FEBRUARY 14, 2023 - Whether you're still on active duty, in the reserves, or have separated from a stint in the armed services, it's important to keep current with all the financial and tax-related information that directly affects your life. The good news is that there are several excellent, no-cost resources from the US government that can help in this regard. However, it's … [Read more...]
Military Budgeting: Best Practices for Financial Success
FEBRUARY 9, 2023 - The topic of budgeting can be daunting, especially for military servicemembers and veterans. Discussing finances can evoke feelings of anxiety and uncertainty, leading to more questions than answers. While times can certainly be tough, maintaining a healthy relationship with money starts with implementing and sticking to a budget. It’s important to … [Read more...]
The Importance of Financial Literacy For Military Personnel
Everyone should be financially literate, as the only way to navigate adult life effectively and avoid making mistakes with your money is through getting educated on this often overlooked topic. This is particularly important for people in the military at the moment, or veterans who have returned to civilian life. To reinforce this point, stick with us as we look at some of … [Read more...]
Navy Reduces Administrative Pay Burdens
DECEMBER 6, 2022 - Working to reduce the administrative burden on Sailors and Command Pay and Personnel Administrators (CPPA) when submitting pay and entitlements paperwork, the Navy established a Key Supporting Documents (KSD) Working Group. The working group was comprised of representatives from U.S. Fleet Forces; U.S. Pacific Fleet; director of the Resource Management … [Read more...]
DOD Increases Basic Allowance for Housing Rates
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...]