Everyone knows that your military ID card grants you access to the many services and benefits available on a military installation. But did you know that your military ID also is your ticket to a wide range of opportunities to save money? Think of it as an exclusive membership card to a club that provides discounts worldwide.
But now that you've got it, where can you use it?
Travel And Entertainment
Many military families will tell you about vacations spent visiting family members or sightseeing trips taken as part of a permanent change of station move. But for those times when a vacation is just a vacation, it doesn't have to break the bank. Here are a few tips that can help you save a lot of money:
Military lodges or temporary housing
ITT (Information, Tickets and Tours) office
Do you want to visit the local zoo or amusement park? Maybe you'd like to go to the movies. Before paying full price at the ticket counter, visit the ITT office on your installation. Many ITT or entertainment offices are located near the exchange or in the installation recreation center, and they offer discounted tickets to museums, parks, concerts, movies and more.
Military appreciation days
As a show of appreciation for your service, many amusement parks offer military days that grant free admission or deeply discounted rates. In recent years, for example, Anheuser-Busch theme parks (Sea World, Busch Gardens, Sesame Place) have offered one free admission per year for any military member and up to three dependents. Check the website for the park you plan to visit, or visit your ITT office for special offers.
If you are flexible on the dates you can travel, some military personnel and family members can fly nearly free by traveling "space available," or "Space-A," using seats left on military aircraft after official duty travelers and cargo are accommodated. For information on Space-A travel, visit www.military.com or get a copy of Military Living's Military Space-A Air Travel Guide.
Armed Forces Recreation Center
Armed Forces Recreation Centers (AFRC) are affordable joint service hotels/resorts managed by the U.S. Army to provide vacation opportunities to servicemembers and their families. Centers are located in Hawaii, Florida, Germany and Korea. For information, visit www.armymwr.com/portal/travel/recreationcenters. Additionally, each service branch maintains local recreation areas for military personnel. Information on local retreats can be found on your installation website or ITT office.
Armed Forces Vacation Club
The Armed Forces Vacation Club arranges low military-only rates worldwide at more than 3,500 hotels, resorts and campgrounds; five cruise lines; air fare; rental cars and more. Visit its website at www.afvclub.com.
Military members and their families enjoy access to many financial planning tools for which civilians often must pay. Military personnel cannot focus on their mission if they or their families are saddled with financial troubles, and several services are available to help them:
Free financial counseling
The trained financial counselors at your nearest military installation or National Guard State Family Assistance Center can help you set a budget, establish a savings plan or recommend steps to reduce your debt and guide you on the road to financial stability.
Income tax assistance
Access to credit unions and military banks
Your affiliation with the military allows access to the services of military credit unions and banks. These financial institutions offer their customers favorable rates on checking and savings accounts as well as mortgages and loans.
The growing cost of education is a concern to all those working toward their education goals or preparing for their children's education. Thankfully, servicemembers and their families can take advantage of several resources to help offset the cost:
Free SAT/ACT Software
Through June 2007, a group of players from the National Football League and other pro leagues has extended their sponsorship of $200 SAT/ACT test preparation software to all military families. Instructions for ordering your copy are available through www.militaryhomefront.dod.mil.
March 2 Success
The U.S. Army launched an innovative online, self-paced test preparation course that can boost individual performance on standardized tests by improving math, science and English skills. Provided free to anyone over age 13, March 2 Success is available 24 hours a day, seven days a week. Students may enroll at www.march2success.com by clicking on the registration button.
Servicemembers and often are not residents in the state where they live and thus do not qualify for in-state tuition. Some states recognize this extraordinary circumstance and allow military personnel and family members to pay the lower in-state tuition rate; others do so with some restrictions, while still others require out-of-state tuition. Visit the education section of the National Military Family Association website, www.nmfa.org, or talk with a counselor at your installation education center to determine the rate you will pay.
Military children and spouse scholarships
Many organizations provide scholarships for children or spouses of military members to help ease the cost of a higher education. The Defense Commissary Agency (www.commissaries.com) offers one of the most popular scholarships for children. The American Legion has published "Need a Lift," a guide that lists many of the scholarships eligible to military kids. For spouses, the National Military Family Association offers military spouse scholarships and has created a comprehensive guide and expanded website (www.nmfa.org) with information about other spouse scholarship programs.
You can save a lot of money by using the shopping facilities on the installation, even if you have to drive some distance to get to them. Consider these opportunities for savings:
A family of four can save nearly $3,000 on its yearly grocery bill by shopping at a commissary. Commissaries are mandated by Congress to price the items they sell at no more than five percent over cost, resulting in a substantial savings for servicemembers and their families.
Military exchanges (AAFES, NEX, MCX and CGES) sell various household and clothing items. You do not pay sales taxes at exchanges, and all exchanges offer a price match guarantee for items you might find available for less at another store. Additionally, profits earned by the exchanges support family programs and activities on the installation.
Many businesses, especially those located near military installations, offer discounts to military personnel and their families. Clothing stores, restaurants, child care centers, automotive repair shops, campgrounds and hotels are just a few examples of places where you can find military discounts.
The different military branches offer access and reduced rates to facilities that support a healthy lifestyle. Using these facilities whenever possible can lighten the impact on your wallet.
Child care centers
Tired of paying high membership fees to join a gym? Many military installations boast state-of-the-art gyms, racquetball courts, tennis courts, swimming pools and golf courses for no or low fees to anyone with a military ID card. Also, recreation centers often rent equipment for outdoor activities such as camping and fishing - sometimes even camper trailers, canoes and other large items. Check with the recreation center at your closest military installation.
If you have children who enjoy playing sports such as soccer or basketball or who might enjoy courses in martial arts, check with the installation Youth Sports office. The Youth Sports program offers a variety of affordable instructional and competitive activities that provide kids a quality recreational experience in a safe environment.
This is a broad overview of the many discounts and programs available to military families, but it is just a start. When you arrive at a new duty station, visit your ITT office to ask questions about local programs. Visit your installation website or www.guardfamily.org for updates on new programs and resources. Off-base, find out about military discounts offered by local businesses.
The most important thing is to ask.
Michelle Joyner is Director of Communications for the National Military Family Association (www.nmfa.org). She is married to a Navy Chief and is the daughter of a retired Army officer.
Links To Benefits And Entitlements
BAH rates: https://secureapp2.hqda.pentagon.mil/perdiem
Military pay and benefits: www.dod.mil/militarypay
Military pay and entitlements: www.dod.mil/dfas
DEERS (required for TRICARE eligibility): www.tricare.mil/deers/default.cfm
TRICARE fact sheets: www.tricare.mil/factsheets/browseatoz.cfm
Defense Commissary Agency: www.commissaries.com
Army Air Force Exchange Service: www.aafes.com
Navy Exchange: https://www.navy-nex.com
This article was originally posted on Militarymoney.com
As you probably know, there are a handful of people who write almost exclusively about military families and their money. One of these writers, Rob Aeschbach, is also a Certified Financial Planner™ candidate. I wanted to see what nuggets of wisdom Rob could share, and learn more about how a financial planner can help military […]