Military personnel and their families face unique pressures and emotional challenges in their careers, making financial security essential. Achieving financial stability brings peace of mind, reduces stress, and allows families to focus on their duties. Furthermore, securing finances now provides greater freedom and comfort upon retirement. Proper financial planning and education empower military families to make informed decisions and avoid financial pitfalls. To learn more, visit Financial Frontline.
SUPPORT PRGRAMS FOR MILITARY FINANCIAL STABILITY
Army Financial Readiness Program (FRP) Available at every installation, FRP offers classroom training and individual counseling on saving, investing, setting goals, debt elimination, and emergency savings. These resources, often provided online through partnerships with nonprofits and are accessible even for those far from an ACS office. More details can be found here.
Military OneSource
This 24/7 resource provides personal finance basics, credit record assistance, military savings program education, and debt-repayment planning. For more information, visit Military OneSource.
VA HOME LOAN PROGRAMS
The VA helps Veterans, Servicemembers, and eligible surviving spouses achieve homeownership by offering a home loan guarantee benefit and various housing-related programs. These programs assist in purchasing, building, repairing, retaining, or adapting homes for personal use. Access the VA home loans guide here.
REAL ESTATE INVESTMENT IN HAMPTON ROADS
Many military personnel become landlords by accident. Financial education is fundamental, especially in Hampton Roads, where 85% of the population is military. This area is ideal for real estate investment and generating passive income through rentals due to its growing economy. Making informed decisions about property and financial tools is crucial for wealth growth.
Follow our blog for more resources and guidance on financial stability and real estate investment. Together, we can help you secure a brighter future for you and your family.
