USAA Named to FORTUNE List of ‘World’s Most Admired’

FORTUNE® Magazine has announced its World’s Most Admired Companies® for 2017, and USAA ranked No. 25.

USAA ranked No. 2 in the Property and Casualty (P&C) insurance industry for 2017.

“This is a recognition our employees greatly deserve,” says USAA CEO Stuart Parker. “Their focus on our mission and enduring commitment to serving our members makes us all proud to work at USAA. We don’t take designations like this for granted. We are continuously investing in our people to better serve members and make USAA a great place to work.”

Earlier this month, USAA was ranked No. 11 on the Harris Poll Reputation Quotient (RQ®) and No. 35 on the Best Workplaces for Giving Back. USAA is No. 114 on the FORTUNE 500® and has been recognized on other FORTUNE lists of best companies, including FORTUNE 100 Best Companies to Work For®.

This is the fourth consecutive year USAA made the list which is unique because results are generated based on survey feedback from industry leaders and peers. Executives, directors and analysts rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. Other notable companies on the list include Apple®, Google®, Amazon® and Southwest Airlines®.

The World’s Most Admired list is considered the definitive report card on corporate reputations. Healthy financials boost a reputation most, according to FORTUNE. About 350 companies make the Most Admired list each year, but only the top 50 are ranked. In the P&C insurance category, USAA remains at the No. 2 spot this year out of 16 eligible firms.

Avoid Debt By Saying No To An Additional Monthly Payment

Monthly payments are often an irresistible trap to get what we want for a small fee.  After all, who does not want the latest car, smart phone or access to the latest on-line movie?  We all want these things, which is why the additional monthly payment is one of the easiest ways to get into debt.

Follow these tips to find ways to avoid another monthly payment and to keep your debt levels within your monthly budget and financial goals.

Avoid Another Monthly Payment Advice #1 – Just Do Not Look.  Say no to any opportunity to go and look at something that you know that you cannot afford or do not need.  I love skeet shooting and the featherweight, engraved high-end shotguns.  My dad had a beautiful gun that he used for skeet and I have wanted one like it for decades.  However, I have college funds, new tires, and retirement investments that I need to make in order to meet my financial goals.  Therefore, I do not go to gun stores and I do not go to “just look.”  The access of credit cards and impulse financing make it too easy to make a financial mistake.  By not looking, you avoid the impulse and temptation to stray from your financial plan.

Avoid Another Monthly Payment Advice #2 – New Things Do Not Bring Happiness.  How many times do we believe that when I get this new car, phone, computer, etc. then it will make me happy and content?  We purchase the item and it does make us happy, but only for a very short time.  Then, we are on to wanting the next item.  The simple realization that buying more does not bring happiness, then it makes it easy to say no.  Instead of looking for happiness in shopping, find something constructive to do.  Take a class, exercise, walk in the woods, read a book at the library, or find a quiet place and just relax.  Understanding that purchased items will not make you happy is a big step that will help you avoid debt.

Avoid Another Monthly Payment Advice #3 – Pay Off Your Existing Monthly Payment.  One of the best ways to remain out of debt is to accelerate your existing monthly payments if you find something that you truly want.  Want a new car?  Then pay off your existing car quickly so you can purchase a new car.  The act of retiring old debt before taking on new debt keeps your personal budget and finances in alignment with your goals.  Debt happens when we over extend our monthly payments so less and less of our monthly income is available for necessities and emergencies.  Then, an emergency happens, we do not have the savings to deal with the emergency, and the monthly payments get even higher.  Paying off your existing debt ahead of schedule before taking on new debt keeps your debt levels and financial obligations in line.

Avoid Another Monthly Payment Advice #4 – Expand Your Emergency Fund.  Expanding your emergency fund seems to be one of the least exciting and certainly least satisfying things that you can do with your income.  You have items you want to buy, bills you want to pay down early, and you have to set even more money aside in case something “happens.”  Building your Emergency Fund larger helps you to be prepared for even larger financial emergencies.  A roof repair, a health emergency, and even a major car repair can throw monthly financial obligations into massive disarray and start down the path to serve personal debt.  A larger Emergency Fund, although unexciting, is the best way to ensure a one-time negative financial event does not lead to a personal debt emergency.

Avoid Another Monthly Payment Advice #5 – Creative Store Financing Is Not Your Friend.  Most store sales people are well prepared for the arguments of emergency funds, holding down debt levels, and just saying no.  However, the sales pitch is usually something like a perfect dream.  You use the store financing, drive home with the item today, and then the financing does not start for another eight months, or has very low initial rate, or the item can be returned with “no questions asked.”  These financing methods sound great, but that is where the greatness ends.  Ultimately, these unscrupulous financing methods compound your personal financial debt and do not erase the debt burden.

