What are you doing with your tax return?

Hopefully you are not like Curt and putting your 2017 Tax Return to good use. What about paying off or paying down bills? Putting money away for emergency savings, or towards your retirement?

If you received a large return this year, maybe consider changing your Federal withholding and make the money available to you to use throughout the year or increase your TSP contribution.

Want help? Visit us here at your Airman & Family Readiness Center.

Are you on track to save enough for retirement?

From CNBC: When it comes to saving for the future, Americans aren’t doing great. Those between the ages of 55 and 64 who have retirement savings have a median of $120,000 socked away, Bankrate reports in a new survey, citing data from the Federal Reserve. That’s only 12 percent of the $1 million many experts recommend, and it’s worth noting that even $1 million doesn’t stretch as far as it used to.

So how much should Americans be earmarking for retirement in order to be sufficiently funded in their golden years? Financial services company Fidelity recommends putting away…Read more at CNBC

Military Saves Week Tip – Friday

Plan gift-giving in advance.  That will give you time to decide on the most thoughtful gifts, which usually are not the most expensive ones.

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Assess clothing for quality and price.  An inexpensive shirt or coat is a poor bargain if it wears out in less than a year.

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Brought to you by the Airman and Family Readiness Center. Call 385-4663 today to schedule an appointment.

Military Saves Week Tip – Thursday

Give up premium cable channels.  It’s a lot cheaper to rent one film a week than watch one on premium cable channels.

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Think free outings. Check out the local parks, memorials and art galleries. Take a picnic. Go on a walk, hike or stroll.

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Brought to you by the Airman and Family Readiness Center. Call 385-4663 today to schedule an appointment.

Military Saves Week Tip – Wednesday

Research free or inexpensive entertainment.  Use newspapers and websites to learn about free or low-cost museums, film, sports events.

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Be aware of your cell phone costs and how to reduce them. Understand peak calling periods, area coverage, roaming, and termination charges.

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Brought to you by the Airman and Family Readiness Center. Call 385-4663 today to schedule an appointment.

Military Saves Week Tip – Tuesday

When driving, avoid fast start-ups and stops.  Over time, you will save hundreds of dollars on lower gas and maintenance costs.

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Use window coverings to block or let in sunshine.  You could easily save more than $100 annually while being more comfortable.

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Brought to you by the Airman and Family Readiness Center. Call 385-4663 today to schedule an appointment.

Military Saves Week: February 26-March 2

Follow us on Facebook (facebook.com/ellsworthafrc) to see where Petunia, our Roaming Piggy bank, is traveling this week. If you guess how much money Petunia holds, you can take her and the money home!!!!! If you can’t catch her roaming around, don’t worry.  You can swing by the Airman and Family Readiness to enter your guess.

Remember to Start Small, Think Big.

For more financial tips, contact the Airman and Family Readiness Center today at 385-4663.