaglia said about ways their family trims their out-of-pocket expenses.

She went on to explain that Sgt. Maj. Battaglia taught himself to cut his own hair, saving the $7 or $8 going to a barber would cost.

And if that’s still not enough to convince you to start a savings plan, think about the difference just saving your pocket change can make.

For years before I met and married my husband, he would come home from work and dump the change from his pocket into a box on his dresser. Shortly after we started dating, we decided to get the change counted at one of those machines in the grocery store. It turned out to be enough money that we bought a PlayStation 3 with it. That was the best $300 saved and spent, because we didn’t have to account for it in our budget!

For more on Military Saves Week, visit our video playlist on YouTube or visit Military Saves on Facebook and Twitter.

By Nicole McFarland, Defense Media Activity

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