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.
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
Payroll tax deferral? What’s that? Well, in 2020 due to the ongoing COVID-19 pandemic, the people in charge at the White House thought it might be a good idea to defer federal tax collections from our paychecks. Note that I said defer, but we’ll come back to that later. Anyhow, this brilliant plan came about … Read more
Saving money while in the military can be a challenge, but these military wives are ready to help with key advice. Whether you’re new to the military life or have been in it for a while, there are many financial challenges that you might face. There’s the unexpected PCSing, unpaid government travel cards, and much … Read more
How many of you have sent out seemingly hundreds of applications without any response? It’s no wonder that financial issues is the top stressor among military families surveyed. To bridge that financial gap, many people have created military spouse-owned businesses to generate more income. One of the hardest things about being a military spouse is … Read more
It’s common for people to seek out a way to bring in more money while working a full-time job; and military members are no exception. The extra money can help you make ends meet, save more, or quickly pay off debt. This list of great side hustles for active duty military will hopefully help you … Read more
It’s a common misconception that military members are rich, and some new recruits think that as well when joining. This train of thought, along with poor personal finance knowledge, has led to disastrous financial mistakes by service members. In truth, a newly enlisted member is only making about $1917.60 (pre-tax) per month. That’s only $23,011 … Read more