When living the military lifestyle, you just accept that there will be many things you can’t control. One thing you can control? How you spend and how you save. While that may look different every time you PCS to a new duty station, having a spending and savings plan (aka a budget) in place is so important.
We’ve created an easy to use, but thorough, Spending and Saving Plan tool to use. Before you get started, here are some tips to help you #ThinkLikeASaver, ensuring that your money is working smarter and harder for you.
The 1.3 million Uniformed Services participants in the Thrift Savings Plan (TSP) are about to get more choices when it comes to investing their money. Starting July 1, 2020, there will be a total of ten Lifecycle Funds, bringing the number of fund choices up to 15.
Homeownership is often seen as the ultimate American dream, but should military families pursue this goal when they are moving to a new area for just a few years?
For years, Military Saves has been advocating that savers should have a plan for their money. The stimulus check (technically called the Economic Impact Payment) that many Americans are receiving right now is no different. But these are turbulent times, and we are in uncharted waters. Before you make any decisions about spending, you should consider these points.
Have You Lost Income Because of the Coronavirus? Five Things You Can Do Right Now to Reduce Your Expenses
Even though service members still have a steady paycheck, military families may have experienced loss of income or increased expenses due to the halt on permanent change of station moves and quarantine requirements. Here are some things you can do if you have lost income because of the current pandemic.