By Hector Rojas, Spring 2017 Student Intern
A-tten-tion! At ease soldiers, it is Military Saves Week and the Investor Advocacy Clinic wants to remind our servicemembers about the purpose of this campaign and what it stands for. Over the next five days I will be outlining the basics of Military Saves week. In part one (below), I will be talking about the campaign generally. In part two, I will talk about the Military Saves Pledge. I will follow that up in part three by talking about specific savings goals and how setting goals can help you with your savings. In part four, I will mention how the campaign encourages our service members to save. And finally, in part five, I will discuss some frequently asked questions our service members have regarding the campaign. I hope you enjoy this five part series and that it encourages you to save!
What is Military Saves Week?
Military Saves Week is Monday, February 27 to Saturday, March 4, 2017. 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 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.
Military Saves encourages all service members, their families, and civilian employees to take the Military Saves Pledge and for organizations to promote savings year-round and during Military Saves Week. By working with FINRA Investor Education Foundation, the defense credit unions, military banks and other non-profit organizations to promote savings and debt reduction, savers who take the pledge can opt to receive a monthly e-newsletter from Military Saves, as well as a quarterly e-newsletter from America Saves.
Next time on this five part series outlining Military Saves Week, we will talk about the Military Saves pledge and its purpose. Stay tuned.
To view the Military Saves Fact Sheet, click here.
To see the Department of Defense Military Saves Memorandum of understanding, click here.