Personal Finance | Military Finances & Financial Security
Achieving financial security might be easier than you think, especially with the help of Military OneSource. Learn some personal finance basics like how to pay down debt, manage a checking account, choose good investments and create a family budget. Read up on different military pay and compensation benefits, consumer rights and military savings programs. Discover how to create a financial plan for every phase of your life. Military OneSource offers free services and resources so you can prepare for a secure future.
How Active-Duty Service Members Can Use the High-3 and Final Pay Military Retirement Calculators
You can get a solid estimate in less than five minutes using free retirement pension calculators for both the High-36 and Final Pay legacy retirement systems offered by the Department of Defense. Here’s how to use them – and what you can do to adjust the outcomes to fund your future retirement lifestyle.
Support for Financial Stresses Caused by COVID-19
The coronavirus outbreak may affect many aspects of your military life, including financial readiness. If you and your family are experiencing challenges, the Department of Defense offers a number of services to help you take control and minimize financial distress.
Request Emergency Financial Assistance if Impacted by COVID-19
Service members and families who have been affected financially as a result of travel restrictions, closures and other events from the coronavirus can check with their service relief organization to see if emergency help is available
Keep a Sharp Eye Out for Identity Theft and Scams
Millions of people each year fall victim to identity theft or military scams of some kind. If you fall prey, it can cost you money, time and lots of stress. It happens when you let your guard down. Safeguard your Social Security number, military ID and other sensitive data. See how.
The Military's A+ Financial Benefits to Protect Your Future
As a service member, you've earned financial benefits to help protect your future.
On Your Side: Military Financial Support
Service members and their families have access to substantial resources to save money and manage your expenses. Learn more about ways to save and protect your family’s financial health with the following programs:
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.
How to Reduce Your Dependency on Credit When You’re in the Military
Take control of your finances by reducing your debt.
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.
How to Control Your Budget When Your Spouse Is Deployed
Your spouse’s deployment doesn’t need to throw your finances off track.
Expanded Credit Protections for Service Members and Their Families
The Military Lending Act protects military families like yours from wrongful loan practices.
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.
How Members of the National Guard and Reserves Can Use the Official BRS Retirement Calculator
Military members who serve their country as part of the National Guard or a branch’s reserve component may qualify for retirement benefits – including a Blended Retirement System pension and Thrift Savings Plan retirement payments. You can estimate what your potential retirement payments may be with the official BRS military pay calculator.
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.
How Active Duty Service Members Can Use the Official BRS Retirement Calculator
Retirement can feel like a long way away, especially if you’ve only just started your military career. Still, what you save today will grow significantly by the time you’re ready to retire – even if it’s only a little bit each month.
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.
Earn, Spend, Protect, Borrow, Save and Invest
During Military Consumer Month, and whenever you sit down to work on your financial goals, think through how you can maximize what you earn, spend wisely, protect your assets and be a savvy borrower, saver and investor.
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.