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Managing debt is a crucial part of financial responsibility. Too much debt can negatively impact your financial health and affect your credit score, making it difficult for you to make purchases in the future. Military OneSource provides smart strategies for recognizing the difference between good debt and bad debt, paying down your bills, reducing your dependency on credit cards and taking control of your personal finances.

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LATEST CONTENT

Two soldiers budgeting using a calculator
Request Emergency Financial Assistance if Impacted by COVID-19
Jan. 12, 2021, 9:35 a.m. 5 minute read 110,040 views

Service members and their families who have been affected financially as a result of travel restrictions, closures and other events associated with coronavirus disease 2019 can check with their service relief organization to see if emergency help is available
Navy-Marine Corps Relief Society sign building
Military Relief Organizations and Emergency Financial Help
April 7, 2020, 1:39 p.m. 2 minute read 70,727 views

If you’re having serious financial problems, your service relief organization may be able to help. Army Emergency Relief, the Navy-Marine Corps Relief Society and the Air Force Aid Society are here to help you weather financial emergencies.
Man embracing family
Expanded Credit Protections for Service Members and Their Families
April 3, 2020, 7:40 p.m. 5 minute read 41,907 views

The Military Lending Act protects military families like yours from wrongful loan practices.
Woman teaching class on eliminating Debt
How to Reduce Your Dependency on Credit When You’re in the Military
Feb. 24, 2020, 6:05 p.m. 3 minute read 55,783 views

Take control of your finances by reducing your debt.
service members enter bus
Managing Your Debt
Jan. 28, 2020, 6:43 p.m. 5 minute read 6,576 views

FINRA Foundation research shows a significant number of military families have large credit card debt, with one in four respondents reporting outstanding balances of more than $10,000. Use these tools to learn more about credit scores, managing credit and ultimately making better financial decisions.
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