Budgeting Smart Military Money

  • 2016 Major League Baseball Military Discounts

    2016 Major League Baseball Military Discounts

    Baseball. Is. Back. And with it comes all the things we love about America's pastime. The teams of Major League Baseball show their appreciation each year to those who have served by offering some great military discounts as well as some appreciation days. Many people think that making a budget and sticking to it means cutting out all of the fun from your expenditures. While it’s true you don’t want to …

  • Where Veteran's Charity Funds Go

    Where Veteran’s Charity Funds Go

    Americans donated a record-breaking $358 billion to charity in 2014, a seven-percent increase from the year before, according to the Giving USA Foundation and the Center on Philanthropy at Indiana University. Military members and their families are often among the most consistent of givers. Given their familiarity with and empathy for military issues, military charities and veterans groups are often the recipients…

  • 5 Reasons Members of the Military Go Into Debt

    5 Reasons Members of the Military Go Into Debt

    Some form of debt haunts most Americans. But a new study reveals that members of the military accrue debt at alarming rates when compared to civilians. This debt can endanger service members' financial lives (and their jobs) if left untouched. Approximately 36,000 active members of the military have recently requested financial help due to large debt threatening to annul their clearances, according to nonprofi…

  • Should I Stay or Should I Go? Pros and Cons of Leaving the Service

    Should I Stay or Should I Go? Pros and Cons of Leaving the Service

    Is leaving the service the right thing for me to do? This question poses a dilemma for military service members when they reach a financial impasse in their military careers — typically at 20 years in the armed forces — to stay in the military or get a civilian job. Both choices have pros and cons, and a person's decision comes down to their individual situation. "It really is a case-by-case thing, but …

  • New Report Shows Military Personnel Costs Spiraling Out of Control

    New Report Shows Military Personnel Costs Spiraling Out of Control

    A recent Congressional Budget Office (CBO) report shows that the average cost to maintain an active duty soldier is now $99,000 a year, a 31 percent jump between 2000 and 2014. The continual increase is mainly caused by the increasing costs for military personnel, and operation and maintenance. The Department of Defense has been scrambling to cut costs, but the report predicts that it’s not going to be enoug…

  • Free Financial Planning Tools to Make Budgeting Easier

    Free Financial Planning Tools to Make Budgeting Easier

    No matter your financial security, everyone could benefit from a personal finance command center. More and more people are using online financial planning tools to help with budget creation, spend tracking from single and multi-income families and provide accountability to those trying to be more resourceful with their money. What are some of the other benefits? It’s Free There are many sites available at n…

  • Don't Forget Tax Day is April 15

    Don’t Forget Tax Day is April 15

    As Tax Day approaches, you may find yourself stressing out about finishing on time. Whether you are struggling to file correctly or simply forgot, Smart Military Money is here to help. First, let’s take a look back at our Military Tax Tips & Tricks series. Free Filing Options Don’t put off filing your taxes because you think it will be too expensive. Our first tax tips & tricks article outlined …

  • Military Tax Tips & Tricks: Filing Taxes Overseas

    Military Tax Tips & Tricks: Filing Taxes Overseas

    This post is the last in a three-part series covering tax tips and tricks for military members. This piece covers filing during a deployment and the different options you have while you’re overseas. One of the biggest setbacks for military families trying to file their taxes on time is collecting all of the necessary information and signatures during a deployment. Thankfully there are some ways to combat …

  • A Financial Field Manual for Deploying Service Members

    A Financial Field Manual for Deploying Service Members

    Deployment can be one of the most challenging aspects of military life for service members and their families. The emotional stress associated with distance and the dangerous nature of the job can take a significant toll on everyone involved. Military members stepping into their first deployment without a clear sense of what to expect financially often struggle with everything from credit and income to unneces…

  • Stop Making These 4 Budget Blunders

    Stop Making These 4 Budget Blunders

    Nearly half of Americans faced financial difficulty last year, unable to afford bills for basic needs like medical care or housing. Almost a third live day-to-day and have no savings at all. Their current financial woes aren't all attributed to foolish spending habits. Some simply fell victim to common money mistakes that the majority of Americans make – even the ones who still have gas in their car, food on …