Skip Navigation
Sun Oct 19, 2014
 
Army OneSource
Army OneSource
Army OneSource
Commander's Page Online Training
Volunteer Tools Army Family Covenant
My AOS Page Services Locator
Full Website
This site may not be optimized
for a mobile browsing experience.
OK
Please don't show me this again:

Saving for the future takes discipline and patience, no matter how humble or lofty one's goals. Having already faced the financial hardships of starting a family and establishing a home, leaders can share encouraging information to help soldiers understand that saving is a lifelong experience that is both rewarding and smart. Keep an open dialogue with soldiers about their financial situations and share these suggestions:

  • Always set money aside for savings and put it into an interest-earning account.
  • The longer it sits, the larger it will grow - even if it's only $25 a month.
  • Put loose change in a jar instead of spending it. A few coins a day can add up to
    $100 or more in six months.
  • Scrimp on everything for one month. Save what isn't spent.
  • Remember that "want" doesn't mean "need." Before buying, ask such questions as "How much will I want this item next week?" and "Will I have to buy something to replace it in the near future?"
  • Take advantage of such military benefits as the commissary, post exchange, thrift shop, tuition assistance, health care, recreation centers and movie theaters.
  • Use the Consumer Affairs and Financial Assistance Program. CAFAP counselors can help soldiers make wise choices and offer information about local businesses.
  • Use Consumer Reports. It provides ratings on products and consumer services, and announces product recalls. Consumer Reports is available in most libraries and can be accessed online at www.consumerreports.org.