Did you know many credit card companies are going above and beyond their legal obligations under the Service Members Civil Relief Act? Many companies are retroactively lowering interest rates for balances placed AFTER your enlistment! Under the SCRA, 6 percent is the maximum interest rate that can, however, in ...
Over 3.3 million high school students graduated this year, and nearly two-thirds of them started college. Another 1.8 million college students are receiving their bachelor's degrees. Nearly 200,000 of all those young adults will join the military. They also have another new life project: building a credit score. A ...
Is the Army Air Force Mutual Aid Association (AAFMAA), Career Assistance Program Loan (CAP) worth it? I’m going to have to say YES! Back in the day as a young Staff Sergeant I needed some extra cash during a tough financial period. I was introduced to AAFMAA by a fellow Soldier. He informed me that AAFMAA offered an ...
A reader writes: "After seeing a couple of your posts on the Mr. Money Mustache forum I checked out your book from the library and finished it in a day. It was great but I would love your opinion on what to do in my own situation. My spouse is a junior officer. We married nearly six years ago with significant debt. ...
Welcome to the peer-to-peer loan calculator! This blog doesn't talk about debt very much. If you're pushing hard to reach financial independence then you probably left debt in the dust long ago and you're saving at least 20% of your income. However this post is part of a series on P2P lending, and about the ...
Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. This above all: to thine ownself be true, And it must follow, as the night the day, Thou canst not then be false to any man. - Shakespeare, Hamlet I've spent the last couple months ...
We're military veterans, not financial advisors. We're trying to share what we've learned and to pay it forward – but you have to make your own decisions.
What worked for us will probably work for you, but unfortunately, we can’t guarantee it. Let us know if something’s not working for you, and we’ll try to figure out a better way... Continue Reading...
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Doug Nordman