Financial Tips for Military Families


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We host a #CreditChat on Twitter and YouTube every Wednesday at 3 p.m. ET. This week, we had an opportunity to chat with MilitaryMoney, Better Business Bureau, Military Line, Military Saves, Veterans United, Jeff Rose – Soldier of Finance, and Joseph Montanaro – USAA.
You can view the video and read all tweets here:

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Financial Tips for Military Families

  1. 1. Financial Tips for Military Families Wednesday | 3 p.m. ET #CreditChat
  2. 2. Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we discussed how to manage money while in the military.“ Check out all the resources and tips shared:
  3. 3. What financial challenges do military families struggle with? Wednesdays | 3 p.m. ET #CreditChat
  4. 4. Staying on top of day to day finances #CreditChat while on mission or deployed. MILITARY FAMILY CHALLENGES Tweet by @jjeffrose
  5. 5. Many challenges same as civilians; unique ones #CreditChat Tweet by @veteransunited (deployment, PCS, frequent relocation) can take a toll. MILITARY FAMILY CHALLENGES
  6. 6. Challenges for military spouses to find employment #CreditChat can make financial options more limited. Tweet by @BBB_MiLine
  7. 7. Uncertainty in future military benefits: uncertainty in military lifestyle; military spouse employment Tweet by @MilitarySaves #CreditChat
  8. 8. Stress inhibits planning and stimulates emotional spending, which can be dangerous. Tweet by @militarymoney #CreditChat
  9. 9. Military families struggle with constant relocation, #CreditChat managing revolving accounts from outside U.S. and preparing for transition. Tweet by @iGrad
  10. 10. Any advice on how military families can save money during relocation? Wednesdays | 3 p.m. ET #CreditChat
  11. 11. Keeping material possessions to a minimum when you know you’ll be moving around a lot certainly helps. Tweet by @magnify_money #CreditChat
  12. 12. Successful families rent or purchase and have Tweet by @militarymoney basic allowance for housing (BAH) left over.
  13. 13. Spouses can highlight unique skills gained in military life on their resume: flexibility, diversity & stress management Tweet by @veteransunited #CreditChat
  14. 14. There are many decisions to make with any move. Whether to live on/off base. Whether to rent/purchase. Tweet by @militarymoney #CreditChat
  15. 15. What are ways to track money and pay bills when deployed overseas? Wednesdays | 3 p.m. ET #CreditChat
  16. 16. attempt to eliminate as much expenses as possible. Tweet by @militarymoney #CreditChat Before leaving for deployment,
  17. 17. have access and knowledge of accounts and bills. #CreditChat For married couples, make sure both spouses Tweet by @militarysaves
  18. 18. cell phone, cable, etc. #CreditChat Consider suspending your auto insurance, Tweet by @militarysaves
  19. 19. #CreditChat Tweet by @magnify_money are a simple way to handle bills, as long as overdraft isn’t a concern. Online banks like @USAA are great! Automatic payments
  20. 20. can monitor bills and your credit while deployed. #CreditChat Find a battle buddy that you trust that Tweet by @jjeffrose
  21. 21. What sorts of discounts and financial benefits can military families get? Wednesdays | 3 p.m. ET #CreditChat
  22. 22. military discounts. Always, always ask before you buy. The sky is the limit when it comes to Tweet by @InChargeDotOrg
  23. 23. pay to your bank for your checking account. You can get a discount on fees you Tweet by @militarymoney #CreditChat
  24. 24. What should military families know about VA loans? How do you qualify? Wednesdays | 3 p.m. ET #CreditChat
  25. 25. competitive rates, flexible and forgiving requirements! There’s $0 down, no mortgage insurance, Tweet by @veteransunited #CreditChat VA LOAN BENEFITS
  26. 26. such as no prepayment penalty. VA loans offer some really great protections Tweet by @militarymoney VA LOAN BENEFITS
  27. 27. Where can military families go to get financial help? Wednesdays | 3 p.m. ET #CreditChat
  28. 28. they should start with a CFP. If military members need a financial planner Tweet by @jjeffrose #CreditChat
  29. 29. Credit counseling and budgeting is free. If debt is your issue, call a non-profit credit counseling agency. #CreditChat Tweet by @militarymoney
  30. 30. Check out all the resources and tips shared: #CreditChat Wednesdays | 3 p.m. ET
  31. 31. Join Us Every Wednesday at 3 p.m. ET. #CreditChat Wednesdays | 3 p.m. ET
  32. 32. Subscribe & Check Out:
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