MILITARY SAVES WEEK, 24 FEBRUARY-2 MARCH 2008:
UNCLASSIFIED//
R 300050Z JAN 08
FM CNO WASHINGTON DC
TO NAVADMIN
UNCLAS //N05720//
NAVADMIN 024/08
MSGID/GENADMIN/CNO WASHINGTON DC/DNS/JAN//
SUBJ/MILITARY SAVES WEEK, 24 FEBRUARY-2 MARCH 2008//
POC/MS. KELLY DEMPSEY/CIV/CNI/LOC:WASHINGTON DC/TEL:(202) 433-
4639/TEL:DSN: 288-4639/EMAIL:KELLY.DEMPSEY.CTR@NAVY.MIL//
RMKS/1. MILITARY SAVES WEEK, ESTABLISHED AS AN INTEGRAL PART OF THE
DEPARTMENT OF DEFENSE (DOD) PERSONAL FINANCIAL READINESS CAMPAIGN,
PROVIDES AN OPPORTUNITY FOR COMMANDERS TO ENCOURAGE SAILORS AND FAMILY
MEMBERS TO ESTABLISH PERSONAL SAVINGS GOALS AND HABITS TO IMPROVE
PERSONAL FINANCIAL FITNESS. THIS SOCIAL MARKETING CAMPAIGN IS DESIGNED
TO CHANGE BEHAVIOR, BY EDUCATING OUR PERSONNEL ON HOW TO BUILD WEALTH,
NOT DEBT.
2. THE WEEK OF 24 FEB - 2 MAR 2008 HAS BEEN SET ASIDE TO ENCOURAGE,
MOTIVATE, AND EDUCATE SAILORS AND THEIR FAMILIES TO INCREASE PERSONAL
SAVINGS, DECREASE DEBT, AND DEVELOP FINANCIAL FITNESS HABITS THAT LEAD
TO IMPROVED FINANCIAL STABILITY AND OVERALL UNIT MISSION READINESS.
3. THE MILITARY SAVES CAMPAIGN, DEVELOPED THROUGH A COOPERATIVE
AGREEMENT BETWEEN DOD AND THE CONSUMER FEDERATION OF AMERICA (CFA),
ENCOURAGES LEADERSHIP TO PROMOTE WEALTH BUILDING MESSAGES AND CONDUCT
UNIT LEVEL CAMPAIGNS AND EVENTS FOR MILITARY MEMBERS TO SET SAVINGS
GOALS, OPEN SAVINGS ACCOUNTS, MAKE REGULAR CONTRIBUTIONS TO HOUSEHOLD
SAVINGS, INCREASE DEBT PAYMENTS, AND PARTICIPATE IN FINANCIAL EDUCATION
PROGRAMS.
4. THE MILITARY SAVES CAMPAIGN IS A COMMAND INITIATIVE, IN WHICH
LEADERSHIP CAN WORK TO CREATE A CULTURE THAT ENCOURAGES SAVINGS AND
FINANCIAL READINESS. THE COMMAND FINANCIAL SPECIALIST (CFS) SHOULD BE
INVOLVED, ALONG WITH OTHER KEY COMMAND LEADERS, IN COORDINATING FUN
EVENTS, WORKSHOPS AND OTHER CREATIVE ACTIVITIES DESIGNED TO ENCOURAGE
INCREASED PERSONAL SAVING BEHAVIOR.
5. COMMANDS SHOULD FULLY UTILIZE LOCAL RESOURCES (PUBLIC AFFAIRS, FLEET
AND FAMILY SUPPORT CENTERS, INSTALLATION BANKS AND CREDIT UNIONS, CHILD
AND YOUTH PROGRAMS, SENIOR ENLISTED ADVISORS, SPOUSE CLUBS AND
ORGANIZATIONS, AND THE NAVY AND MARINE CORPS RELIEF SOCIETY) IN EVENT
PLANNING. TO ASSIST IN MAKING MILITARY SAVES WEEK A SUCCESS AT YOUR
COMMAND, RESOURCE INFORMATION AND TOOL KITS ARE AVAILABLE FOR DOWNLOAD
AT HTTP://WWW.MILITARYSAVES.ORG.
6. FOR MILITARY SAVES WEEK 2008, A SPECIAL EMPHASIS SHOULD BE PLACED ON
OUR MILITARY CHILDREN AND YOUTH. AS SUCH, INSTALLATIONS ACROSS THE
NATION ARE ENCOURAGED TO PARTICIPATE IN THE CONCURRENT MILITARY YOUTH
SAVES WEEK BY PARTNERING WITH CHILD AND YOUTH PROGRAMS, SCHOOLS AND
FLEET AND FAMILY SUPPORT CENTERS REGARDING FUN EVENTS AND EDUCATIONAL
FORUMS. IN ADDITION, INSTALLATION BANKS AND CREDIT UNIONS WILL OFFER
SPECIAL INCENTIVES FOR OPENING AND/OR CONTRIBUTING TO A SAVINGS ACCOUNT.
7. FINANCIAL READINESS STARTS WITH MAKING A COMMITMENT, SETTING A
FINANCIAL GOAL AND WORKING TOWARD ACHIEVING THAT GOAL. SAILORS AND
FAMILY MEMBERS CAN BECOME MILITARY SAVERS BY MAKING A PERSONAL
COMMITMENT, DEVELOPING A SAVINGS PLAN, AND UTILIZING FINANCIAL
EDUCATION SERVICES AVAILABLE THROUGH FLEET AND FAMILY SUPPORT CENTERS.
COMMANDS ARE ENCOURAGED TO PROMOTE MAXIMUM UTILIZATION OF MILITARY
SAVES EVENTS.
8. RELEASED BY VADM J. STUFFLEBEEM, DIRECTOR, NAVY STAFF.//
BT
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