There are a lot of financial lessons out there. And unfortunately, one of the most important ones is often learned the hard way: You need to have money in the bank. Savings is an important component of being financially ready, no matter whether you are officer or enlisted, service member or veteran, young or old.
The freewheeling credit abuse days of the early 2000s are now long behind us. But it’s still pretty easy to run up debt in America, especially if you’re part of the military community. Here are five tactics to help you avoid being on the wrong side of the statistics.
The basics of military life can give any service member or military spouse plenty of right here, right now things to worry about. One common result is that less-than-urgent personal finance chores, like checking your credit score, can easily end up at the bottom of your priorities list.
Tired of living paycheck to paycheck? Doing fine but want to do better? Prepping for the zombie apocalypse? Whatever your financial goals, you’ll have a better chance of reaching them if you have a plan for your money.