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 NNNN