Budgeting & Saving Money | Personal Finance
In the military, you learn to prepare for the future using the tools at your disposal. When it comes to saving money, the military provides several tools so you can build a secure financial future. The more money you save, the more prepared you will be for opportunities or unexpected events that come your way. You may want to buy a new car, help your children pay for college or start contributing to your retirement. Military OneSource provides the resources and information to help you master the skills of budgeting and saving so that you can build financial security.
How to Control Your Budget When Your Spouse Is Deployed
Your spouse’s deployment doesn’t need to throw your finances off track.
Military Pay 101: Basic Pay, Allowances and S&I Pay
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.
Are You Financially Fit? How to Make Financial Wellness Happen
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.
Military Families, Plan Now to Reach Your Financial Goals
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.
Save for College With a 529 Plan
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.
Preparing for Deployment by Setting Savings Goals
When you and your family are preparing for a deployment, set savings goals that will make the most of your special payments.
Living on Your Military Paycheck
You can take control of your financial future today. Start small with a few simple changes to save more, spend less, and better manage your day-to-day finances.
Hang on to These Eight Saving Tips for Your Next Paycheck
In the military, you learn to prepare for the future by using the tools at your disposal. Saving money falls into that preparation category.
Budgeting Tips to Successfully Balance Your Budget
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.
7 Small Steps Military Families Can Take to Save Money
Saving takes the kind of discipline, time and a commitment that military families already have.
Your Leave and Earnings Statement
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.
Smart Financial Management Starts With Smart Choices: Making Ends Meet
Learn how certain milestones in your life can have financial benefits and consequences.
25 Money-saving Tips for Military Families
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.
10 Smart Tips for Military Families to Save on Holiday Spending
Holidays mean spending, but you’ve got the discipline to keep it reined in this season.
How to Create a Financial Plan for Every Phase of Life
A financial plan evaluates your current financial state, sets goals for your future and makes a concrete plan for financial freedom.
Financial Planning and Assistance for Families with Special Needs
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.
Your Deployment Plan for Staying Fiscally Fit
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.
Living Overseas on Military Pay: What to Expect
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.
Supplemental Security Income
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
The Military’s Dislocation Allowance FAQs
If you’re planning your next military move due to a permanent change of station, you may be able to receive a dislocation allowance.