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We host a #CreditChat on Twitter and YouTube every Wednesday at 3 p.m. ET. This week, we had an opportunity to chat with MilitaryMoney, Better Business Bureau, Military Line, Military Saves, Veterans United, Jeff Rose – Soldier of Finance, and Joseph Montanaro – USAA. You can view the video and read all tweets here: http://www.experian.com/blogs/news/about/military-money/
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Financial Tips for Military Families
Wednesday | 3 p.m. ET#CreditChat
Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we discussed how to manage money while in the military.“Check out all the resources and tips shared:
bit.ly/military-finances
What financial challenges do military families struggle with?
Wednesdays | 3 p.m. ET#CreditChat
Staying on top of day to day finances
#CreditChat
while on mission or deployed.
MILITARY FAMILY CHALLENGES
Tweet by @jjeffrose
Many challenges same as civilians; unique ones
#CreditChat
Tweet by @veteransunited
(deployment, PCS, frequent relocation) can take a toll.
MILITARY FAMILY CHALLENGES
Challenges for military spouses to find employment
#CreditChat
can make financial options more limited. Tweet by @BBB_MiLine
Uncertainty in future military benefits:uncertainty in military lifestyle; military spouse employment
Tweet by @MilitarySaves
#CreditChat
Stress inhibits planning and stimulatesemotional spending, which can be dangerous.
Tweet by @militarymoney
#CreditChat
Military families struggle with constant relocation,
#CreditChat
managing revolving accounts from outside U.S. and preparing for transition. Tweet by @iGrad
Any advice on how military familiescan save money during relocation?
Wednesdays | 3 p.m. ET#CreditChat
Keeping material possessions to a minimum when you know you’ll be moving around a lot certainly helps.
Tweet by @magnify_money
#CreditChat
Successful families rent or purchase and have
Tweet by @militarymoneybasic allowance for housing (BAH) left over.
Spouses can highlight unique skills gained in military lifeon their resume: flexibility, diversity & stress management
Tweet by @veteransunited
#CreditChat
There are many decisions to make with any move.Whether to live on/off base. Whether to rent/purchase.
Tweet by @militarymoney
#CreditChat
What are ways to track money and pay billswhen deployed overseas?
Wednesdays | 3 p.m. ET#CreditChat
attempt to eliminate as much expenses as possible. Tweet by @militarymoney
#CreditChat
Before leaving for deployment,
have access and knowledge of accounts and bills.
#CreditChat
For married couples, make sure both spouses
Tweet by @militarysaves
cell phone, cable, etc.
#CreditChat
Consider suspending your auto insurance,
Tweet by @militarysaves
#CreditChat
Tweet by @magnify_money
are a simple way to handle bills, as long as overdraft isn’t a concern.Online banks like @USAA are great! Automatic payments
can monitor bills and your credit while deployed.
#CreditChat
Find a battle buddy that you trust that
Tweet by @jjeffrose
What sorts of discounts and financialbenefits can military families get?
Wednesdays | 3 p.m. ET#CreditChat
military discounts. Always, always ask before you buy.The sky is the limit when it comes to
Tweet by @InChargeDotOrg
pay to your bank for your checking account.You can get a discount on fees you
Tweet by @militarymoney
#CreditChat
What should military families knowabout VA loans? How do you qualify?
Wednesdays | 3 p.m. ET#CreditChat
competitive rates, flexible and forgiving requirements!There’s $0 down, no mortgage insurance,
Tweet by @veteransunited
#CreditChat
VA LOAN BENEFITS
such as no prepayment penalty. VA loans offer some really great protections
Tweet by @militarymoney
VA LOAN BENEFITS
Where can military families go to get financial help?
Wednesdays | 3 p.m. ET#CreditChat
they should start with a CFP.If military members need a financial planner
Tweet by @jjeffrose
#CreditChat
Credit counseling and budgeting is free. If debt is your issue, call a non-profit credit counseling agency.
#CreditChat
Tweet by @militarymoney
Check out all the resources and tips shared:
bit.ly/military-finances
#CreditChatWednesdays | 3 p.m. ET
Join Us Every Wednesday at 3 p.m. ET.
bit.ly/join-creditchat
#CreditChatWednesdays | 3 p.m. ET
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