Military Saves Week: Taking the Pledge

By Hector Rojas, Spring 2017 Student Intern

In part one of this series, we talked about the Military Saves Campaign generally and how it encourages military families to save money every month. In part two of this series, I will talk about the Military Saves Pledge and how taking the pledge motivates our service members and their families to save.

Military Saves Pledge

According to Military Benefits, a non-government, privately sponsored website, 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.

The Military Saves Pledge goes as follows: “I will help myself by saving money, reducing debt, and building wealth over time. I will help my family and my country by encouraging other Americans to Build Wealth, Not Debt.”

Here are three reasons why you should take the pledge and why it is worth your time.

  1. The Military Save Pledge is a promise to yourself to “save money, reduce debt and build wealth” over time. 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.
  1. Military Saves will support you and your savings goals. By taking the pledge, you’ll find a vast array of military-related financial resources—blogs, tools and tips on the Military Saves website—with just the click of a mouse. You can even opt to receive the quarterly America Saves Newsletter and the monthly Military Saves Newsletter.
  1. You get a copy of your credit score for free. If you are an active service member or spouse taking the Military Saves Pledge, you also have the option of receiving your FREE myFICO® credit score.

If you are still unsure whether or not to take the pledge, consider taking it to simply invest in yourself and your family’s future. Financial preparedness is built when you “Set a goal. Make a Plan. Save Automatically.”

Next time…

 In part three of this five part series, we will talk about the specific goals you can choose to save towards. Stay tuned.

Additional Resources

To take the pledge, click here.

To view additional reasons why you should take the pledge, click here and here.