Military Saves Week is February 20th thru Saturday February 25th, 2017 and the theme for 2017 has yet to be announced. The Military Saves campaign encourages military families to save money every month. The purpose is to assist service men and women and their immediate family members in their efforts to build personal wealth through reducing debt and establishing savings goals. Building wealth affords service members and their families an opportunity to achieve goals such as maintaining an emergency cash reserve, buying a house, or paying for college. Engaging military spouses is also critical as they play a vital role in maintaining financial discipline and stability within their families.
About Military Saves Week
Military Saves Week is a national campaign which coincides with America Saves Week and the purpose is to persuade, motivate, and encourage military families to save money every month, and to convince leaders and organizations to be aggressive in promoting automatic savings. The Military Saves Campaign is a year long effort and Military Saves Week provides the opportunity for the military community to come together and focus on financial readiness.
Who is Military Saves
Military Saves is a part of America Saves, the larger nation-wide campaign for all Americans. Military Saves has partnered with the Department of Defense’s Financial Readiness Campaign and has been a partner with the DoD since 2003.
Military Saves Pledge
Military Saves encourages all service members, their families, and civilian employees to “Take the Military Saves Pledge.” The military saves pledge is a commitment to help yourself and your family to save money, reduce debt and build wealth over time. Service members who take the pledge can also receive a monthly e-newsletter and a quarterly e-newsletter from America Saves.
Military Saves Encourages the Following
- Saving a portion of each paycheck
- Developing a personal financial plan
- Establishing good credit
- Enrolling in programs such as
- Thrift Savings Plan
- Savings Deposit Program (when eligible)
- Service members Group Life Insurance
Financial Planning Resources during Military Saves Week
Installations everywhere will be hosting events, fairs, seminars, classes and even one on one counseling during Military Saves Week. These events will include representatives from financial institutions, military credit unions and organizations that aid in financial planning. Check with your local installation for planned events. The Military Saves campaign is also a year long effort and many of these resources available year round as well.
See this public service announcement about Military Saves Week and service members being responsible with their finances from the Army.