Posted on Apr 26, 2017
Veteran Finances: How to Not Get Overwhelmed
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RP Members and Connection another great article by our very own RP Member SSG Eric Burleson
Everyone and their drill sergeant has a solution for you to manage your finances. "Do this course, do that course, make sure you maximize the thing with those people but don't overpay if you are over 40 and have underfunded the other thing you did for the..."
It's easy to get overwhelmed by all this well-meaning advice, especially when you start sitting down and crunching numbers. Forget apples and oranges; comparing different financial plans is like picking between two foreign-looking fruits in a language you don't understand.
Today's post is all about managing those stresses and finding the right people to help you make sense of it all.
Everyone and their drill sergeant has a solution for you to manage your finances. "Do this course, do that course, make sure you maximize the thing with those people but don't overpay if you are over 40 and have underfunded the other thing you did for the..."
It's easy to get overwhelmed by all this well-meaning advice, especially when you start sitting down and crunching numbers. Forget apples and oranges; comparing different financial plans is like picking between two foreign-looking fruits in a language you don't understand.
Today's post is all about managing those stresses and finding the right people to help you make sense of it all.
Veteran Finances: How to Not Get Overwhelmed
Posted from el2.convertkit-mail2.com
Finance
Budget
Stress
Advice
What Would You Do
Edited 7 y ago
Posted >1 y ago
Responses: 15
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The biggest key to finances is living within your means. Maxing out your credit and paying tons of interest is one of the best ways to become financially unstable.
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Col Joseph Lenertz
Great advice. And living within your means does NOT mean paying all your bills and having zero left to save at the end of every month.
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For me...downsizing after a divorce was the best thing to happen to me! Cause me to see that I didn't need as much as I thought and that most things are just attachments. I was a huge weight off my shoulders to not identify with all the stuff I had accumulated. Now I live within my means and live very simply as possibly. It's a helleva lot easier and peaceful that's for sure.
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Jessica Luebke
I agree. I experience this when my family relocated and sold/donated 80% of our home. When we asked our kids which items they absolutely had to keep - all three of them had the same answer, "Hmm, none?" Life immediately became more simple with less stress!
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Lynda Key
Our children were young and couldn't understand why we couldn't buy whatever was wanted. We said we didn't have the money and they said "just go to that machine that gives you money".
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PO1 Kevin Dougherty
LCDR (Join to see) - I can remember those days. As a PO-1 with 3 dependents in the late 70's we actually came within a few dollars of qualifying for food stamps.
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SSG Diane R.
Omg. When the Army went too mandatory direct deposit I knew it was going to be a disaster for some. I kept getting bad check reports from one of my troops and when I discussed the matter with him he told me he thought he was good because he had plenty of checks left over. [Facepalm] Lol
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Donna Brickey
The thing that helped our family the most was when we went through a really tough financial spell and got rid of all our credit cards. Spending only what we truly have in our accounts, and pausing before major purchases to make sure they are either necessary or worthwhile, has made life far simpler and less stressful in the long run.
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