Budgeting Smart Military Money

  • 6 Ways to Trim Your Military Lifestyle Budget

    6 Ways to Trim Your Military Lifestyle Budget

    There is a lot of budgeting advice to be found on the Internet, but not all of it factors in the different lifestyle of military families. The military way of purchasing a home, food, clothing and other essentials may make some advice irrelevant or provide opportunities to take it even further. Here are six areas of military life to consider saving some money: Shopping Discretion at the Commissary Whi…

  • 3 Easy Ways to Save

    3 Easy Ways to Save

    There are no wrong ways to save money, and making ends meet is easier for some families than others. When money is plentiful, families are more likely to set cash aside for retirement or for an emergency. However, some military families struggle to save for what could be over the horizon. According to a 2010 Financial Industry Regulatory Authority (FINRA) survey, 52 percent of enlisted members and 32 percent of of…

  • Budgeting your Military Service Separation

    Separating from the military can be a bittersweet event. You’re moving away from a lifestyle and community you grew accustomed to and are now starting a new phase in life. It can be exciting to purchase a new home, perhaps a new car, start a new career and establish your family’s new life. But before you get too inspired, consider the budget changes you’ll undergo and how they will factor into potential p…

  • Suspending Your Cell Phone During Deployment

    Suspending Your Cell Phone During Deployment

    A host of difficulties face those preparing for deployment. In addition to leaving your friends and family for an extended period of time, there are also important financial decisions you should make to ensure that you aren’t wasting any money while you’re away. From adding a military clause to your lease to suspending your car insurance, there are a lot of ways to make sure you don’t spend when you don’t …

  • Check Out Thrift Stores for A Quick Deal

    Check Out Thrift Stores for A Quick Deal

    Odds are, if you're trying to budget and save money, you're buying as much as you can used. Thrift stores can be a great place to find used electronics, clothes and other household items. But combing through them effectively to find great deals without sacrificing a lot of your time or sanity can be tough. Here are five tips to making your next trip to the thrift store bear better finds and less stress. …

  • Thrifty Living: Six Steps to Thrifty Groceries

    Thrifty Living: Six Steps to Thrifty Groceries

    The average American household spends about an eighth of its annual budget on groceries. That's a lot of money, and with the economy still sputtering, a lot of military families are trying to cut down the size of their monthly food bill. So here are six simple ways for you to cut down on how much you spend at the grocery store: Set a monthly grocery budget Use your budget as a guide, and don't exceed it. …

  • Financial Checklist for the Soon to be Deployed

    Financial Checklist for the Soon to be Deployed

    Horror stories of soldiers accruing debt while serving are far too numerous.  Financial preparation can reduce stress and save money for both the service member and his or her family. However, how does one save while deployed? And what are some tips for soldiers without an emergency fund? Things to do Before Deployment Military members have the opportunity to save a good amount of money while deployed.  This …

  • Thrifty Living: Washing on a Budget

    Editor’s note: This is the first post in our new Thrifty Living series, which explores simple, concrete ways military families and consumers can save money without sacrificing quality or peace of mind. When you're trying to pinch pennies, the best place to start is the everyday stuff. We're going to tackle your everyday grind and find where you can cut costs. For this first installment, we’ll begin with that e…

  • 5 Tips for Hiring a Contractor

    5 Tips for Hiring a Contractor

    Add increased confidence in the economy to the beginning of summer, and you have a lot of people thinking about home improvement projects. If you're not a carpenter or weren't lucky enough to score a Handyman-in-Law, you're probably going to hire this project out. Contractors can be a great way to get a job done right, on budget, and keep your weekends free. Still, everyone's heard horror stories about the door th…

  • Saving During Deployment

    Saving During Deployment

    Deployment can be a time of anxiety and uncertainty for both service members and their families. Finances have a tendency to take a back seat to spending time with family and preparing for deployment. However, if you take some careful steps before deployment and maintain good habits while away, it is actually possible to return to a much better financial situation than when you left. Before you are deploy…