May 1, 2017

ABA: 6 Financial Tips for Service Members and Their Families

WASHINGTON — As National Military Appreciation Month begins, we are reminded of the many sacrifices that service members and their families make to protect our nation.  In honor of their service, the American Bankers Association has highlighted six financial tips to help military families reduce the stress of managing money.
“Finances are often identified by service members and their families as one of their most significant stressors – even more than deployments and personal relationships,” said Corey Carlisle, executive director of the ABA Foundation. “Financial concerns at home make it extremely difficult for service members to focus on the mission at hand. Planning ahead as much as possible is key for the millions of military families who face unique financial challenges like deployments and relocations.”
ABA offers the following financial tips for service members and their families:
The Consumer Financial Protection Bureau also provides tips and resources for service members at consumerfinance.gov/servicemembers. For more consumer tips and resources from ABA on a variety of personal finance topics such as mortgages, credit cards, protecting your identity and saving for college, visit aba.com/Consumers.
This post was originally published here.