Banking & Savings

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4 Steps for Budgeting to Pay Off your Credit Card Debt

Credit card debt can suffocate any military family. I know, my wife and I spent several carefree years until we started trying to save for our family. Two years ago we had 12 credit cards with over $60,000 in debt. We were paying only minimum payments and weren’t even covering...
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Blocking and Tackling: The Key to Your Financial Future

If you’ve spent much time watching football at some point you’ve heard the following from a football coach…”We need to concentrate on Blocking and Tackling and then the wins will come.” What does the coach mean by that? Well, I’m not an expert on football but I’m pretty sure the...
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Military Retirement: A Blessing and a Curse

I lost you, didn’t I? You said “this guy is completely insane! Half my pay for the rest of my life is a curse?” While I am prepared to concede your first point, gentle reader, allow me but a few paragraphs to elaborate on the second. Retirement from the military...
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Relationships and Finances

Perhaps the only things in life that can rival the anxiety-producing effects of a relationship are money and finances. Money and finances in a relationship can cause a couple to worry and to have anxiety for their future. Combining both of these essential avenues in life, relationships and finances, can...
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The Thrift Savings Plan: What Is It and Why Do You Need It?

What is Thrift Savings Plan (TSP)? TSP is an account similar to a 401(k). Federal employees (including those in uniform) may participate in the TSP. Military members put pre-tax money into an account, and have the right to take the money out of the account at a certain point in...
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Military Banking: The Basics

As a member of the military, you have opportunities to save money that are not often given to the general civilian population. You should be taking all of the advantages of these opportunities. You can use them to start saving, spending, and investing in the correct way. The purpose of...
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A Guide to Easy Budgeting for Military Personnel

Many people are under the misconception that military personnel have it made, financially. However, they live paycheck to paycheck just like everyone else does. They have the same bills and expenses as civilians, plus some. Low ranking military personnel have it the hardest because they aren’t paid as much as...
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