By Amaani Lyle
American Forces Press Service
WASHINGTON, Feb. 24, 2014 – Now in its eight year of
partnership with America Saves Week, the Defense Department’s Military Saves
Week begins today to help service members achieve financial security,
flexibility and confidence, a Pentagon official said in a telephone news
conference here today.
The partnership initiatives continue to gain ground, with
nearly 159,000 military members and their families taking the Military Saves
pledge since 2007, said Barbara Thompson, director of the Defense Department’s
office of family policy and children and youth.
“Military Saves Week is our chance to focus on healthy
financial practices that we know are important every day of the year,” Thompson
said.
DOD has a range of tools and services -- including personal
financial counselors -- to help service members and their families set a goal,
make a plan and save automatically, Thompson noted.
“The complexity of today’s financial environment combined
with the reality of military life, including frequent moves and deployments
present special financial challenges for service members and their families,”
she said. “Their personal financial readiness is vital to our national
security.”
Lenders, banks and educational institutions are among the
dozens of participants who will promote good financial habits and strategies
with tools for military members and their families to track their savings
successes.
“It allows a mission focus free of worry about things at
home,” she said. “In the Department of Defense, financial readiness is mission
readiness.”
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