Guard members who may need assistance with financial matters can visit personal financial counselors who are available at many military installations and offer no-cost services to Guard members and their families. The personal financial counselors offer tax planning, debt repayment options and general consumer awareness as well as referrals if more specialized assistance is needed. As Guard members progress in their careers, they can try to live at a pay grade below their current one -- a move that would allow greater 'wiggle room' for financial planning and budgeting. For more information on resources in their area, Guard members can contact Military OneSource at 1-800-342-9647 or visit the Military OneSource website.
For more personal finance tips, visit the Military.com Money section and Paycheck Chronicles.
