MILSPOUSE
One of life’s certainties is that it is uncertain, right? Life throws curveballs in the form of unforeseen circumstances, which often bring unexpected expenses. A lost job, vehicle or home repair, health costs, or emergency travel are a few examples. When these events occur, they can create havoc for a family’s financial stability. However, planning…
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Reimbursement for Relicensing & Certification Fees for Military Spouses The Department of Defense (DoD) recognizes the challenges many military spouses face maintaining a career while moving every few years. So, it introduced the 2018 National Defense Authorization Act, which allows each branch of service to reimburse up to $500 for qualified relicensing or certification fees…
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Back to School on a Budget It’s back to school time! And while parents may be breathing a collective sigh of relief, it might be a different story when it comes to their wallets. According to a survey by the National Retail Federation, families with school-age children will spend an average of $696.70 this year…
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Post-9/11 GI Bill Transferability Rules Significant changes were made to the transferability rules for the Post-9/11 GI Bill, which were to become effective in July 2019. However, the Pentagon recently delayed these changes until Jan. 12, 2020. It is important to act now if these changes impact you and your family. Transfer Post-9/11 GI Bill…
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As military spouses, we know firsthand how challenging it can be to stay competitive in the workforce. Staying competitive could mean we juggle completing a degree, training or license while taking care of our families. Periodic moves followed by job searches in new locations often complicate our career goals. Money for Professional Pursuits Fortunately, the…
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The Post-9/11 GI Bill is a great benefit for service members and their families to help pay for college, a certification, or other types of training. The active duty or selected reserve service member must transfer GI Bill benefits to his or her spouse and/or dependents while actively serving. New rules go into effect January…
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May 10, 2019 May 10 is Military Spouse Appreciation Day. So, this month, MilSpouse Money Mission™ is honoring military spouses for their service and sacrifice at home with the top 10 reasons to love and appreciate military spouses. Military spouses keep their families moving in the right direction. On average, military families move every two…
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The Blended Retirement System: By now, many military spouses have heard a great deal about the new Blended Retirement System, also called BRS. This system went into effect Jan. 1, 2018. It is important to know that it does not affect everyone the same way. Even if the BRS does not apply to you directly,…
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Post Deployment Reunion: Reuniting your family following a deployment is an exciting time. You are busy catching up with family and friends, going out and getting back into the swing of things. Odds are, you have noticed many changes, and one is likely your finances. Notably, your spouse’s pay has probably gone down and your…
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Handling the myriad of activities leading to a deployment is daunting! You may find yourself juggling necessary household tasks, dealing with emotional stress, and managing financial changes because of the change. Here are five key financial planning actions to take before your spouse deploys. Communicate About Your Finances Make sure you are on the same…
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