When it comes to military personal finance, there is a unique set of difficulties AND benefits involved. These topics help to shine a light on some of those that will help you with money management while in the military.
Note: Some posts are not specifically for military families, but will include a military-related tips.
A TSP is what the federal government offers instead of a 401(k). Do you know what a TSP is and how it works? I knew it was a retirement plan, but my family went years without knowing how to properly utilize this great benefit.
Congratulations! If you’ve landed on this post, you probably have received orders for moving overseas or are interested in it. Some people don’t want to PCS overseas, but it can be the most amazing and enriching experience.
Many people have heard that personnel with dependents in the military get increased pay. While that is true, exactly how that works isn’t widely understood.
As a Navy family, my husband and I have saved thousands of dollars over the years by using a military budget worksheet similar to the one below. Well… technically, it was more basic and just a note created in the app of my cellphone. But isn’t paper and pen so much better? Anyways… It wasn’t … Read more
Here it is, time to go on deployment. This may be your first or one out of many, but it always helps to have a deployment packing list with necessities. I mean… you can’t just turn around and pick up what you need easily if you forget something. You’ll want to make sure you bring … Read more
Some people like to call military members rich, but they don’t know the truth! In fact, it’s the complete opposite. The military doesn’t get paid enough. A lot of military families are just trying to stay afloat and some are even struggling to pay off debt. However, what it does provide is job security, a … Read more