Smart Military Money
Personal finance tips andadvice for the military lifestyle.
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With ever-expanding suburbs and a difficult job market, long commutes are becoming a normal part of American life. Although long commutes aren’t uncommon, they are costly in numerous ways that should be considered before accepting a distant job, getting that house an hour from work or deciding to live off-base.
Getting ready to go back to school can be costly for all families, but especially military families who might have to pick up and move at a moment’s notice. School supplies including new clothes, notebooks and calculators can rack up a hefty bill if you don’t actively work to keep costs reasonable.
According to Credit.com, many military parents are planning to spend much less this fall on back-to-school supplies for their children in light of the recent economic downturn.
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You probably know how to improve your credit with a credit card. You might even know how to improve your credit several ways other than using a credit card. But do you know how to boost your credit with a personal loan?
If you’re planning to try using a personal loan to improve your credit score, there are both benefits and downsides to doing so. If you go about it the right way, however, it can be a helpful way to raise your credit.
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A recent Congressional Budget Office (CBO) report shows that the average cost to maintain an active duty soldier is now $158,000 a year, a 50 percent jump since 2001. Military personnel costs per service member are expected to continue to increase by approximately $4,700 a year for the foreseeable future.
The Department of Defense has been scrambling to cut costs, but the report predicts that it’s not going to be enough. In fact, per-person costs are expected to rise as the drawdown continues. See More
It’s no secret that deployment and money are both very stressful issues. So having to talk about money with a spouse during deployment can lead to compounded stress under the best circumstances.
According to the 2011 APA Stress in America report, money, work and the economy are already the leading causes of stress for Americans. Adding the distance of active duty makes the situation even more complicated. How do deployed service members and their spouses have a successful financial conversation when they are in different countries?
Although difficult, it can be done. Here are practical ways to avoid money-related stress and have a profitable and headache-free chat about money matters on the phone.
Making the transition from single to married life can be a difficult process for those with independent personalities. On top of combining the furniture and deciding whose lamp is better, couples should take a minute to discuss merging finances.
Unorganized budgeting leads to overspending and unnecessary debt that can reduce your ability to save and maintain a good credit score. While it may not be the most fun part of moving in and getting married, successfully merging financial styles is the key to a secure future. See More
Our theme this week was budgeting. So we featured fewer, high-quality pieces that relate to our theme in this week’s military personal finance roundup. Read these pieces, give the bloggers some love and let us know what you think in the comments section. See More
Even though everybody took a day off for the Fourth of July, the military personal finance roundup is full of worthwhile blog post. There’s nothing about Independence Day here, but there’s plenty on job interviews, home projects and going to farmers’ markets. See More
Use one of your military discounts to spend some quality time with your family this Fourth of July. There are a lot of civilian discounts for service members to use this week in addition to their own discounts.
These discount are a small thank you to the men and women that helped fight for our freedom. Many businesses, attractions and restaurants are offering military discounts in honor of them protecting America’s independence. See More
As usual the military personal finance roundup covers quite a few bases. There are some blog posts on saving money, eating right for cheap and overcoming omnipresent advertisements. Take a look.
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