Smart Military Money
Personal finance tips andadvice for the military lifestyle.
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The 12 months leading up to a home purchase can be extremely stressful. From the preapproval process to the signature on the dotted line, it’s a timeline cramped with intricate decisions that ultimately influence one of the most substantial purchases a person will make in his or her lifetime.
Some of these are more insignificant details, while others can be of major concern. However, when it comes to decisions that could completely jeopardize the opportunity altogether, there are four main things a person should avoid doing at all costs in the year leading up to a home purchase.
Bankruptcy is one of the most foreboding words in the world of loans and mortgages. This problem is a headache that causes apprehension and financial uncertainty for borrowers. Luckily, bankruptcy isn’t financial doom.
Declaring bankruptcy doesn’t mean you’ll be unable to purchase another home, but it takes hard work to build back credit. The first step to bouncing back from being bankrupt is understanding one’s credit score.
“I use my credit card and pay it off in full every month. Shouldn’t that help my score?”
As one of the questions loan consultants receive most frequently, there tend to be some common misconceptions concerning credit cards and credit scores. Ranging from credit limit to time limit, here are the answers to three of the most misunderstood myths.
Given some great news this week, this military personal finance roundup focuses on jobs, a hot topic for everybody in the U.S. right now. But there’s no use in giving up on a job hunt. For service members and veterans, there are several resources to help you find work such as the Stars and Stripes Veteran Job Center or VetSuccess.
Beyond that, fellow personal finance bloggers regularly offer tips and tricks for finding work. Give this roundup a look for the good news and to see what some of them suggest.
Tornado season hits its peak for much of the U.S. in the summer, so this military personal finance roundup focuses on natural disasters. Unfortunately, disasters can happen at any time. Thanks to modern meteorology, forecasters can better predict when a storm will strike, whether it’s a Tornado in Texas or a hurricane on the East Coast. But that doesn’t mean they won’t do damage.
Natural disasters do more than damage infrastructure — they can wreak havoc on people’s finances. The good news is that you can prepare for a natural disaster well before it’s even a threat. Take a look at what these personal finance bloggers have to offer on the subject.
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