OCTOBER 20, 2022 – In a memo on the subject “Taking Care of Our Service Members and Families,” Secretary of Defense Lloyd J. Austin III directed that basic allowance for housing be increased for active-duty service members assigned in the 28 military housing areas where the average rental housing costs have increased more than 20% over the current BAH rates. This is an … [Read more...]
Tips for Putting Multiple Kids Through College
OCTOBER 19, 2022 - For most of us, putting one child through college – let alone two – is much more than a notion. It involves a lot of planning, saving, and tons of sweat equity. And that’s not counting all the other, intangible ways you’ll need to be supportive over the next four years. But if you have two offspring going to college at the same time? As the saying goes, … [Read more...]
Thrift Savings Plan Lets You Pay Yourself First
OCTOBER 5, 2022 - “Pay yourself first.” I don’t recall when it was that I first heard – or perhaps read – that simple bit of financial wisdom. But I do know it was sometime way back in my younger days, and that it sure sounded right – like something that I really ought to try to do. There was no Google back then, but if you enter the phrase “Pay yourself first” in your … [Read more...]
Loan Forgiveness Waiver Nearing End
SEPTEMBER 22, 2022 - Defense Department personnel with student loan debt might be able to benefit from temporary changes made to the Public Service Loan Forgiveness program. The Limited PSLF Waiver allows borrowers to receive credit for past periods of repayment, making it easier to have their loans forgiven. Those who have not already applied for this waiver must submit … [Read more...]
Military Consumer Month Focuses on Financial Literacy
JULY 29, 2022 – With inflation soaring in the U.S. and elsewhere, many among the military community, including reservists and veterans, are struggling to make financial ends meet and are in need of a good battle plan to beat their budget foes. Anyone in such a predicament would do well to employ the Department of Defense weapon system at their disposal – namely the Financial … [Read more...]