Education & Career Smart Military Money

  • 4 Crucial Takeaways From The Cyprus Banking Disaster

    4 Crucial Takeaways From The Cyprus Banking Disaster

    Nobody lives a mistake-free life. Imagine how boring that would be. A life with no mistakes, no lessons learned and no maturation sounds unfulfilling. At the same time, humans try to avoid disastrous mistakes. Learning to handle your money will undoubtedly cause mistakes. Just ask Cyprus. Last week the island country’s two major banks sought a $13 million bailout. It’s really not much compared to the $650 m…

  • Recent Increases to 2013 COLA

    Recent Increases to 2013 COLA

    Not all veterans, survivors and military retiree receive the 2013 cost of living adjustment (COLA). Although the COLA went into effect in December 2012, only certain federal retirees get the 1.7 percent increase. The increase for 2012 retirees is not necessarily 1.7 percent. Service members who left the Armed Forces between April 1, 2012 and Sept. 30, 2012 earn a partial COLA increase based on the calendar quarter…

  • Follow This Identity Theft Action Plan (Or Regret It Later)

    Follow This Identity Theft Action Plan (Or Regret It Later)

    If you are serious about maintaining your good credit standing, identity theft is certainly one of your worst nightmares. You are undoubtedly guarding your Social Security number, date-of-birth, PINs and other personal data. You are certainly on the alert for phishing schemes, and you are likely shredding any documents that could lend a helping hand to criminal types. You probably review your credit report, at lea…

  • 13 Fun Ways to Teach Your Kids About Money

    13 Fun Ways to Teach Your Kids About Money

    Modeling responsible financial behaviors goes a long way toward teaching kids about money. But there are also some wonderful age-appropriate resources and activities you can use to make the lessons more fun. What's the best way to raise your kids to know the value of a dollar? Cash Conversations For the youngest children, a general introduction to the concept of money is key. Talk about different pieces …

  • The Military Guide On How to Ask for a Raise

    The Military Guide On How to Ask for a Raise

    Asking for a raise is an issue that creates tension for many people. And if you're in the military or are a military spouse, you probably haven't had to ask for raise before in your career. But now you've taken on more responsibilities for the same pay or you've been in the military or other occupation for a certain amount of time, and the day has come for you to approach your boss or supervisor with a respectful …

  • UPDATE: It's Final! COLA Increase Approved for Disabled Veterans

    UPDATE: It’s Final! COLA Increase Approved for Disabled Veterans

    UPDATE: On Tuesday, Nov. 27 President Obama signed into law a bill that gives veterans and survivors a 1.7 percent hike for the cost-of-living adjustment (COLA). Effective Dec. 1, the increase will appear on January paychecks—directly deposited on Dec. 31, 2012—and affect about 4 million veterans, military retirees and survivors. The average increase in income for the year is $500. Dollar amounts will vary on…

  • 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…

  • Consumer Financial Protection Bureau Will Supervise Credit Firms

    Consumer Financial Protection Bureau Will Supervise Credit Firms

    Your credit score is no doubt important to you. It can determine loan eligibility, job qualification, whether a landlord will rent to you and even security clearance eligibility for military members. So making sure your credit score and reports are accurate is also important. For this reason, the Consumer Financial Protection Bureau (CFPB) will begin to supervise credit firms as soon as September 30 according …