myPay, the online pay account management system for all U.S. military personnel, military retirees, and many federal civilian employees, has gone mobile. Now myPay users can check pay statements on the go using a smart phone or other mobile device that has a web browser.
The Great Recession has witnessed high levels of unemployment. According to the Bureau of Labor Statistics, in 2010, there were nearly 15,000,000 who were unemployed representing an unemployment rate of 9.6 percent.
Saving money and attending college are two activities that are typically NOT thought of together. In fact, many college students might tell you that they don't have enough money to buy a pizza on a Friday night, let alone to add to a savings account. But what if we rethink the traditional notion of "savings" to make it a goal that is a bit more realistic for this cash-strapped chapter of life?
Consider this: If you purchase a used text book online using tools DealOz or TextbookLand instead of buying a brand new book at the campus bookstore, what is likely to happen? You got it...savings. Sure, these dollars won't necessarily end up in a savings account. In fact, you will probably spend that money before the week is out securing a new bus pass for the term or getting an oil change for your car. But think about it this way: for every dollar you save, that is one less dollar you need to borrow in student loan money - thus minimizing your debt burden and freeing up future dollars for your savings account as a young professional. Sure beats throwing money at interest payments!
The eight largest national bank mortgage servicers have been ordered to review all of their foreclosures within the last two years.
This information is to provide you- the soldier, airman, veteran, retiree, family member or supporter of our armed forces financial readiness information. It does not replace the advice of your chain of command, your legal counsel or financial consultant. It does however, supplement, issues the National Guard Bureau finds important.
Be a Military Saver
"I've got plenty of savings, and I never worry about money."
Help our military families and our nation say that and mean it. Join the Military Saves campaign today, and invite your entire organization to become a saving community. Visit www.militarysaves.org.
If you’re part of a military organization, ask your commander to commit to the campaign. It’s part of the DoD Financial Readiness Campaign, and is an official program authorized by the Undersecretary of Defense for Personnel and Readiness. Army, Navy, Air Force, Marine Corp, National Guard, and Coast Guard are all partners in the campaign. It’s as simple as promoting saving – for emergencies, for purchases, for debt reduction, for home ownership, for education, for retirement – to the men and women in your organization, and to their families. Your defense credit union and military bank will help you by offering incentives and support for special events, and your Family Programs office can provide classes, workshop, counseling, and other financial literacy services that your people will want once they commit to building wealth.
If you’re a corporate representative or contractor, support the campaign within the military organizations you’re connected to, and bring the campaign to your company. Military Saves is part of the America Saves campaign, and we are committed to helping all organizations encourage saving among their employees, members and customers. Your human resources, marketing, and other executive staff will be interested in the simple system we suggest for campaign participation, and in the customizable resources available for your campaign partnership.
Go to www.militarysaves.org. today, and click on the “Resources” tab. If you have questions or want individual consultation, call or email us. Welcome to the campaign for a financially free America!
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Disclaimer: Reference and mentioning herein to any specific business, private organization, manufacturer, appearance of external links on this site, or otherwise, does not constitute or imply its official endorsement, recommendation, or favoring by the United States Government, Department of Defense, United States Army or United States Army Family and MWR Command. The views and opinions of expressed herein do not necessarily state or reflect those of the United States Government, United States Army, Department of Defense or United States Army Family and MWR Command, and shall not be used for endorsement purposes.