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...]
2023 CONUS COLA Rates Released
DECEMBER 27, 2022 - The Defense Department released the 2023 Continental United States Cost-of-Living Allowance (CONUS COLA) rates, which take effect Jan. 1, 2023. In 2023, $8 million will be paid to approximately 5,000 service members stationed within CONUS. CONUS COLA is a supplemental allowance designed to help offset higher prices in the highest-cost locations in CONUS … [Read more...]
5 Ways Military Parents Pay for College
DECEMBER 23, 2022 - Future college students who want an effective way to cover some or all of their educational expenses should think military. That's because there are several ways to get the armed services to foot at least a portion of a college, grad school, or Ph.D. degree. The good news is that there are multiple approaches for getting cash, stipends, scholarships, and … [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...]