Editor’s note: The following commentary was contributed by Mike Saunders, Director of Military and Consumer Policy at the nonprofit group Veterans Education Success. The content may be edited for clarity, style and length. Hundreds of thousands of veterans, service members and their families have student loans. But most of us have no idea how much help […]
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The Medal of Honor (MoH) is the highest military medal a service member can earn. Created in the wake of the Civil War, the Medal of Honor is awarded to those who risk their lives above and beyond the call of duty in “actual combat” against an armed enemy of the United States. There is […]
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Life insurance may be one of the most important investments you will ever make, and it is a key decision during a military transition. But before researching types that exist, you first need to answer the question: do I really need life insurance? Retired Army Colonel Carlos Perez, Treasurer at AAFMAA, says the answer is pretty […]
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We’re more than a month into the new year, and you may need to revive and refresh that resolution, especially if it has to do with money. Dealing with money isn’t easy, especially if you’re trying to beat down debt. Sometimes military life brings situations that could result in piling on debt — extra expenses from a PCS […]
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A new program launched in February to assist Army families with the out-of-pocket expenses associated with child care. The Army Emergency Relief Child Care Assistance Program is part of a larger effort by Secretary Mark Esper to address a trending challenge facing soldiers. The intent is to provide assistance to those Army families who recently PCS’ed to a high cost area. The […]
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Four years ago, my husband and I PCS’d for the…’I-don’t-even-know-which’ time. We were newly married, and I had to quit my job to move across the country, but our money situation was alright. However, after 6 months of bad luck in the job hunt, I decided to go back to school. I started looking for […]
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Whether it is by necessity or by choice, military families often live off only one income. A recent survey by the Department of the Defense found that 24 percent of military spouses were unemployed while the national unemployment average at that time hovered around 4 percent. Frequent moves, the military lifestyle, and parenthood all contribute to this […]
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Editor’s note: The following article was contributed by CentSai. The content may be edited for clarity, style and length. Find more at https://centsai.com/learn/. Transitioning out of the military can be tough on some service members’ bank accounts. But a careful approach to finances can make a world of difference. When we purchase an item, we know why […]
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If you looking forward to buy a home with your VA home loan, you might want to check with the borrowers first to see if your credit score is at par or not to qualify for the mortgage. While it is an exciting moment for many to finally realize the dream of having your own […]
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The government does not lend you money to buy a home when you get a loan through the Department of Veterans Affairs. Instead, the government guarantees your loan so your lender can give you a lower interest rate and relaxed borrowing terms. For many vets, a VA mortgage can generate thousands of dollars in savings […]
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