The first step toward owning your own home is meeting with a lender to secure a loan. The Home Loan Program, through the Department of Veterans Affairs, is a substantial benefit you have earned with your military service. These invaluable loans require no down payment, no private mortgage insurance, and negotiable interest rates.
The holiday season and spending money often go together, but there are ways to celebrate with your family without going into debt. It’s all about spending wisely. Consider these tips for staying in control of your finances during the holidays.
Your service member doesn’t have to face financial hardship alone. Free information, resources and counseling are available.
The military recently adopted a new retirement plan called the Blended Retirement System which extends benefits to a lot more service members than the old plan. The good news: the BRS can put your service member on the path to long-term financial security. And, the more a service member contributes to their own retirement, the more the Department of Defense matches it.
Inheriting money or property can be complex. Be prepared by understanding the basics and learning where you can get help.
National Guard members and their families face many of the same challenges as active-duty military families. Your Guard status does, however, mean that you face some unique issues, like connecting with the resources you need when you don’t live near an installation and transitioning back to your civilian job.
Sometimes it feels like the military has a language all its own made entirely of acronyms and abbreviations. And while your service member is probably fluent in this strange tongue, you may need a little help to keep up.
Like a coin, there are two sides of your military paycheck. There’s what goes into your paycheck — basic pay, allowances and special and incentive pays — and there is what comes out.
No one likes to envision the possibility of natural disasters like floods, fires, hurricanes or tornados in their future, nor do they like to think about crimes like theft and vandalism. However, by investing the time now in a little preparation, you can have peace of mind later.
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.
Thinking of marrying a service member? There are lots of great reasons to marry, and some reasons that may not be strong enough for a lifelong commitment. View the questions to ask.
Estate planning ensures that you have your affairs in order for your loved ones in the event of your death and makes sure they are cared for according to your wishes.
You’ve been tested before and have the determination it takes to study hard and be prepared. Doing so on education advancement exams, which assess your skills, can help you earn your degree faster. Defense Activity for Non-Traditional Education Support, or DANTES, offers free or discounted tests for military members.
As you settle in, you’ll want to take advantage of the numerous ways to connect to your new military community and neighbors. That means making friends, doing fun activities during your free time, finding resources to learn hobbies and knowing where to turn when you need help.
Are you separating or retiring from the service in the near future? Are you actively transitioning to civilian life? With so many components of transition, you may feel like you could use some extra help. Maybe you’re looking for support to manage stress or logistics. Or perhaps you just need someone to give you that extra encouragement to set goals to get through your to-do list.
Deciding to get married is one of the most important decisions a couple will make together.
The coronavirus disease 2019 pandemic led to some temporary changes in tax laws. These come on the heels of major tax reform – the Tax Cuts and Jobs Act. Learn how you can take steps now to maximize your benefits and protect against an unexpected tax bill or penalty next year.
The Military Family Readiness System supports every service member and family member, regardless of activation status or location, in person, by phone and online.