Fort Leonard Wood was recently awarded the distinction of the Military Saves Week Champion award for 2018 participation in the Military Saves Week program.
The award is the result of the commitment made by Army Community Service Financial Readiness staff members in motivating service members and their families into taking the “pledge” and committing to save more money.
“Military saves week is all about empowering military families when it comes to their finances,” said Brandy Hudson, ACS personal Financial Readiness specialist.
“(The program is about) encouraging and motivating them to take control of their money and start developing a financial plan to enjoy life now without the burden of unhealthy debt and to secure a future later in retirement.”
According to Hudson, the financial readiness team, along with help from Armed Forces Bank and Infuze Credit Union, distributed 3,874 Military Saves pledges to bring Fort Leonard Wood to first place beating out 315 other participating military installations.
“For the past two years, Fort Leonard Wood was first place in the campaign; the two previous years were a good foundation to keep the momentum going in our military community,” Hudson said. “We were able to have contact with more than 10 percent of the units on Fort Leonard Wood.”
According to Shinae Young, Financial Readiness program manager, this accomplishment would not have been possible without the dedication of her team.
“(Through) teamwork, with dedication and collaboration, we can achieve great things. Teamwork is our strength,” Young said.
Hudson said the accomplishment shows that Fort Leonard Wood Soldiers and their families are committed to financial education and improvement.
“Financial Readiness is fervent in promoting Military Saves because in a survey done by the Military Family Advisory Network approximately 60 percent of respondents that were military families stated they don’t have enough savings to cover at least three months of living expenses,” Hudson said. “Military families endure financial burdens during active-duty service, and even through transition to retirement. These are circumstances that would be 100 percent preventable with adequate financial education and we want to give that to our community.”
The ACS Financial Readiness team provides financial education not just to Soldiers at the beginning of their career but through all facets of their military life.
“We are here to help through difficult transition periods such as PCS moves, family separation, having children, divorce, obtaining a security clearance and retirement just to name a few. We want to foster good relationships with our clients and community and ultimately provide the encouragement and motivation so many families need to know so that they can reach financial success,” Hudson said.
For more information about Financial Readiness services, contact the Financial Readiness Team at ACS by calling 573.596.0212.