Can You REALLY Afford That Loan?

March 03, 2015 | Kate Horrell

This morning, my kids asked me about how I became interested in money.  There are a couple of reasons, but we got talking about my job in mortgage banking and how I worked with delinquent borrowers … [Read more...]

Another Reason to Check Your LES

March 02, 2015 | Kate Horrell

After the February mid-month Roth Thrift Savings Plan (TSP) snafu, it looked like things would be sorted after the end-of-month pay was disbursed last Friday.  However, it has come to my attention … [Read more...]

Kate Is Clueless: Car Titles

February 26, 2015 | Kate Horrell

In all the conversation about military spouses and taxes and drivers' licenses and such, one topic just baffles me:  why do military families keep the non-military spouse on the titles and … [Read more...]

Check Your Use or Lose Leave Balance

February 20, 2015 | Kate Horrell
Military Leave Balance Calculated INcorrectly

In today's excitement, it has been reported to me that the current use-or-lose balance being listed on Leave and Earnings Statements (LES) is being calculated incorrectly.  And I've got some LES … [Read more...]

27 February 2015 Military Pay

February 20, 2015 | Kate Horrell

The next regular, active duty military payday is Friday, 27 February 2015, because 1 March 2015 falls on a Sunday. When should you expect to see your pay deposited into your account? That depends on … [Read more...]

Tax Filing As A Military Spouse

February 19, 2015 | Kate Horrell
Spouse Taxes Pinterest

Moving around as a military spouse creates all sorts of challenges, especially when it comes time to file your income tax returns.  The biggest question is usually:  where do I file? … [Read more...]

From The Mailbag: Retiree Pay Issues

February 17, 2015 | Kate Horrell

As I've mentioned before, there are some topics that I feel like I talk about over and over and over.  And I worry that this is boring to you.  And then, I get another batch of email asking the same … [Read more...]

Roth TSP? You Were Overpaid Yesterday!

February 14, 2015 | Kate Horrell

If you contribute to a Roth TSP, and diligently made the changes required by the Defense Finance and Accounting Service (DFAS) in January, you got overpaid yesterday (13 February 2015) because DFAS … [Read more...]

Texas Educational Benefits Threatened

February 10, 2015 | Kate Horrell
Texas Veteran Educational Benefits | https://paycheck-chronicles.military.com

A recent court ruling means that many more veterans and family members might now be eligible to use educational benefits provided under the State of Texas' Hazlewood Act, and state lawmakers are … [Read more...]

Participate In A Survey

February 09, 2015 | Kate Horrell

Are you one of those people who likes to answer questions?  Help financial educators understand more about debt.  If you have a few minutes, take this very short, anonymous survey.  The subject is … [Read more...]

13 February 2015 Military Pay

February 06, 2015 | Kate Horrell

Have I mentioned how much I like Friday paydays?  They are so much simpler than some other days!  The next regular, active duty military payday is Friday, 13 February 2015.  Actual date of deposit … [Read more...]

MCRMC Wants To Change Retirement

January 30, 2015 | Kate Horrell

Well, the long-awaited Report of the Military Compensation and Retirement Modernization Commission (MCRMC)  was released yesterday, and it has a lot of interesting stuff in it.  Amy Bushatz is … [Read more...]

Win A Copy of Gold Diggers and Deadbeat Dads

January 29, 2015 | Kate Horrell

You may remember me talking about a website that told stories of people who had their finances wrecked by family members (or friends).  Now, there is a book!  Gold Diggers and Deadbeat Dads is a … [Read more...]

Elizabeth Colegrove, The (Not-So) Reluctant Landlord

January 27, 2015 | Kate Horrell

If you're in the military, and you buy a house, there is a good chance that you might someday find yourself needing to rent out that house.  Learning to be a landlord is hard work, especially if you … [Read more...]