NBG observes Military Saves Week

Base Info
Let’s Talk Finances: Capt. Mike Ward, U.S. Naval Base Guam (NBG) commanding officer, speaks during the Military Saves Week proclamation signing at the base headquarters Feb. 8. The proclamation signing kicked off the campaign which runs Feb. 25 to March 1. U.S. Navy photo by Mass Communication Specialist 2nd Class Jeremy Starr/Released
Let’s Talk Finances: Capt. Mike Ward, U.S. Naval Base Guam (NBG) commanding officer, speaks during the Military Saves Week proclamation signing at the base headquarters Feb. 8. The proclamation signing kicked off the campaign which runs Feb. 25 to March 1. U.S. Navy photo by Mass Communication Specialist 2nd Class Jeremy Starr/Released

NBG observes Military Saves Week

by: Mass Communication Specialist 2nd Class (SW/AW) Jeremy Starr U.S. Naval Base Guam Public Affairs | .
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published: February 16, 2013

The campaign, which begins Feb. 25 and ends March 1, is a social marketing tool used to persuade, motivate and encourage military members and their families to save and invest money as well as convince senior leaders and organizations to be aggressive in promoting savings.

“We’re doing a proclamation signing to emphasize military savings and to emphasize to Sailors how important it is to pay yourself,” Ward said.

“Often times Sailors and families get into financial trouble and get into too much debt where they can’t manage their finances, and it puts them into situations that can retract from military readiness.”

Ward said the campaign is important as it focuses on financially preparing for the future and putting money aside for a rainy day so service members and their families can concentrate on their business at home and in the Navy.

NBG Fleet and Family Support Center (FFSC) Personal Financial Management Specialist Pilar Pangelinan passed out informational fliers, calendars and posters about financial classes, workshops and programs that will be offered to Sailors and their families in February and March.

“It is important because it gets everyone motivated to start saving for their future as well as emergencies and to learn of the new Thrift Savings Plan (TSP),” she said.

Pangelinan said TSP Roth is an excellent investment that rolled out last October and is offered service members in the event taxes continue to rise when they are ready to retire.

In support of Military Saves Week, Navy Marine Corps Relief Society, FFSC, Orote Commissary and the Navy Exchange (NEX) Guam will host outreach tables to service members and their families at the NEX Mondays and Wednesdays from 11 a.m. to 1 p.m. until the end of the campaign. Additionally, Bank of Guam and Navy Federal Credit Union will have outreach tables at their branches throughout the month.

For more information, or to get a list of upcoming financial workshops, visit FFSC at www.cnrsw.navy.mil/fsc/.

To learn more about NBG, visit www.cnic.navy.mil/guam.

For more news from U.S. Naval Forces, Marianas, visit www.navy.mil/local/guam.
 
 

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