Military Saves Week to begin Feb. 24
KADENA AIR BASE, Japan -- Service members, Department of Defense civilians and their families are encouraged to pledge to put away paychecks during the annual Military Saves Week, which is slated to kick off Feb. 24 and run through March 1.
First established in 2007, the week is designed to promote healthy spending, financial planning and goal setting throughout the U.S. armed forces.
"Military Saves Week is an initiative that is supported by the Office of the Secretary of Defense. It's an annual campaign that encourages active duty members and their families to make a pledge and save on a monthly basis throughout the year to reduce debt and build wealth," said Charles Howard, 18th Force Support Squadron personal finance manager for the Airman and Family Readiness Center. "The main purpose is to set a goal, make a plan and then save automatically."
As part of the nationwide initiative in conjunction with America Saves Week, military families are asked to visit the MSW website, http://www.militarysaves.org/, or at the Kadena Exchange and take the pledge to help themselves "by saving money, reducing debt, and building wealth over time."
In order to help promote financial readiness, Howard said the 18th Force Support Squadron will be hosting lunch-and-learn and after-hour financial management classes each day at the Schilling Community Center, with an "Ask the Expert" session Feb. 27 from 11 a.m. to 1 p.m.
"The classes will cover numerous topics such as the Thrift Savings Plan, retirement planning, credit and debt management, saving and investing, Dream Big Plan Now, giving service members and their families additional financial education to improve their financial readiness," Howard said.
In addition to the normal staff during the week, the AFRC is slated to also host two supplementary personal finance counselors and certified financial planners from the U.S.