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Rock Island Arsenal holds Military Retiree Appreciation Day

The Davenport Fire Department will kick off Fire Prevention Week with open houses at the fire stations on Saturday.

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4 Tips for Saving Money While in the Military

Members of the military have access to special savings opportunities, but they don't always make the most of these benefits. It can seem difficult to afford to set money aside for the future when...

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Top Money Moves All Military Families Need To Make

Top Money Moves All Military Families Need To Make
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Financial Tips for New Military Members and Retired Military Members

Financial Tips for New Military Members and Retired Military Members
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4 Tips for Saving Money While in the Military

4 Tips for Saving Money While in the Military
GOBankingRates
3 hrs ago
© Geber86 / Getty Images
Close up of a father coming home after being deployed.
Members of the military have access to special savings opportunities, but they don’t always make the most of these benefits. It can seem difficult to afford to set money aside for the future when you’re focusing on paying your regular bills and dealing with extra challenges like frequent moves and deployments. But even if you start small and save regularly, your savings can grow significantly over the long run and make a big difference in your financial future — especially when you get tax benefits and matching contributions. Here’s how to get started.

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4 Ways to Increase Your Financial Literacy

4 Ways to Increase Your Financial Literacy
From reading to listening to following experts in the field, you can increase your financial literacy with these tips. (Stock photo)
Being prepared for the unexpected is part of military life, but many military families are financially unprepared for a variety of reasons. In the 2020 Military Family Life Survey, 77% of military families reported paying over $200 per month in out-of-pocket housing expenses. In the 2019 Military Saves Saver Survey, over half (57%) of those surveyed said, "Unexpected expenses are the biggest challenge to saving."
But knowing you're supposed to save and doing it are two different things, with a lot of obstacles involved that may be out of your control. And once you save, do you know what to do next? By taking some time to increase your financial literacy, you'll know what steps to take when you are ready.

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