Smart Military Money
Personal finance tips andadvice for the military lifestyle.
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With the pocketbook shock of the holidays behind us, many decide to take advantage of the new year and make a resolution to manage finances responsibly. For most, this means sticking to a budget, living within their means, relying on credit less often and, of course, getting out of debt. Realizing your debt is split [...]
If you’re new to the military, chances are you have a lot to learn about a lot of things. It’s a new way of life that comes with significant changes, including financially. You want to be sure to start your financial life in the military off right in order to set yourself up for success [...]
Next Monday marks the one year anniversary of Bank Transfer Day when social media users nationwide advocated consumers switch from for-profit banking institutions to not-for-profit credit unions. Rather than wait until next week to feature credit unions in the military personal finance roundup, we’re looking at pieces all about credit unions. Have a gander.
Military members often use paycheck allotments to pay off their recurring expenses. Although this is a simple way to budget your payments automatically and ensure you don’t miss one, there are some personal finance rules to follow to make sure allotments don’t cost you on your credit report.
There’s quite a few blogs in this week’s military personal finance roundup that relate to the credit and debt theme. A few outliers popped up too, but just to add a little variety. Take a look at what was hot among the personal finance blogosphere this week.
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.
It used to be said that money makes the world go round. Today the better phrase may be “credit makes the world go round.” Your credit score is a factor in everything from buying a house to applying for a job, and a low score may seem impossible to fix. Because of the mystery behind [...]
At a time when credit scores mean so much, especially to prospective homebuyers, a credit card interest rate that climbs is one of the last things military cardholders need. Before you agree to a credit card contract, dig through it and make sure you’re clear on the reasons why your interest rate could spike. Your [...]
You never know what fees and charges are lurking in your bank statement. Bank of America, Wells Fargo and JPMorgan Chase dumped charging debit card fees in 2012, so it seems customers won some sort of battle. Still, everybody—especially young military families trying to save money—needs to closely examine every bank statement for fees. Here [...]
Credit may make the world go round, but it has become a complicated system where individuals juggle large balances across a number of sources. If you’re looking to open your first credit card account or just shopping around for a new one, look for these key terms before you sign on the dotted line:
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