Avoid These Money Mistakes, MilSpouse!

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“Do you have a plan for the most recent pay raise – the 2.6 percent increase – that happened in January?” asked JJ Montanaro, USAA Financial Planner, in his recent Blue Star Families Networks Live! On Demand interview.

Wait, what raise?!

Sometimes as military family members, we miss important memos because our spouses aren’t the best at keeping us informed. So, it’s up to us to educate ourselves about the things that matter – like money!

Here’s the deal in case you missed it.

Congress and President Trump approved a military pay raise of 2.6 percent (our highest increase in nine years!) which took effect on January 1, 2019. With this good news in mind, Montanaro joined BSF to share a few ways you and your spouse can grow your wealth.

Check out his advice in the live interview below. He breaks down six common money mistakes service members and their families make and explains how to avoid them. Watch and learn now:

Our partners at USAA have joined Blue Star Families to bring an interactive webinar on military money mistakes and how to avoid them. We cover:- Steps to avoid money trouble.- Emergency Funds- Overspending- Using Credit Properly- What to do with a bonus/ re-enlistment bonus. – Vehicle Affordability-Special military tax considerations-Leveraging unique military money opportunitiesAnd much more! Have questions? Sent them to Liz Jones at ljones@bluestarfam.org www.usaa.com/financialtoolsWe want to know what you think! If you watched the webinar, please take a moment to complete this short survey. https://www.getfeedback.com/r/MeOgF96F

Posted by Blue Star Families on Tuesday, January 15, 2019

 

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Michele Bradfield