Military Saves Week: The Importance of an Emergency Fund for Military Personnel
Join our #CreditChat on
Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. This week, Experian supported Military Saves Week with a special #CreditChat about why it’s especially important for military servicemembers to establish an emergency fund.
This panel included: Business Development Officer at Brian Posten: Air Force Federal Credit Union; Alecia Blair: Military Saves Director and Social Media Specialist at Experian. Christina Roman:
We also featured financial tips all week on Snapchat.
Moments from our Tweet chat. Questions We Discussed:
Q1: What is an emergency fund?
Q2: Does an emergency fund look any different for a servicemember than it does for a civilian?
Q3: What kind of emergencies might a servicemember encounter where an emergency fund could really make a difference?
Q4: What are best practices for building an emergency fund while serving in the military?
Q5: How much should a servicemember aim to save in an emergency fund?
Q6: Where should they keep their emergency funds?
Q7: Are there any unique benefits for servicemembers that might help them boost their emergency funds?
Q8: What are some barriers that keep servicemembers from saving their money?
Q9: What are best practices for building an emergency fund while paying off debt?
Q10: What are some common mistakes people make when trying to build an emergency fund?
Q11: Any advice on best practices for building an emergency fund?
ilitary Saves Week Digital Toolkit
Take the Military Saves Week Pledge
earn about the Military Saves Certificate Brian mentioned in the video chat.
If you’ve never heard about #CreditChat, here is a brief overview:
VIDEO Relevant chats on YouTube: