"Military Saves" 2008

Monday February 25, 2008

What is it?

The Department of Defense has designated February 24 through March 2, 2008, as Military Saves Week. This is part of the DOD Financial Readiness campaign, and the purpose is to encourage Soldiers and their Families to establish positive fiscal management habits through savings and financial planning.

Financial security directly impacts Army readiness and reduces stress for Soldiers and their Families. The Army's Family and Morale, Welfare and Recreation Command, with the Office of the Chief of Public Affairs, is coordinating the Army's response to Under Secretary of Defense David Chu's message urging all departments to participate in Military Saves Week.

What has the Army done?

DOD has teamed up with the Consumer Federation of America (CFA) to provide tools, resources and financial counseling to service members through the website www.militarysaves.org. FMWRC is also supporting the effort through a month-long media campaign encouraging Soldiers and their Families to participate, and special events through the Better Opportunity for Single Soldiers network to encourage single Soldiers to be more fiscally responsible.

Commanders and Senior Enlisted leadership are encouraged to place an emphasis on the Military Saves campaign before and during Military Saves Week. Commanders are urged to appoint a Military Saves representative at the installation or command to engage the local Public Affairs Office and on-post credit unions and banks to make savings training and programs available to Soldiers during Military Saves Week. ARNEWS stories, written to engage Soldiers and their Families, will be posted three weeks in advance and during the campaign.

Senior Enlisted leadership is encouraged to disseminate information about Military Saves Week and emphasize the importance of financial responsibility to their Soldiers.

Why is this important to the Army?

Positive outcomes for local commands include: increased participation in financial counseling and education, decreased incidents involving predatory lenders, Army Emergency Relief and Army Community Services, and fewer disciplinary problems associated with personal finances.

Saving money is within the capability of every Soldier, and doing so protects them and their Families in peacetime and during times of conflict. Programs like the Thrift Savings Plan and Savings Deposit Program make it easy for Soldiers to save, once they know where to go for help and how important it is to them and their Families.

For more information: Military Saves


- 2007 Strategic Communication Guide - Read the 2007 Army Strategic Communication Guide for key messages and updates

- Strategic Communication Coordination Group (SCCG) Workspace

- Army Public Affairs Portal

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We won't always have access ... we might have to stay a while ... so sharpen your expeditionary and campaign doctrinal knowledge ... read FM 3-0. Coming Feb. 28.

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