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Everyone has different goals for improving their personal finances, but most of it boils down to one basic idea: providing a comfortable life and financial security for themselves and their families.
If you’ve ever wondered how to save for emergencies, pay off debt, or save for larger life events such as retirement, college, or a home purchase, Veteran Saves (formerly Military Saves) might be the motivating factor you need to take small actions to improve your financial health.
What Is Veteran Saves?
Veteran Saves, a component of America Saves, and a participant in the U.S. Department of War's Financial Readiness Network seeks to motivate, support, and encourage the entire military community to save money, reduce debt, and build wealth.
Angela Caban, Director of Veteran Saves, says the campaign was created “to motivate and encourage the military community to assess their savings and spending behaviors, as well as motivate them to save the easy way, automatically. We communicate this using various digital platforms year-round.”
Resources include a quiz to find out your “Military Money Personality Type”, steps you can take to connect with a financial counselor or coach, and more.
Military Spouses: A Vital Piece of the Financial Planning Puzzle
Armed Forces Mutual believes that it’s critical to engage Military Spouses in financial planning.
Caban adds, “We know that in many households the Military Spouse is in charge of the household finances. Engaging Military Spouses is vital because being financially secure goes beyond paying the monthly bills. What is the spouse doing for their own savings or retirement? They should not count solely on the servicemember, and the Military Spouse could be facing their own unique challenges, whether they are unemployed or underemployed. It is important for us as a program to provide those resources, encouragement and motivation to the Military Spouse for themselves as well as the family unit.”
The Woman Behind It All
Angela Caban joined the Consumer Federation of America in February 2019 as the Director of Veteran Saves. A Military Spouse herself, Caban is particularly moved by her work and mission of the Veteran Saves program, to motivate and support the entire military community on their path to achieve better financial stability.
When asked about her personal connection to Military Saves and its mission, Caban said “My work at Military Saves is extremely personal. We struggled financially for many years and it took many hard lessons and almost losing our home to realize that we needed to make some drastic changes to our spending habits. Utilizing programs such as Veteran Saves helped us to get back on track, without feeling like it was too late or not enough. Savings is a journey, not a destination.”
Armed Forces Mutual is proud to participate and hopes that our Members find value as we feature topics such as how to save money, reduce debt, and build wealth.
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