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budget, emergency fund, military pay, save early, Uncategorized

Current Budget Crisis Averted

Yes, Congress and the President did what needed to be done and passed a continuing resolution and raised the debt limit. These actions averted a potentially devastating government default. What this means for military families is that your November 1 paycheck will arrive right on schedule.

As posted previously, credit unions stepped in early to guarantee that military members would get their regular salaries credited to their accounts even if the government defaulted. USAA came in later and said that loans would be made available.

So panic wasn’t necessary, but cautious reflection on your personal ability to respond to a financial emergency is vital. This bullet was dodged, but what about the next one?

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