Avoiding additional monthly payments are one of the key ways to remain on your budget and on your financial plan.  Refusing to shop for items you cannot afford, realizing new things do not bring happiness, paying off existing debt, increasing your emergency fund, and saying no to store financing are the best ways to keep additional debt in check and your financial goals on track.

by

‎02-13-2017 07:10 AM

Content provided courtesy of USAA.

By Chad Storlie

 

Military Spouses Find Job Opportunities on the Move

PCS season is upon us, and if you’re a military spouse, looking for a new job is probably at the top of your busy to-do list.

The 2014 Military Family Lifestyle Survey by Blue Star Families confirmed that the greatest stress in our lives as military spouses is the uncertainty about what tomorrow will bring. One of the key sources for uncertainty is if and where we’ll be working.


Many of us will leave jobs to follow our service member around the world. Some will change careers completely, some will return to the workforce after raising children and others will start their own businesses.

We often follow our service member to a duty station where we are either over- or underqualified for most available employment. The unpredictability of the military lifestyle can create hurdles for us regarding a career.

What can we do?

The answer is to reinvent yourself. Here’s how:

  • Volunteer in your community. Start with your military facility’s family support center.
  • Go back to school. Hundreds of scholarships and grants earmarked for military spouses go unclaimed every year due to a lack of applications. Visit your installation’s education center for more information.
  • Recertify or relicense. You may need a new license or certification to practice your profession in a new state. Start the process as soon as your orders arrive. Look for an opportunity to expedite or waive some of the requirements based on your new state’s rules on reciprocal certifications and licenses for military spouses.
  • Network. Networking is a great way to advance your career. Leverage your contacts. You already may have a connection in your new location.
  • Seek help at your installation. Many installations partner with local employers to place spouses. Some offer training to help spouses update work skills. Don’t be afraid to try something new and different. See your local installation’s employment readiness specialist at the family support center.
  • Go online. Access the online resources available through Military OneSource, including Spouse Education and Career Opportunities (SECO) and Military Spouse Employment Partnership (MSEP). Also visit the U.S. Chamber of Commerce Foundation’s Hiring Our Heroes .
  • Be an entrepreneur. Military spouses have a unique combination of resiliency, leadership, focus and drive. Your ideas may generate an income while benefiting your community. Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE) provides tools and training to help veterans and spouses become successful entrepreneurs.

As a longtime Air Force spouse, I have reinvented myself many times over our 18 moves. Along this journey, I supported my husband in his career and raised two smart, beautiful and resilient daughters. I earned both a bachelor’s degree and an MBA through scholarships, grants and an employer education benefit, and I earned the Accredited Financial Counselor® designation through the National Military Family Association military spouse fellowship. I volunteer at my kids’ schools, on our installation and in local communities.

I took mundane jobs to pay off bills along the way, but I also had exciting and fulfilling jobs, such as working for the USO. The best part is that everything I did to support our family’s military lifestyle groomed me for the amazing opportunity I have here at USAA.

There are many resources available to support and guide you to success, including those listed below. Leverage your special skills, discipline, perspective and problem-solving abilities to make your mark on the labor market.

 

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‎09-12-2016 07:30 AM

Content provided courtesy of USAA.

By Ingrid Bruns

Easiest Fresh Start Card for Service Members

In the Armed Forces? Need an easy way to get a fresh start on your credit?

We all know that our service members are rarely paid what they’re worth, and it’s really easy to get behind on your bills when you’re deployed, when you transfer to another base, or in the event that you have an unexpected expense.  And that can affect your credit in a big way!  Not only is it hard to catch up, but when you do, it’s really hard to repair bad credit.

Why is it so hard to repair your credit?  Because no one will give you credit!

If that’s the case, then your best bet is to get a secured credit card and establish a pattern of paying your bills on time, every time.  That way, your payments are reported to the major credit bureaus, and over time, your credit will recover.

If you’re a retired or active duty service member, or a qualified family member, the easiest way to do that is to get a USAA Secured Card® American Express® Card.  The USAA Secured Card® American Express® Card is not just a prepaid card – it is an actual credit card, with great benefits, and an excellent track record for helping members of the Armed Forces to rebuild their credit rating!

USAA Secured Card® American Express® Card

  • Best for members rebuilding or establishing credit.
  • Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
  • No foreign transaction fees when you travel outside the United States.

Apply Now!