Helping Military Members Achieve a Better Financial Future
This category will cover topics like banks and credit unions, savings and checking accounts, simple loans, credit/debit card basics and more. The first few basic finance articles also cover the steps to financial freedom.
Credit reports and credit scores: these two topics are very important for your financial health. Together your credit report (sometimes called credit history) and credit score are a measure of how financially responsible you are. The more responsible you are the easier you can borrow money and get good terms. A prime example is home … Read more Credit Reports
Unless you are Chuck Norris, you probably do need a bank account. A bank account is essentially a requirement in this day and age. It is important to understand some basics of how banks and credit unions operate and what services they provide so you can utilize them to your benefit. In this post we … Read more Banking Basics
Getting out of debt is not easy, but if you don’t keep debt in check it will bury you. Making the decision to reduce your debt is the first step, but the execution part will require a lot of willpower. The good news is that paying off debt is not only good for your financial … Read more How to Get Out of Debt
At present the US household debt stands a little over $12.8 trillion; a pretty staggering number in my opinion. That amounts to $51,000 of debt for every adult in the US; ouch. Bear in mind that household debt is consumer debt; it has nothing to do with the US Government debt. As you can see … Read more Debt
Continuing with the steps to financial freedom today we are going to talk about emergency funds. Nobody can predict the future, so you don’t know when you will need access to emergency funds. I can tell you that almost everyone at some point in their lives will need money for an emergency situation; therefore everyone … Read more Emergency Fund – Why, How and Where
Spending less than you make is absolutely key for financial success; it’s also step 3 in the 7 steps to financial freedom. If you have doubts like Turbo does in the above picture then this post is for you. Financial freedom is not about how much money you make, but how much you save. In … Read more Spend Less Than You Earn
OK, let’s get the negatives out of the way first. Making a budget is not what most would call fun, and it may seem like you are placing restrictions on yourself or your family. I don’t have any good tips on making a budget fun. Truthfully I don’t find them very fun myself, but as … Read more How to Create a Budget
If your finances are like the bin at Walmart you may have a problem. An important part of step 1 in the 7 Steps to Financial Freedom is organizing your finances. It is important to organize your finances so you know what is going on and when it is happening. It is bad to be … Read more Organizing Your Finances
One of the first steps on the road to financial strength and security is to analyze where you are now and then decide where you want to go. Net worth is a grading scale you can use your entire life and it can be used to see your progress over time. Net worth is a … Read more Net Worth
In today’s post I will go over the basic steps to financial freedom. This process is universal and applies whether you stay in the military or not. I am sure some of you have heard this “X steps to financial freedom” speech before, but bear with me. Even though it is basic and mostly common … Read more 7 Steps to Financial Freedom