DOD pledges to build wealth, not debt

| February 22, 2013 | 0 Comments

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Sarah Pacheco
Staff Writer

We’ve all heard the saying, “A penny saved is a penny earned,” but what exactly was Ben Franklin talking about when he uttered those famous words?

The Department of Defense may have your answer.

Its annual “Military Saves” campaign is gearing up to start its 11th year of encouraging all service members, their families and civilian employees to save their pennies for a rainy day.

Military Saves Week kicks things off, Feb. 25-March 2, during which time local commissaries, including the Schofield Barracks commissary, here, will be providing information on personal financial awareness and ways to prepare nutritious meals for less.

The Schofield commissary also will be holding a “Fill Your Freezer” sale, 9 a.m.-5 p.m., March 1-3, in the commissary parking lot, where frozen foods will be on sale for a low, affordable price.

Military Saves is part of the DOD’s Financial Readiness Campaign, as well as “America Saves,” the larger, nationwide campaign for all Americans.

A social marketing campaign, Military Saves works with defense credit unions, military banks and other nonprofit organizations throughout the year to promote savings and debt reduction among the military force.

Military Saves Week 2012 saw the largest participation numbers to date, with 26,394 individuals taking the Military Saves Pledge, and 339 organizations signing up to participate or reporting participation.

Savers who take the pledge can choose to receive a monthly e-newsletter from Military Saves, along with a quarterly e-newsletter from America Saves.

The Military Saves website also offers valuable tips and savings ideas to help military families live well while spending less — such as bringing a lunch to work, eating out two fewer times each month and going grocery shopping with a list (and sticking to it).

Commissary Savings

Savings generated by commissary shopping is why the Defense Commissary Agency is a partner in the 11th annual Military Saves Week campaign that encourages military families to avoid debt and build savings. The campaign’s theme is “Set a goal, make a plan, save automatically.”

“Since we sell at cost in delivering the benefit, shopping your commissary saves you money automatically,” said Joseph Jeu, DeCA director and CEO.

Consistent commissary shoppers score savings of 30 percent or more, Jeu said, but savvy shoppers know that using coupons achieves even higher savings.

“Think of coupons as cash,” he said. “And now, the commissary offers the Rewards Card to deliver even more savings via coupons for download onto your card.”

At last count, more than 150 coupons were available; new coupons are posted as soon as they become available. Patrons can sign up to receive an email alert when new coupons have been posted to the site, at www.commissaries.com/rewards_sub scribe.cfm.

The Schofield commissary is located at 698 Trimble Rd. Hours are 9 a.m.-8 p.m., Monday-Friday, and 8 a.m.-7 p.m., Saturday-Sunday, with early bird hours starting at 8 a.m., weekdays, 7 a.m., weekends.

Call (808) 655-5066 or visit www.commissaries.com/stores/html/store.cfm?dodaac=HQCWHX.

(Information courtesy of DeCA.)

“Military Saves” in Social Networks

Customers can join Military Saves via Facebook, Twitter or through its monthly newsletter. For more information, visit www.militarysaves.org.

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