I love this time of year.
First of all, it’s hot. And I like the heat. Maybe that’s why I call San Antonio home. But summer also means baseball, vacations and the granddaddy of all birthday parties, Independence Day.
Free Yourself From Oppressive Debt
Is there a tyrannical ruler in your life? For many, that dictator is money — or more accurately, debt. Credit card bills, student loans or medical expenses can make you feel like you don’t control your own destiny. Take charge of your finances and provide guards to your future security. How? Create a budget. Use prudence to limit your spending and “find” money to pay off debt by cutting back or cutting out. Let everyone in your household have a voice about your financial goals, and convene regularly for money talks.
Use Revolutionary Tools and Apps
Mobile devices put an unbelievable amount of financial information in the palm of your hand. Whether you’re budgeting, receiving reminders to stay on track, reviewing your portfolio, calculating where you stand with your goals or researching your insurance needs, take advantage of the information, tools, calculators and reviews at hand.
All Investments Are Not Created Equal
Millennials are showing a tendency to save rather than invest, but that could mean their financial plan is incomplete. When you’re only putting money away for long-term goals in savings vehicles, you risk losing ground to inflation. The U.S. Treasury’s I Bonds address that risk by providing a guaranteed return that is based, in part, on inflation. Check out these bonds and make sure your investments are aligned with your long-term goals.
One Truth That’s Self-Evident: A PCS Is Hard
Thomas Jefferson, Benjamin Franklin, John Adams — they knew starting over would not be easy. But they took the opportunity to reinvent the country and ran with it. It was a chance to set things right. A PCS gives you that same opportunity. But, like establishing a new nation, it requires a well-thought-out plan and some discipline. Use it as a reset button for your finances and start making choices with an eye on the long-term financial freedom.
Capitalize On The Resources At Home
The government of this great United States of America offers you free access to one-on-one financial counseling and classes on your installation’s military and family support center. Accept this providence and use it to your benefit. Military OneSource offers the same, and having access to help is definitely something that will let you pursue more happiness.
Make your move towards financial independence today.