The current COVID-19 pandemic has created quite a bit of confusion and a considerable amount of panic. It’s hard for military families to know where to turn and who to trust. So, we have put together a list of reliable resources and information on several topics.
The current COVID-19 outbreak is not only a public health concern, it also has far-reaching financial impacts. I’ll leave the topic of market volatility to the experts, but there are still plenty of things you can do to stay financially healthy during the current Coronavirus outbreak.
According to the U.S. Department of Agriculture, the average family with two young children can spend around $1,050 on groceries per month. Food and household necessities make up a huge chunk of most military families’ spending plans, so shopping wisely can really make a difference.
Filing income tax forms can be a complicated and somewhat painful process. Gathering documents is a chore. Tax forms can seem confusing to the uninitiated. And military families face additional obstacles at tax time: they may not know about certain military-specific tax provisions that can benefit them, and they are also prey to certain tax schemes that target the military community.
Sometimes deployments come with advance notice, but other times they can be sprung upon military families suddenly. While service members generally go through some pre-deployment processing, family members do not. Here are some tips for preparing for a deployment.