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This category contains 6 posts

Pack Your Chute: 5 Things to do Now to Get Ready for Transition

Whether you are retiring from the military this summer, like I am, or still have years to go, there is value is putting a plan of action in place to be prepared for the transition financially. Sure, discussions of retirement locations, job transitions and career choices are a huge part of the transition, but this … Continue reading

Max Your TSP in 2014

Again this year Yourmilitarymoney has calculated the percentage of base pay you’ll need to allocate to the Thrift Savings Plan to max out your annual contribution. In 2014 you can save $17,500 plus a catch-up provision of an additional $5,500 if you are over the age of 50. In addition, if you serve in a … Continue reading

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 … Continue reading

5 Financial Moves for Military Families to Make in New Year

angela7dreams / Foter / CC BY-NC With New Years just around the corner it’s a great time to set goals and re-evaluate your financial plan. Here are five financial moves military families should consider making right now. Take the 8% Challenge. This is a great way to increase your emergency fund and prepare for life’s … Continue reading

Buy or Rent?

A recent article in the Air Force Times newspaper discussed the topic of whether military members should buy or rent a home following a PCS move. With the summer move cycle upon us, many active duty service members are considering the options now. The desire to own the home you live in is a strong … Continue reading

Radical Money Saving Ideas for Military Families and Retirees

Recently I read an article regarding “Radical Money Saving Ideas” like moving to the country, raising livestock, and eating off the dollar menu. Right. Here are a few radical ideas that military families could try and actually have a huge impact on their bottom line. Live car free. Rent a smaller place, or live in … Continue reading

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