Budgeting & Saving Money | Personal Finance
As an active-duty service member, you receive many benefits and entitlements like free access to Military OneSource services and support. One of the primary benefits to working in the military is a steady paycheck and tax-free allowances. Here’s a summary of the different military pay elements you might see on your monthly Leave and Earnings Statement.
You have a unique vision of what you want the future to look like. Maybe you want to buy a home, send your children to college or you’re looking toward retirement. When it comes to planning for your “some-day” expenses, they become a lot more attainable if you start planning and saving early.
You've got the discipline to start saving early for your children's education. The popular 529 plans are flexible, offer tax savings and are available in every state to start planning for college.
Learning to balance your budget is a necessary life skill. While it sounds like a chore, once you develop some sound budgeting strategies, you can enjoy the security it provides and build wealth. Plus, keeping sound finances is important for your security clearance.
Your monthly Leave and Earnings Statement, or LES, is one of the most important financial documents you have for mastering your money and achieving your financial goals. Here's how to decipher the code.
Want to protect your hard-earned cash? Military discounts go a long way. Always ask retailers, restaurants, airlines, motels and other establishments, “Do you have a military discount?” Meanwhile, here are 25 other money-saving tips. Go ahead, wave your frugal flag.
When you have a family member with special needs, financial planning is vital. Be prepared to take good care of your family member by tackling the money issues today.
Deployment can impact a household budget. Your pay could change, or you could incur some unexpected expenses. With the right information and a little extra effort, you can stay fiscally fit during deployment and stay in command of your household budget. Follow these tips to achieve financial stability and health even while you're gone.
Overseas or OCONUS permanent change of station orders can be exciting, especially if you’ve never been outside of the continental United States. The military can help you with the added costs of an international move and living expenses abroad.
They say money can't buy happiness, but a financially-healthy future can buy peace of mind. Plus, financial security at home allows service members to be more focused and mission-ready.
Supplemental Security Income, or SSI, is a federal income supplement program designed to help the aged, blind and people with disabilities who have limited income. It provides them with cash to meet basic needs for food, clothing and shelter