NOTE: All Veterans and Military Personnel qualify for our Community Heroes program and will receive a .25% rate bonus on Share Certificates.
As part of Military Saves Month 2021, scheduled for April 1 – 30, 2021 Community Resource FCU is spreading the message of saving successfully and urging the military community to make savings automatic.
Here’s what we know: saving automatically is the easiest and most effective way to save. Whether saving for an emergency fund, education expenses, retirement, or all things in between, by making saving automatic through safe and appropriate banking products our community is in the best possible position to reach any savings goal.
And, yes, it’s all completely FREE. And, no, we’ll never try to sell you anything, EVER. So, join the movement that is motivating the military to save money, reduce debt, and build wealth. Your future self will thank you.
Text MILITARYSAVES to 877877
Military Saves is now offering Savers the ability to make a commitment to saving via SMS text. Not only is this a quick and simple way to take the Military Saves Pledge, it also takes the burden off of installation financial readiness personnel and other partners who previously collected paper pledge forms and had to enter them manually. #militarysavesmonth2021
Week 1 | Launch/Saving Automatically
April 1 – 3, 2021
Hashtags of the Week: #SaveAutomatically, #MSM2021
The easiest way to save? Automatically! It doesn’t matter how much or what you’re saving for, when you make the smart decision to have a portion of your income automatically deposited into a savings account, you have increased your chance for success. On this kickoff week–and during the entire month–the focus is on motivating service members, military families, and veterans to take action by saving automatically through split deposit.
Week 2 | Save for the Unexpected
April 4 – 10, 2021
Hashtags of the Week: #Save4TheUnexpected, #EmergencySavings, #MSM2021
The past year has taught us that we have to be as prepared as possible for the unexpected. While we all have future savings goals, having a rainy day fund to support emergency needs, like a car repair, dental bill, or even a last-minute flight home should be a top priority. This week, we’ll focus on motivating service members, military families, and veterans to prioritize building an emergency savings fund.
Week 3 | Save to Retire
April 11 – 17, 2020
Hashtags of the Week: #Save2Retire, #MSM2021
It’s never too soon to prepare for retirement. In fact, the earlier you start to prepare the easier it is to save. Because we know that very few service members, military families, and veterans have a plan for retirement savings that will actually cover their desired lifestyle, during this week we’ll focus on the importance of setting aside time to understand your retirement needs and making a plan to meet them.
Week 4 | Save by Reducing Debt
April 18 – 24, 2021
Hashtags of the Week: #ReduceDebt, #PayingDownDebtIsSaving, #MSM2021
It’s time that we recognize that by paying down their debt, service members, military families, and veterans ARE saving! Actively reducing your debt means you’re saving on interest, avoiding late fees, and maintaining or increasing your credit score. This week, we’ll focus on why paying down debt should be acknowledged and celebrated as a form of saving and a component of your financial plan. We’ll also share tips, tools, and resources that will aid your community members in successfully reducing their debt.
Week 5 | Save as a Family
April 25 – April 30
Hashtags of the Week: #SaveAsAFamily, #MSM2021
How much better would our military community be with money if we empowered not only our service members and veterans to save, but also our military spouses? What if we, as military families, had a plan and developed our strategy together? What if we were intentional about teaching good money and savings habits to our military kids from a young age? This week, we’ll focus on the tangible and intangible ways we can set ourselves up for success as military families, and positively influence and model for our children and teens when it comes to money, spending habits, and saving.
Thank you for participating in Military Saves Month 2021. For more information about military savings and resources available, visit militarysaves.org.
- FDIC Money Smart curriculum https://www.fdic.gov/consumers/consumer/moneysmart/index.html
- AMBA – Veterans Benefits Banking Program https://www.benefits.va.gov/benefits/banking.asp
- FINRA Foundation/Save and Invest – Free credit report (for active duty) when you take the pledge https://www.saveandinvest.org/
Save to Retire
- Department of Labor Saving Matters https://www.savingmatters.dol.gov/employees.htm,
- Department of Labor New Employee Savings Tips, https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/resource-center/publications/new-employee-savings-tips-time-is-on-your-side.pdf,
- Department of Labor Savings Fitness Worksheets https://www.askebsa.dol.gov/SavingsFitness/Worksheets
- Social Security Administration – Individuals can discover their current estimated Social Security earnings at the time of their planned retirement. www.socialsecurity.gov/myaccount
- FINRA retirement calculator https://tools.finra.org/retirement_calculator/
- Ballpark retirement estimator https://www.choosetosave.org/ballpark/indexd783.html?fa=interactive
- TSP – How Much Will My Savings Grow? https://www.tsp.gov/PlanningTools/Calculators/howSavingsGrow.html
- DFAS military compensation calculators https://militarypay.defense.gov/Calculators/
Save with a plan
- FINRA – creating a spending plan worksheet https://www.saveandinvest.org/sites/saveandinvest/files/Worksheet-Spending-Plan.pdf
- Save and Invest – Start a Spending Plan https://www.saveandinvest.org/military-everyday-finances/start-spending-plan
- Office of Financial Readiness update your spending plan https://www.youtube.com/watch?v=0QHQyH3W7RI
- National Endowment for Financial Education – Smart About Money – Develop a Spending Plan https://www.smartaboutmoney.org/Courses/Money-Basics/Spending-And-Saving/Develop-a-Spending-Plan
- DECA Defense Commissary Agency Savings Center https://www.commissaries.com/rewards-and-savings/savings-center
- Consumer Financial Protection Bureau monthly budget worksheet https://files.consumerfinance.gov/f/documents/cfpb_well-being_monthly-budget.pdf
- Consumer Financial Protection Bureau – Your Money, Your Goals toolkit https://www.consumerfinance.gov/practitioner-resources/your-money-your-goals/toolkit/
Save for the unexpected
- Office of Financial Readiness – Emergency Funds https://medium.com/@dodfinred/emergency-funds-the-first-step-to-financial-freedom-7c80e1bddd20
- FEMA https://www.ready.gov/plan
- Red Cross Financial Assistance https://www.redcross.org/military-financial-assistance.html
- AER (Army Emergency Relief) – https://www.armyemergencyrelief.org/
- Air Force Aid https://afas.org/
- NMCRS (Navy-Marine Corps Relief Society) https://www.nmcrs.org/
- Coast Guard Mutual Assistance https://www.cgmahq.org/
- Operation Homefront https://www.operationhomefront.org/
- Family Support Centers/Military OneSource https://www.militaryonesource.mil