Banking and Savings Most Popular Articles

  • UsingATMs
    Top Five Military Banks and Credit Unions|
    If you're in the military or are a veteran and are looking for a bank, this list is for you.
  • Saving. Getty Images
    5 Strategies to Pay for College Today|
    To help streamline your college banking and find the cash to pay for an education in today's economy, here are five methods and...
  • ATM
    10 Best Military Banks of 2015|
    A study investigated more than 30 military banks and credit unions, and came up with this top 10 list.
  • 70 ways to save money
    70 Easy Ways to Save Money
    Jeff Rose
    Here are 70 ways you can save money in the four biggest budget categories: food, transportation, housing, and health.
  • Pros and Cons of Online Banking
    Consumers view online banking as a quick way to pay bills and check their finances. However there are a few drawbacks to online...

How Military Service Strengthens Your Financial Fitness

military man working out

The values and principles you've learned and upheld as a servicemember translate readily to civilian life, particularly when it comes to your finances. Here's how to apply some of those skills to pursue lifelong financial success.

Commitment. Improving your finances takes commitment, and there's no better time to start than now. Decide on your goals, such as getting out of debt, saving for a new home or a down payment on a car, paying for higher education and putting aside money for retirement. Then work on a plan to get there.

Discipline. Creating a budget or spending plan, saving regularly and living within your means takes discipline. You may be tempted by an impulse purchase, the latest electronic gadget or a high-end handbag. But if you keep your long-term goals in mind, you can resist and stay on track.

Resourcefulness. In the military, you may have experienced times of stress when you had to remain calm and think through your options. If you have an unexpected financial setback, such as uncovered medical bills, major car repair or job loss, that resourcefulness can help you manage until you get back on your feet. Having an emergency savings account is your first line of defense. However, you may need to take out a short-term loan, find an additional source of income or cut back on expenses temporarily.

Teamwork. Much of what you need to do to succeed financially rests squarely on your own shoulders. However, teamwork also comes into play, just as it does when you rely on your buddies in the military for support. If you have a spouse or partner, be sure you're on the same page about your financial goals. If you need professional financial help, don't hesitate to contact a financial advisor.

Military News App by

Download the new News App for Android on Google Play or for Apple devices on iTunes!

Featured VA Loan Articles