Gaining more control over your finances is a good New Year's resolution. The first thing to do to avoid financial disasters is to have a strategy for your finances. Another technique is to save 10 percent of your paycheck and place it in an account you cannot touch until you retire. An excellent account for servicemembers is the Thrift Savings Plan (TSP) where you do not pay federal income taxes on your contributions or earnings until you withdraw the money. You should also know how much is deposited in your bank account(s) every pay period. Finally, set up a fund for emergencies. For more financial planning information, visit the Personal Finance Scorecard and Check-up.
To learn more about personal finances, visit the Military.com Finance Center.
Current Issue
- Featured Job: Protecting America
- The New GI Bill - What's in it for you?
- Continued Health Care Benefit Program
- Reimbursement Rates Remain Stable
- Exchanges Offer Back-to-School Savings
- Ohio Offers In-State Tuition
- Alaska Sea Services Scholarship
- Beware of E-mail Scams
- Preparing for a Disaster
- House OKs Benefits for 'Sole Survivors'
- 'That Guy' Featured at Food Courts
- Deal of the Week: BEST MILITARY DISCOUNT from any car company
- Exclusive Event for Military Spouses in Norfolk, VA
- GI Bill Rate Increase Available Now
- The Case for Becoming an Army JAG
- TRICARE for Students
- Website Offers Commanders Information
- More Schools Offer Vets Tuition Discount
- 'VA Retro Pay' Review Set
- Working Out the New GI Bill Details
- Agent Orange Bill Introduced
- Marine Corps Sponsors Conference
- Marine Corps Unveils Documents
- Scholarship Program Seeks Applicants
- Program Provides Path to Academy
- Sales Coming in September
- Program Enables Army Recruits Earn GED
