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Published byFlorence Bond Modified over 9 years ago
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Who We Are What We Do What We’ve Done What you Need to Know 2013 Military Saves Week Theme How to Make the Campaign Successful and Desired Outcomes
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A national social marketing campaign Promoting change in personal financial behavior Developing institutional partnerships to encourage savings Military Saves is a part of the nonprofit Consumer Federation of America (CFA) CFA is a National Partner with the DoD Financial Readiness Campaign Each year a Memo from the Office of the Secretary of Defense is issued supporting Military Saves Week Funded largely by FINRA Investor Education Foundation Focus on goals for service members and families Adequate personal savings Manageable or no consumer debts Financial action plan
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Create an information environment promoting a clear direction of call to action Provide the opportunity for a personal commitment to action Foster the availability of tools to translate commitment into action Observe evidence of action
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*Full report available online www.militarysaves.org/images/stories/pdf/militarysavesweek_2012report_web.pdf www.militarysaves.org/images/stories/pdf/militarysavesweek_2012report_web.pdf
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Participation by all Services Over 130,000 have taken the “Military Savers Pledge” Annual Military Saves Week (coordinated events at installations worldwide) Partnerships with military banks, community banks & credit unions Monitoring growth in TSP participation around Military Saves Week
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Military Saves Week 2013 is 25 Feb – 2 Mar Our web site is www.militarysaves.orgwww.militarysaves.org Provides resource kits for organizations participating in Military Saves Week Credit History & the Importance of Saving Youth Savings/Saving for College Saving for a Large Purchase Paying Off High-Interest Debt Saving for an Emergency Fund Retirement/TSP Basics of Saving Year-long campaign effort supported by themed packets of information to sustain saving message
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The campaign theme is Start Small, Think Big. The Military Saves Week theme is Set a Goal. Make a Plan. Save Automatically. Research has shown that individuals with a savings plan are far more likely to save successfully 86% of individuals reported progress with a savings plan 43% of individuals reported progress without a savings plan
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Behavior Change and Action Set a Goal. Make a Plan. Save Automatically. Access- On-Base Banks and Credit Unions Work with Banking/Credit Union Liaison Officers Different types of Savings Emergency (rainy day/unexpected expenses) 3-6 months living expenses (transition resilience) Medium-Long Term (the wants of life) Thrift Savings Plan (TSP) - Retirement
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Why Take the Pledge An organized effort to enroll as many people as possible in Military Saves A commitment to exercise good financial habits and encourage other Americans to do the same Savers who enroll online receive E-Newsletters with military- specific information How to Take the Pledge QR Codes Online/Computer Stations Pledge Cards
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10% or more of military personnel, family members, DoD civilians, and defense contractor employees worldwide enrolled as Military Savers Receive electronic newsletters for financial readiness and savings tips Encourage them to get involved in encouraging others to: Start Small. Think Big. Campaign Coordinators at every U.S. military installation CONUS and OCONUS Unit representatives; CFC Model Suggested ratio for unit reps to personnel is 1: 50 to facilitate one–on-one contact
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