deploymentPreparing for and dealing with a deployment is hard. If you are a service member, or if you are a spouse going through a deployment, trying to save money during deployment can be a daunting and critical task to take on.

However, there are ways to cut costs, save money, and still pay your bills on time. Here are a few tips to help you save money during deployment.

Servicemembers Civil Relief Act

If you aren't familiar with it yet, the Servicemembers Civil Relief Act gives legal rights to anyone being deployed and also extends some coverage to the spouse and family members of the service member. This is a big deal if you are trying to save money during deployment. Instead of paying bills you aren't using (like car insurance, phone bills, etc.) you can pause these contracts, or may be able to break them altogether.

Save Deployment Pay

There are many different ways that a service member can receive pay while deployed. Sometimes, you may qualify for additional compensation as well (based on the type of deployment and if the service member has a spouse/dependents).

There are times where deployment pay may be lower than traditional paychecks. However, if you find yourself earning more during deployment, throw the extra money into a savings account that you can't easily touch unless for an emergency. This will allow you to save money during deployment without losing out on too much income. ...continue reading

spend less drivingAs kids, we’ve always dreamed of growing up into the cool adult with the nice car. We soon discover that dream cars are a dream for a reason: they are expensive. Now, you’re all grown up and still dreaming of that vehicle. But a car lease may be your solution.

How to get a car

These days, it is so easy to get a new car. If you’re looking for a used one, there’s plenty of online sellers who can give you a good deal for one. But the risks is that you don’t know what they did to the car or if anything is wrong with it.

That’s why others opt to get a car loan, wherein a bank or a finance company pays for the car, and the buyer makes the monthly payments. And of course, the car lease.

The car lease is the most enticing of it all because it guarantees a working vehicle for a fraction of the cost compared to car loans. But is it for you? Here are a few pros and cons of leasing that can help you decide if you should take a loan or a lease. ...continue reading

parenting“Do what I say and not what I do” is something too many kids can hear when growing up. And if not in those words, then in their parents’ actions.

Speeding, swearing, not exercising and poor money habits are bad examples that parents can set without realizing it.

Some parenting “fails” teach children about money — but in bad way. Here are some parenting “fails” that parents can turn around to teach their children about money:

Bad parenting impulse buys

Some impulse purchases can be fun. An ice cream treat after a tough week at school or a movie out as a way to break up the monotony of staying home too many nights can be  worthwhile motivators for kids to do better in school or at least be a fun break.

But if you can’t afford them, or spend too much on an expensive impulse buy — such as the latest technological gadget that you’ve coveted for months — then it can show a lack of restraint in how you shop.

Even small impulse buys, if made often, can show your child that it’s OK to buy something without giving it much thought and that you get what you want. But small purchases add up, and a better lesson would be to give up such purchases and put that money aside in a vacation fund for the whole family to enjoy the benefits of giving up short-term joys for long-term planning of a family vacation.

Every parent has probably had their child ask for a candy bar or something while waiting at the grocery checkout line. Telling them no can be difficult, but it beats raising a child who thinks they’re entitled to everything they see. ...continue reading