2012 Military Saves Week Campaign Kicks Off

Story Number: NNS120220-09Release Date: 2/20/2012 7:28:00 PM
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By Mass Communication Specialist 3rd Class (SW) Mikelle D. Smith, Defense Media Activity-Navy

WASHINGTON (NNS) -- Fleet and Family Support Centers (FFSC) on military installations worldwide will be participating in the 2012 Military Saves Week Campaign, Feb. 19-26.

The campaign's purpose is to develop a military command climate that supports sensible financial behavior by focusing on financial literacy education, by supporting available savings products, and by encouraging servicemembers and their families to take action.

"We employ a variety of resources, as well as partnerships throughout military installations, to conduct monetary affairs including classes and individual counseling to make individuals aware of their financial situation," said Fred Davis, Personal Financial Management Program Analyst, Commander Naval Installation Command (CNIC). "We are exceptionally proud in last year's achievements, and we hope to repeat, and possibly do better, during the 2012 campaign."

Military Saves financial fairs reached more than 60,000 individuals across all the military services during 2011. Seminars and classes reached nearly 40,000 people.

"One of the best things that Sailors can do to make sure they are financially successful is to take the classes that are offered during the week and throughout the year to learn how to go through their credit reports, how to invest in stocks and bonds, and how to determine their overall status," said Davis. "Also, financial counselors are always available to help guide those who may feel like they want a one-on-one experience. Our counselors are trained professionals, so I want Sailors to know that everything disclosed to one of them will remain completely confidential. "

This year's goals for servicemembers and their families include increased household savings for short and long-term needs, and decreased consumer debt.

"With the current downsizing of the military, we want to make sure all Sailors understand the importance of always being prepared and always having a backup plan; the financial component of that plan is very important," said Davis. "Ultimately, everybody has the opportunity to better their financial situation. Having been a counselor for many years and prior military, I've heard many stories. And we are here to support the needs of the servicemembers and their families."

"We want the best possible outcome to happen to each individual that comes into our offices," he continued. "All of our services are no-cost and we just want everyone to move forward in a positive fashion to secure their financial future."

For event information about the 2012 Military Saves Week Campaign visit http://www.militarysaves.org., FFCSs local installation offices and www.navy.mil.

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