Budgeting Smart Military Money

  • Are You Ready For Retirement? Find Out With These 4 Tips

    Are You Ready For Retirement? Find Out With These 4 Tips

    Each of us has our own idea of the ideal retirement. Does yours consist of traveling the world? Do you want to spend the rest of your days fishing? Do you just want to spoil your grandkids to death? Retirement is that state of life when we are be able to leave the workforce permanently and live with financial independence. Two elements of retirement to consider are how to prepare for retirement and when to retire…

  • 5 Important Reasons to Have an Emergency Fund

    5 Important Reasons to Have an Emergency Fund

    Emergency funds may not be the most exciting topic in personal finance, but it is one of the most crucial if you want to avoid unnecessary debt. The main reason financial planners give for creating an emergency fund is to pay for the necessities in case of a job loss. However, don’t let a stable job keep you from creating or maintaining your emergency fund. Check out these reasons to have an emergency fund beyon…

  • Don't Let Paycheck Allotments and Auto-Payments Lower Your Credit

    Don’t Let Paycheck Allotments and Auto-Payments Lower Your Credit

    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. When Allotments Are Risky Allotments are risky when payment amounts fluctuate. Too many people get hit with late …

  • Fall Out of Debt: How to Bounce Back from Summer Travel Spending

    Fall Out of Debt: How to Bounce Back from Summer Travel Spending

    Summer may be over, but your debt from summer travels might not be. There's nothing wrong with treating yourself and your family to a relaxing vacation, but you might have spent more than you planned for initially. "It can be especially hard to pay off debt for something like travel, where you've already 'used up' what you have purchased," said Gerri Detweiler, Director of Credit Education at Credit.com. "But payi…

  • Swiping Goes Social: Credit Card Companies Merge into Social Media

    Swiping Goes Social: Credit Card Companies Merge into Social Media

    As more and more businesses aim for fully integrated social media campaigns, banks and credit card companies are expected to be among the next wave of companies to join the party. One of the pioneers in this effort is China’s Sina Weibo, a microblogging social media platform that functions like a hybrid of Facebook and Twitter. The company has teamed up with China Merchants Bank to create one of the first social…

  • Final Exam: 9 Tips To Avoid Post-College Money Nightmares

    Final Exam: 9 Tips To Avoid Post-College Money Nightmares

    You just graduated from college. Whether you or your parents handled your finances these past four (or five or six) years, you are probably in need of some financial advice as you start your career and become self-sustaining in your 20s. What should you do with your money now? Here are nine helpful tips you can use to become financially independent and make the most of your money — whether you're in the mili…

  • How Much Does Your Commute Cost?

    How Much Does Your Commute Cost?

    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. Why We Commute According to a Census study in 2009, the commute time of the average American w…

  • What Military Families Can Do to Cut Back-to-School Costs

    What Military Families Can Do to Cut Back-to-School Costs

    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 supp…

  • Ways to Avoid Money-Related Stress During Deployment

    Ways to Avoid Money-Related Stress During Deployment

    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 …

  • How Not to Break the Bank on Couple's Budgeting

    How Not to Break the Bank on Couple’s Budgeting

    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 fu…