News: Military Saves campaign kicks off
Story by Sgt. Eric Glassey
FORT CARSON, Colo. - More than 100 command financial noncommissioned officers from across Fort Carson gathered at The Hub to give their oath, administered by Maj. Gen. Joseph Anderson, commander, 4th Infantry Division and Fort Carson, during the Military Saves Kick-off, Feb. 8.
The Military Saves Kick-off served to inform CFNCOs and soldiers of the upcoming Military Saves Week, Feb. 25 to March 2. During the Military Saves Week, CFNCOs will address their units regarding the importance of saving, and they will set up an information table about the Military Saves Campaign.
“We are promoting savings,” Mary Braxton, financial readiness program manager, Army Community Service, said. “This week brings the importance of savings and building wealth. However, it is important to save all throughout the year.”
Anderson and Col. David Grosso, garrison commander, Fort Carson, each spoke to the soldiers and their family members stressing the importance of savings and shared stories of soldiers saving money.
“I think the garrison commander’s participation was above anything we could have expected,” said Dallas Shrawder, debt management specialist, Army Community Service. “The garrison commander shared some phenomenal information about his life, and how he wished he started saving earlier. And the commanding general put out some wonderful guidance to the soldiers on what they needed to do.”
Participation in Military Saves week Fort Carson has increased.
“Each year there is an increase of participants,” Shrawder said. “It was a little bigger than last year. We had support from our leadership. With that support, it enhanced why savings is important.”
Braxton stressed the importance the simple act of saving money, and not the mere quantity.
“It’s never too late to start saving, but the sooner you start the more you have to increase your savings,” Braxton said. “The important part is not how much, but getting into the habit of saving. It has to be a habit of savings. Over a period of time it can turn into a lot.”
Local financial institutions gave presentations to inform soldiers on the importance of saving and financial planning, financial education opportunities, and the incentives these institutions are offering to soldiers who save money.
“Security Service and Armed Forces Bank are offering various incentives to soldiers and families who consistently save for a year,” Braxton said.
Soldiers interested in participating in the Military Saves Campaign will be administered the Military Saves Oath by their CFNCO. In addition to the Military Saves week, soldiers can contact the Army Community Service at 526-8747 to set up a confidential financial assessment.