A healthy financial future isn’t only about how much money you make, but how you manage it. Veteran Saves, which is part of the Consumer Federation of America’s America Saves program, wants to help increase financial stability, savings and economic resilience among Veterans. Launching April 24, Veteran Saves provides resources, tools and information to help you make informed decisions about managing your money.
Reduce financial stress
Those who use the resources found in Veteran Saves can pursue financial security by creating emergency savings, safe debt-to-income ratios and retirement accounts. Join the movement by taking the Veteran Saves pledge to save money, reduce debt and build wealth in the Veteran community.
By partnering with a variety of Veteran friendly organizations, the program provides you with access to easy-to-implement resources, strategies, tips and solutions that can help reduce financial stress, debt, homelessness, and/or help you open a bank account, if needed.
Better banking resources
If you don’t have a bank account, the Veterans Benefits Banking Program (VBBP)—a VA-sponsored program started with the nonprofit Association of Military Banks of America (AMBA)—can help connect you with participating banks or credit unions that understand Veterans’ financial needs. Creating an account will allow you to receive any VA benefit payments through direct deposit, a safer alternative to paper checks or prepaid cards. Find a participating bank or credit union today at the Veterans Benefits Banking website.
VBBP also provides a free consultation with a financial counselor through the Association for Financial Counseling and Planning Education® or a credit counselor from the National Foundation for Credit Counseling. These counselors work with Veterans to develop customized plans to meet their unique goals and needs.
Veterans are not required to participate in VBBP to access Veteran Saves. If you already have a bank account but are not using direct deposit, sign in or create a VA.gov account to change your direct deposit information.
Take a step toward securing your financial future and visit VeteranSaves.org today!
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