How service members can break the cycle of living paycheck to paycheck
Military Families » Money
by Brandon Lovingier
1w ago
It’s stressful getting to the end of the month and being completely out of money! When you’re stressed out about money, it’s impossible to concentrate on anything else. That’s a problem. No shame or blame though. We’ve resorted to putting rent on a credit card before (bad idea!). Luckily, service members have tons of resources and programs to help break the cycle of living paycheck to paycheck. Build spending awareness First, you have to track what you’re spending.  A budget (yeah, I said it) is the best way to track your money. You can call it a spending plan or cashflow plan, but you ne ..read more
Visit website
Top financial mistakes enlisted military members make
Military Families » Money
by Brandon Lovingier
2M ago
Financial mistakes aren’t limited to enlisted service members, but with smaller paychecks, it can be harder to bounce back from mistakes. Here’s some common mistakes and how to avoid them. Too much debt We’ve all heard the stereotype about young service members buying muscle cars at 23% interest. It happens, but many service members of all ranks buy more expensive vehicles than they need. Also, they fail to see how much money they’re throwing down the drain by financing. Focusing on “investing” returns Enlisted service members are programmed to take action. It’s in our DNA. However, this often ..read more
Visit website
4 tips for shopping the holidays without breaking the bank 
Military Families » Money
by Lizann Lightfoot
4M ago
It’s easy to get caught up in the excitement of the holiday season. However, many military families are already struggling with inflation rates and higher housing costs. When holidays approach, there’s a likely chance of increased spending … and increased debt.   According to a Lending Tree survey, one-third of Americans took on debt for holiday purchases in 2022, and that debt averaged $1,550 per consumer. Total spending increased 24% from 2021, partially because of higher inflation rates.      To get a handle on holiday budgets, professional broker Phil Jawny, CEO of GoVA — a compa ..read more
Visit website
TSP offers service members opportunity to set up future selves for success
Military Families » Money
by Bill Furbee
4M ago
As an organization that has served the military community for more than 140 years, Navy Mutual urges service members to save early and often through the Thrift Savings Plan. “Investing in the Thrift Savings Plan (TSP) is an excellent way to set your tomorrow-self up for success,” said Navy Mutual’s Accredited Financial Counselor and Early Affinity Liaison Adrienne Taylor. “The sooner one begins to invest, the less you will have to invest to reach your financial goals due to compound interest and time.” Since 1986, federal government employees and uniformed service members – including ..read more
Visit website
TSP offers service members opportunity to setup future self for success
Military Families » Money
by Bill Furbee
4M ago
An organization that has served the military community for more than 140 years is urging service members to save early and often through the Thrift Savings Plan. “Investing in a Thrift Savings Plan (TSP) is an excellent way to set your tomorrow-self up for success,” said Navy Mutual’s Adrienne Taylor. “The sooner one begins to invest, the less you will have to invest to reach your financial goals due to compound interest and time.” Since 1986, federal government employees and uniformed services members – including the Ready Reserve – have been able to take advantage of the benefit. By doing so ..read more
Visit website
Travel insurance saved my Disney vacation
Military Families » Money
by AmeriForce Exclusive
6M ago
April 2020: Our son, Joseph, was in his senior year of high school and had just committed to a wonderful job in the Air Force that he would be beginning upon graduation. He was graduating high school, starting a career in the military, and I celebrated my 50th birthday in March. We were so excited to really celebrate these milestones together – the whole family – all six of us before he would leave for basic training in Texas. As a family, we were planning the most magical, celebratory Disney trip. We were going to do all the things. Hit all the parks. Everything had been meticulously planned ..read more
Visit website
Co-host of ‘The Military Millionaire Podcast’ shares real estate investing tips
Military Families » Money
by AmeriForce Staff
7M ago
David Pere joined the Marines in August 2008 and served for more than 13 years on active duty. In 2021, he transferred to the Marine Corps Reserve. When a friend urged him to listen to the audiobook “Rich Dad Poor Dad” by Robert Kiyosaki in 2015, the “lightbulb finally went off” in relation to passive income and real estate investing. He’s also the host of “The Military Millionaire Podcast” alongside fellow veteran Alex Felice. Where did your interest in finance come from? My parents were consistent envelope budgeters and tried to instill a basic knowledge of finances, but I always found it a ..read more
Visit website
7 ways to save on military kids’ school supplies
Military Families » Money
by Lizann Lightfoot
8M ago
As a military spouse and mom of five kids, I’m always on the lookout for good deals, especially when it’s back-to-school time. Every summer, there are long lists of school supplies, books, clothes and shoes that every child needs. The cost can feel overwhelming, so it’s important to plan ahead and budget for the extra expenses. Luckily, there are numerous ways military families can save money on school supplies. I was once moved to tears when my children all received a free outfit, a jacket and a shoe coupon from a giveaway program. That generous act from local volunteers meant so much to me w ..read more
Visit website
30 military discounts to take advantage of this summer
Military Families » Money
by Anna Hobby
9M ago
Summer is the season of sun-kissed adventures and endless opportunities for fun-filled escapades. Whether you’re spending the summer months on the water, in the mountains or strolling through the city, make the most of your days (and your money) by taking advantage of military discounts. You can save on activities, gear, clothes, accessories, and more with hundreds of exclusive offers from top brands. You can find all of these discounts (and more!) on Semper Save, a free resource that helps U.S. military families and veterans save when shopping online. Ray-Ban (15% discount) Complete your look ..read more
Visit website
Lessons learned from a deployed father
Military Families » Money
by AmeriForce Exclusive
10M ago
Serving as a husband, father and officer in the United States Marine Corps is a tremendous honor. These intertwined responsibilities have taught me valuable lessons over the past several years, and I feel extremely blessed and fortunate to have the opportunity to serve. Be that as it may, this call of duty is ripe with challenges and opportunities. One such opportunity has both stretched and strengthened my familial relationships – deployments. Though technology has advanced over the years, I believe the challenges associated with a disaggregated family have persisted. Aside from missing each ..read more
Visit website

Follow Military Families » Money on FeedSpot

Continue with Google
Continue with Apple
OR