For members of the military and their families, the challenges of juggling deployments, frequent moves and the basics of every day life can put a strain on their finances. That’s why McGraw Hill Financial and the Better Business Bureau have teamed up to produce this website and a free app, My Military & Money, which features essential resources and tools to help users make informed decisions about money.
Here are some quick tips for dealing with financial opportunities, challenges and transitions that many military families face.
Download the free My Military & Money app for iOS or Android devices:
Kiplinger Personal Finance for Military Families
The financial experts at Kiplinger have created a resource center that covers a range of topics relevant to today’s military families. You can browse online or download a PDF here.
BBB Military Line®
BBB Military Line® has provided free resources to our military communities in the areas of financial literacy and consumer protection through the efforts of 116 BBBs across the U.S..
Loan Guaranty Service, Home Loan Program
The VA offers a loan program from active duty personnel who have served at least 181 days.
Life Insurance – Department of Veterans Affairs
The VAs insurance programs were developed to provide insurance benefits for veterans and service members who may not be able to get insurance from private companies because of the extra risks involved in military service, or a service connected disability.
Military Saves is a national campaign to persuade, motivate, and encourage military families to save money every month, and to convince leaders and organizations to be aggressive in promoting automatic savings.
Patriot Express (Small Business Administration)
The Small Business Administration’s Express program offers streamlined and expedited loan procedures for particular groups of borrowers, notably active duty military personnel, veterans, and borrowers from distressed communities.
The Post – 9/11 GI Bill
The Post-9/11 GI Bill provides financial support for education and housing to individuals with at least 90 days of aggregate service after September 10, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill.
Paying off your credit card balances every month is like having a short-term loan for free.