Preparing 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
Savings. The dreaded term for millions of Americans. Trying to build your savings shouldn’t be dreaded, it should be something that's celebrated!
From childhood, we are urged to save our birthday money, Christmas money, allowance, etc.
Sadly thought, those habits often don’t carry across into adulthood. Many Americans don’t have a savings account, let alone a retirement account (but that’s a whole other post).
If you haven’t started a savings account, go start one! Depending on the account, you can get started with just $5.00.
If you are struggling to build your savings, here are some great ideas to help build your savings account starting today!
Summer festivities are still in full swing, but back to school time is right around the corner.
When you go shopping this time of year, you'll likely notice a change in the atmosphere. Instead of bathing suits and red, white, and blue picnic plates, there are lists, glue, and paper. The stores are stocking up on all of the new pencils, notebook paper, planners, and backpacks. The smell of new pens waiting to be opened, pencils ready to be sharpened, and the feeling of a perfect folder, all shimmery in the plastic – it’s intoxicating.
Childless adults might lament on the passing of time and remember childhood, but luckily, you don’t have to have children to take advantage of all of the back to school sales and specials. Even if you don't have children, here are some ways you can take advantage of back to school sales.
Now is the time to stock up on the basic must haves for your home office! Just because you don’t have children of your own, doesn’t mean you don’t need a fun folder or binder to spice up your office. Also, by taking advantage of these sales you can purchase school supplies and donate them to a local shelter or school program that gives away backpacks full of supplies to those children in need who can’t afford to get their back-to-school basics. This will make your donation dollars stretch further.