The Mistake Made by ALL Ranks

The Mistake Made by ALL Ranks

by | Apr 27, 2015 | Financial Counseling, Taxes

Financial goals and missteps often vary based on a service member’s age and rank. Younger troops are typically more focused on budgeting and day-to-day spending habits to improve cash flow and avoid overspending.   More seasoned troops tend to focus on debt...
Understanding the Commissary Surcharge

Understanding the Commissary Surcharge

by | Apr 17, 2015 | Financial Counseling

Have you been to the commissary lately and noticed you paid a “surcharge”? Well, there it is, written in bold letters at the bottom of the receipt…and I finally noticed it! I spent about $200 at the commissary and my surcharge totaled $10. Like me, you’re...
How Senior Enlisted and Officers Can Benefit From the EITC

How Senior Enlisted and Officers Can Benefit From the EITC

by | Mar 22, 2015 | Taxes

The Earned Income Tax Credit (EITC or EIC) is a monetary benefit given to certain lower-income, working taxpayers when filing their tax return.   Some military senior enlisted and officers – who wouldn’t qualify for this refundable tax credit under normal...
Too Many, Too Late

Too Many, Too Late

by | Feb 20, 2015 | Financial Counseling

Several years ago, I received a call from “Bank of America” asking me to update my account information. Thinking nothing of it, I entered my social security number, account number and address using the link provided. The next day, $500 was taken out of my account!...