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: Brian Posten: Business Development Officer at Air Force Federal Credit Union; Alecia Blair: Military Saves Director and Christina Roman: Social Media Specialist at Experian.
We also featured financial tips all week on Snapchat.
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?
Resources:
– Military Saves Week Digital Toolkit
– Take the Military Saves Week Pledge
– Learn about the Military Saves Certificate Brian mentioned in the video chat.
