Good news is coming for members of the military, veterans, and anyone who shops at the Commissary! By the middle of October, most Commissaries will have added an extra savings of 3-5%. Learn more.
When first joining the military understanding your military pay factors, military benefits that can save you money, and tricks to reduce spending is crucial for financial planning. Understanding your finances from the start and developing a healthy cost-saving mindset can help you throughout your military career. Here’s a quick intro to financial preparation for the military.
Military Gets Free Assistance Finding Child Care The demands of military service pose unique challenges when it comes to raising kids. Covid-19 has added another layer of challenges. Whether your family is preparing for a deployment, resettling after a PCS move, moving your child into new age level of care, or are among the many… Read more »
Blended Retirement: Round 2 On June 23rd, 2020, Senator Patty Murray (D-WA), a senior member of the Senate Veterans’ Affairs Committee, introduced the Re-Open Enrollment for Servicemembers to Opt-In to Updated Retirement Choice for Enduring Security (RESOURCES) Act of 2020, which “would promote financial security for military families by improving financial training,” according to a… Read more »
Taxes are due on April 15, 2021, though if you’re serving in a combat zone, you have additional time to file. Whether you have one month or several before your deadline, taking these steps can help you make sure you don’t overpay.
Long term planning goes hand in hand with military service. Enlistments and re-enlistments are for years at a time. Military members are always looking to the next inspection, the next physical training test, the next test to rise in rank. Just like some of their civilian counterparts, however, most don’t enjoy planning ahead with money…. Read more »
Set Yourself Up for Financial Success Early in Your Military Career If you are a young or new service member, not only do you have your whole career in front of you, you also have the benefit of having time on your side. It’s important to make smart financial moves now that you’re young, while… Read more »
Delayed Entry Program Advancement and Enlistment Bonuses Earn a promotion before you even ship to boot camp. Recruits who spend time in the Delayed Entry Program/Future Soldiers Program can earn the rank of E-3 by completing a few tasks while hanging around the recruiting station. The easiest way to get your first promotion to E-2… Read more »