Implementation of Military Saves Week
This MARADMIN announces the implementation of Military Saves Week, scheduled for 25 February - 4 March 2007, a campaign established by the Department of Defense in partnership with the Consumer Federation of America to encourage Marines and their families to increase savings and build personal wealth. Commanders at all levels are encouraged to actively promote the campaign and endorse a culture of personal financial readiness with the message "Build Wealth-Not Debt."
Issued: March 2, 2007
1. THIS MARADMIN PROVIDES INFORMATION ABOUT THE IMPLEMENTATION OF MILITARY SAVES WEEK SCHEDULED FOR 25 FEB - 4 MAR 2007. SUBSEQUENT MILITARY SAVES WEEKS WILL BE SCHEDULED DURING LATE FEBRUARY THROUGH EARLY MARCH TIMEFRAME IN OUTLYING YEARS. MILITARY SAVES WEEK WAS ESTABLISHED BY THE DEPARTMENT OF DEFENSE IN PARTNERSHIP WITH THE CONSUMER FEDERATION OF AMERICA. 2. MILITARY SAVES WEEK IS A CAMPAIGN TO ENCOURAGE MARINES AND THEIR FAMILIES TO INCREASE SAVINGS AND BUILD THEIR PERSONAL WEALTH. MILITARY SAVES IS PART OF THE BROADER AMERICA SAVES EFFORT, A CAMPAIGN TO ENCOURAGE AMERICANS TO INCREASE PERSONAL SAVINGS IN RESPONSE TO THE NEGATIVE SAVINGS RATE NOW PREVELANT IN THE UNITED STATES. 3. REF A SCHEDULES THE INAUGURAL MILITARY SAVES WEEK AS 25 FEB - 4 MAR 2007. IN TURN, REF B WAS PROMULGATED ENCOURAGING INSTALLATION COMMANDERS TO MAKE SAVINGS PROGRAMS A COMMANDER'S PROGRAM AS A STEP TO CREATING A FINANCIAL READINESS CULTURE WITHIN THE DEPARTMENT OF THE NAVY. 4. COMMANDERS AND LEADERS AT ALL LEVELS ARE ENCOURAGED TO ENGAGE THEIR MARINES REGARDING SAVINGS PROGRAMS BY ACTIVELY PROMOTING MILITARY SAVES WEEK. ENDORSING A CULTURE OF PERSONAL FINANCIAL READINESS THROUGH THE MILITARY SAVES CAMPAIGN FULLY SUPPORTS REF C BY HIGHLIGHTING PERSONAL SAVINGS AS AN AVENUE TO COMBAT THE USE OF PAYDAY LOANS. THE OVERARCHING CAMPAIGN MESSAGE TO "BUILD WEALTH-NOT DEBT" SHOULD BE THE THRUST OF LEADERSHIP'S MESSAGE TO THEIR MARINES. 5. THE INSTALLATION SUBJECT MATTER EXPERT FOR MILITARY SAVES WEEK IS THE PERSONAL FINANCIAL MANAGEMENT SPECIALIST, LOCATED WITHIN THE MARINE AND FAMILY SERVICES BRANCH OF MARINE CORPS COMMUNITY SERVICES. FOR MORE INFORMATION ABOUT MILITARY SAVES AND TO ACCESS THE MILITARY SAVES RESOURCE KIT, REFER TO THE AMERICA SAVES WEBSITE AT WWW. AMERICASAVES.ORG/NATIONAL/KIT.ASP. 6. MARINES AND THEIR FAMILIES DESERVE LEADERSHIP SUPPORT AT ALL LEVELS THAT CREATES A CULTURE ENDORSING SAVINGS AND FINANCIAL WELL-BEING.