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 โ Soldier of Finance, and Joseph Montanaro โ USAA.
You can view the video and read all tweets here:
http://www.experian.com/blogs/news/about/military-money/
2. Join our #CreditChat every Wednesday at 3 p.m. ET.
This week, we discussed how to manage money
while in the military.โ
Check out all the resources and tips shared:
bit.ly/military-finances
4. Staying on top of day to day finances
#CreditChat
while on mission or deployed.
MILITARY FAMILY CHALLENGES
Tweet by @jjeffrose
5. Many challenges same as civilians; unique ones
#CreditChat
Tweet by @veteransunited
(deployment, PCS, frequent relocation) can take a toll.
MILITARY FAMILY CHALLENGES
6. Challenges for military spouses to find employment
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can make financial options more limited.
Tweet by @BBB_MiLine
7. Uncertainty in future military benefits:
uncertainty in military lifestyle; military spouse employment
Tweet by @MilitarySaves
#CreditChat
8. Stress inhibits planning and stimulates
emotional spending, which can be dangerous.
Tweet by @militarymoney
#CreditChat
9. Military families struggle with constant relocation,
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managing revolving accounts from outside U.S. and preparing for transition.
Tweet by @iGrad
10. Any advice on how military families
can save money during relocation?
Wednesdays | 3 p.m. ET
#CreditChat
11. Keeping material possessions to a minimum when
you know youโll be moving around a lot certainly helps.
Tweet by @magnify_money
#CreditChat
12. Successful families rent or purchase and have
Tweet by @militarymoney
basic allowance for housing (BAH) left over.
13. Spouses can highlight unique skills gained in military life
on their resume: flexibility, diversity & stress management
Tweet by @veteransunited
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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. What are ways to track money and pay bills
when deployed overseas?
Wednesdays | 3 p.m. ET
#CreditChat
16. attempt to eliminate as much expenses as possible.
Tweet by @militarymoney
#CreditChat
Before leaving for deployment,
17. have access and knowledge of accounts and bills.
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For married couples, make sure both spouses
Tweet by @militarysaves
18. cell phone, cable, etc.
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Consider suspending your auto insurance,
Tweet by @militarysaves
19. #CreditChat
Tweet by @magnify_money
are a simple way to handle bills, as long as overdraft isnโt a concern.
Online banks like @USAA are great! Automatic payments
20. can monitor bills and your credit while deployed.
#CreditChat
Find a battle buddy that you trust that
Tweet by @jjeffrose
21. What sorts of discounts and financial
benefits can military families get?
Wednesdays | 3 p.m. ET
#CreditChat
22. military discounts. Always, always ask before you buy.
The sky is the limit when it comes to
Tweet by @InChargeDotOrg
23. pay to your bank for your checking account.
You can get a discount on fees you
Tweet by @militarymoney
#CreditChat
24. What should military families know
about VA loans? How do you qualify?
Wednesdays | 3 p.m. ET
#CreditChat
25. competitive rates, flexible and forgiving requirements!
Thereโs $0 down, no mortgage insurance,
Tweet by @veteransunited
#CreditChat
VA LOAN BENEFITS
26. such as no prepayment penalty.
VA loans offer some really great protections
Tweet by @militarymoney
VA LOAN BENEFITS
27. Where can military families go
to get financial help?
Wednesdays | 3 p.m. ET
#CreditChat
28. they should start with a CFP.
If military members need a financial planner
Tweet by @jjeffrose
#CreditChat
29. Credit counseling and budgeting is free.
If debt is your issue, call a non-profit credit counseling agency.
#CreditChat
Tweet by @militarymoney
30. Check out all the resources and tips shared:
bit.ly/military-finances
#CreditChat
Wednesdays | 3 p.m. ET
31. Join Us Every Wednesday at 3 p.m. ET.
bit.ly/join-creditchat
#CreditChat
Wednesdays | 3 p.m. ET