and civilian personnel in the Fort McCoy community are encouraged to
use the Military Saves Week from Feb. 22-March 1 to help get their
financial affairs in order.
Saves is a social marketing campaign specifically targeted at military
families to persuade, motivate and encourage them to save and stretch
their money every month.
David S.C. Chu, undersecretary of defense for personnel and readiness,
noted in a posting on the Military Saves Web site that the financial
readiness of Soldiers and their families equates to mission readiness.
Web site http://www.militarysaves.org
offers many good strategies to get out of debt and save money for the
future, Chu said. It features a pledge form to save money and a
monthly newsletter with advice about how to save money and reduce
regularly can eliminate the need for high-cost, short-term loans and
ensure long-term financial security, particularly through such
military savings programs as the Thrift Savings Plan (TSP) and the
Savings Deposit Program," Chu said. The TSP is open to both
authorized military and civilian personnel.
"Saving regularly can eliminate the need for high-cost,
short-term loans and ensure long-term financial security
David S.C. Chu,
Undersecretary of Defense for
Personnel and Readiness
the Savings Deposit Program, military members deployed in combat
zones, qualified hazardous-duty areas, or certain contingency
operations may deposit all or part of their unallotted pay into a
Department of Defense savings account up to $10,000 during a single
Military Saves Web site encourages personnel to become financially
stable through saving, debt reduction and wealth-building over time.
reduction, for example, can be accomplished by spending less money
through budgeting and paying off loans or debt with high interest
rates in a timely manner, such as credit cards.
Clarkin, Fort McCoy Army Community Service (ACS) Financial Readiness
program manager, said he has access to a number of financial tools and
information that he can share to help personnel in the Fort McCoy
of the topics he can cover are: savings, investments, insurance, debt
management, credit reports, consumer rights and consumer advocacy.
can make a one-on-one appointment with me to talk about their
financial situations," Clarkin said "I will help them in any
way I can to design financial programs that are compatible with their
information about financial resources in the Fort McCoy community is
available at http://www.mccoymwr.com
by clicking on ACS or ACS Schoolhouse.
more information in the Fort McCoy community, interested personnel
also can visit ACS, 2111 S. 8th Ave., or call 608-388-6812/3505.
Note: Some information in this story is from the Military Saves Web