Managing Your Money As a New Service Member


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When you join the military, many things will change, including your finances. You may earn more, get special duty pay or have new expenses. You're picking up a lot of new skills, and money management should be one of them. It's your money. Make the most of it by creating a financial plan. Keeping your finances sound is good for your security clearance, your career and your future.

Write a budget for yourself

Good financial management starts with writing a budget. Seek advice from one of the military's no-cost personal financial counselors. If you have a family, gather everyone around the kitchen table to get their input and set priorities. This will give family members a clear view of income and expenses.

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