Va. Guard Family Programs supports Military Saves Week

MilitarySavesLogo2

SANDSTON, Va. — The Virginia National Guard Family Programs Office will support Military Saves Week with information stations Tuesday, Feb. 26, 2013, from 8 a.m. to 3 p.m. in Building 316 at Fort Pickett and Wednesday, Feb. 27, 2013, from 8 a.m. to 5:30 p.m. at Mullins Armory in Sandston. The stations are open to all military personnel and their family members, and visitors can receive a free credit score report once they take the Military Saves Pledge.

Military Saves Week 2013 runs from Feb. 25 to March 2, 2013, which coincides with America Saves Week. Military Saves is a part of America Saves, the larger nationwide campaign for all Americans and encourages all servicemembers, their families, and civilian employees to take the Military Saves pledge at http://www.militarysaves.org/take-the-pledge.

The 2013 Theme is “Set a goal. Make a Plan. Save Automatically.”

As partners in Military Saves, the FINRA Investor Education Foundation and SaveAndInvest.org are continuing to make the myFICO credit score and analysis tool available to Service members and their spouses FREE of charge once they take the Military Saves pledge. This easy-to-use online tool shows you how the information on your credit report is helping or hurting your credit score, and the steps you can take to improve it.

The Military Saves information display will include a laptop to enable Guard personnel to go online to take the Military Saves Pledge. After taking the pledge, visitors would then have the opportunity to get their free myFICO credit score and be able to discuss what the score and corresponding credit report means or make an appointment with the Bethy Vallejo, the fersonal financial consultant to follow-up.

For more information, please contact Bethy Vallejo, MFLC Personal Financial Counselor with the Joint Family Support Assistance Program by phone at (804) 236-7867 (office) or (804) 316-3348 (mobile) or by email at bvallejo@mflc.zeiders.com.

Senior Virginia National Guard noncommissioned officers show their support for the Military Saves Pledge Feb. 27, 2013, in Sandston. (Photo by Cotton Puryear, Virginia National Guard Public Affairs)

Senior Virginia National Guard noncommissioned officers show their support for the Military Saves Pledge Feb. 27, 2013, in Sandston. (Photo by Cotton Puryear, Virginia National Guard Public Affairs)

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Additional information below

STAND TO: Military Saves Week

http://www.army.mil/standto/archive_2013-02-25/?s_cid=standto

What is it?

Military Saves is conducted in cooperation with the Consumer Federation of America, one of the Department of Defense’s official financial readiness non-profit partners.

Military Saves Week from Feb. 25 to March 2, is an opportunity for our military community to come together with federal, state and local resources, including military banks and credit unions, to focus on the financial readiness of Soldiers and their families and to help them reduce debt and save for the future. The theme for Military Saves 2013 is “Set a Goal, Make a Plan, Save Automatically.”

What has the Army done?

The Army senior leaders signed a Memorandum of Support that asks commanders to commit to a goal of financial growth amongst our Army families. The America Saves slogan, “Start Small, Think Big,” is shared by Military Saves and talks to the long-term benefits of saving each month.

Commanders are encouraged to show their support by signing a “Command Proclamation in support of Military Saves Week” and to endorse local events organized by approved resources such as: the Army Community Service (ACS) Financial Readiness Program (FRP), unit command financial specialists, installation public affairs offices, local financial institutions and other approved financial organizations. Soldiers can review Military Saves, take the pledge to save and attend training in the military community.

What continued efforts does the Army have planned for the future?

While Military Saves is an ongoing campaign, the Army, and our sister services formally support the campaign during Military Saves Week, the last full week in February. The Army’s ACS FRP focuses on the financial readiness of Soldiers and their family members to help them reduce debt and save for the future.

The Army OneSource website provides interactive opportunities to learn sound financial practices using gaming scenarios.

Why is this important to the Army?

The financial readiness of Soldiers and their families is a priority for the Army because it has a direct impact on mission readiness. When Soldiers feel confident that their financial affairs are secure, they can focus on their mission without worrying about things at home. A strong financial readiness program enables Soldiers and their families to attain financial flexibility, avoid the personal and professional stressors of poor money management and protect themselves against predatory and unscrupulous lenders.

Resources:

• Military Saves

http://www.militarysaves.org/

• America Saves

http://www.americasaves.org/

• Army Community Service Financial Readiness Program

http://www.myarmyonesource.com/FamilyProgramsandServices/FinancialReadiness/Default.aspx

• Military OneSource: 1- 800-342-9647

http://www.militaryonesource.mil/

Related articles:

• Army OneSource introduces Money Matters Mobile!

http://www.myarmyonesource.com/syn/article/id/856a9ef5ab85e210VgnVCM100000e61e0a0aRCRD

• Military Saves Week encourages Soldiers, families to budget

http://www.army.mil/article/96614/

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