Weekend Wrap-up: Military Personal Finance Articles You Should Read (10/7-10/13)

Military in Transition's Weekend WrapupI hope you enjoy this week’s version of the Weekend Wrap-up! Below are four of the top articles that I’ve read this week from our military financial blogger community. So, without further ado, here are this week’s articles:

  1. How Military Members Can Get Out of a Cell Phone Contract  In this Military Wallet article, Ryan Guina discusses some of the military-unique aspects of a cell phone contract that may allow you to terminate that contract while avoiding early termination fees.  This is particularly important if you’re in the middle of a PCS or if you’re looking to relocate as you transition from active service.
  2. $10,000 and 1 Year With Betterment  In this Military Money Manual article, Spencer talks about his first year of DIY investing with Betterment.  Betterment is one of several prominent ‘robo-advisors’ providing low-cost asset allocation investing platforms for DIY investors.  If you don’t feel like you need to work with a financial planner, you don’t have to.  Check out out Spencer’s article and decide for yourself if Betterment is a good choice for you.
  3. MyCAA:  College Money For Military Spouses In the first of two Paycheck Chronicles articles, Kate Horrell discusses the benefits of MyCAA.  MyCAA is a little known DoD program that provides financial aid to junior enlisted and junior officer spouses.  If you’re a spouse looking to go back to school or take a certification exam, you should check out Kate’s MyCAA article.
  4. Leaving the Military:  Prepare for the Eventualities: In this Paycheck Chronicles article, JJ Montanaro talks about some of the things you should do as you look to transition from the military.  It’s a worthwhile read, as it covers the basic concepts you should focus on as you look to transition.  If this article piqued your interest, and you’re looking for a systematic approach to tacking your financial concerns, check out the 30-Day Financial Transition Challenge.  It’s free, and you should come out of it with a better grasp of how to address your questions and concerns.

Also, if you missed it, below is this week’s article.

State Government Veteran Website Links (By State) This isn’t an article so much as it’s a resource page.  If you’re looking at multiple states and trying to compare veteran’s benefits, this web page puts most of the major links on one page.  Feel free to check it out, and if I’m missing a link, please put it in the comments section…I promise to update the page with relevant, useful links!

If there’s an article that I missed, please feel free to post a note in the comments section below.  Also, if there’s anything I can help you with, feel free to email me or join the Military In Transition Facebook Group!

About Forrest Baumhover

Forrest Baumhover is a Certified Financial Planner™ and tax professional. His firm, Westchase Financial Planning, focuses on the unique financial planning needs of servicemembers and families looking to separate or retire from active duty.If you’d like to learn more about Forrest or his services, please check out the About Forrest page at the top of this article.
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