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.
A financial plan evaluates your current financial state, sets goals for your future and makes a concrete plan for financial freedom.
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.
While no actions can erase the pain you feel after losing a family member or loved one, getting your financial and legal affairs in order can be a small step in the right direction and can provide some peace of mind during this difficult time.
The Department of Defense offers a number of financial counseling options for you and your family to help plan and control your financial future.
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.
Learn how certain milestones in your life can have financial benefits and consequences.
Take control of your finances by gaining a better understanding of your debt and how to work toward paying off what you owe. Create a plan now and commit to your financial freedom.
Financial security at home helps you be more focused and mission ready. To help you be your best both financially and professionally, Military OneSource offers free financial counseling to service members and their families on issues such as budgeting, money management and debt reduction.
With the many available scholarships, grants and other options for financial aid, paying for college doesn’t have to be intimidating.
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.
Did you realize that if you have trouble managing your finances, your unit readiness will be affected? It’s true. Money problems affect not only your life, they also affect the lives of those in your unit. How? If you have financial problems, your job performance and your personal life will suffer and you could lose your security clearance. All of these factors directly affect unit readiness.
Financial services, as referred to in the law, are defined as life insurance, casualty insurance and other insurance; investments in securities or financial instruments; banking, credit, loans, deferred payment plans, and mortgages.
Gearing up for a deployment can be stressful. But getting those orders cancelled or postponed can be more so, especially after spending weeks, even months, preparing yourself for the mission—and your family for the changes.
Getting a tax refund may seem like free money, but it’s not. It’s money you worked hard for and are entitled to get back from the government. As you decide what to do with your refund ─ whether you are looking to help secure you financial future or otherwise ─ consider these options.
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.
Preparing for your separation or retirement from the military with a special needs family member may require additional consideration. Develop a plan using available support, tools and resources.
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.
Applying for a loan is a common first step toward buying a home, buying a car or going back to school. The application process itself can be stressful, and there’s nothing worse than hearing your loan application was denied. Even with a steady income and a good payment history, your loan application could be rejected because you already have too much debt.
The Financial Management Awareness Program is here to help you alleviate financial distress so you can be “Always Ready, Always There.”