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.
If your service member ever gets into financial trouble, it can impact their military career. For this reason, there are two major laws – the Servicemembers Civil Relief Act and the Military Lending Act — that help protect the finances and ease the stress of active-duty service members and their families.
Service members and families have access to resources to save money, manage expenses and protect your finances. Learn about military pay, benefits and more.
From budgeting and car buying to building a good credit score or getting a handle on student loans, your service member has access to several free benefits and protections to help them gain firm financial footing.
The Military Lending Act protects military families like yours from wrongful loan practices.
The Department of Defense offers a number of financial counseling options for you and your family to help plan and control your financial future.
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.
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.
As a service member, you’ve earned financial benefits to help protect your future.
Buying a car is a major purchase. There’s a lot to know – from sticker prices to auto loans to warranties. Avoid getting ripped off or buying more car than you need.
Learn whether financial difficulties due to COVID-19 might affect your security status and how to address them.
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.
Your military friend or family member serves our country with integrity and honor. Unfortunately, there are scammers out there who try to take advantage of that service to cheat them and you. You can help protect your service member against military scams by learning the warning signs of schemes that target those in the military community.
The Servicemembers Civil Relief Act, or SCRA, provides financial and legal protection for active-duty service members, including National Guard and reserve members, and their families. Because details of the SCRA are complicated, service members and their families are encouraged to contact the nearest legal assistance office if they need help meeting their financial obligations.
Moving forward with a divorce can be the start of a new life.
The Financial Management Awareness Program is here to help you alleviate financial distress so you can be “Always Ready, Always There.”
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.
Whether you’re stationed out of the country or just traveling, plan to use your card wisely while overseas.
For members of the military, deciding whether to rent or buy is a financial decision not to be taken lightly. Part of mastering your move is finding the best place for you and your family – and your budget – in your new location.
Learn about federal and state programs that help families with special needs. Military families can also count on the support of the Exceptional Family Member Program and Military OneSource.