KateHorrell

Helping Military Families Make The Most of Their Money

February Military Scholarships for Service Members, Spouses and Kids


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This post is part of my ongoing Military Scholarships series. As long as you’re stuck in the house hiding from the cold, you should be applying for these military scholarships! As with any other scholarship resource, please verify eligibility requirements, application processes, and due dates. While we do our best to ensure that this listing remains… | Read More…

When Is The Next Military Payday? (And When Will You See That Money?)


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When IS the next military payday? Planning your spending is easier when you know when you’ll have the money to spend. And while military paydays are tied to the 1st and 15th, they get moved due to weekends and holidays – or even weekends AND holidays put together. And then there are many banks and… | Read More…

Long Pay Period Warning & Your Personal Finance Stress Test


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This March 2022 end-of-month pay period is going to be long for anyone who gets early direct deposit of military pay. Every time we have a long pay period, Facebook explodes with conversations on this subject, and they provide a fascinating look into how people handle their money. Actual Military Paydays Because every month is… | Read More…

Everything About The Blended Retirement System


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The Blended Retirement System is the retirement plan for service members who entered the military after 1 January 2018. It also includes some folks who were serving before 31 December 2017 and chose to switch to the BRS. Retirement pay benefits for currently retired service members remain unchanged. Understanding The Terms The military’s new Blended… | Read More…

Your Financial Plan: Reviewing 2021, Making Plans for 2022


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If you’re in the military community, you’ve probably heard some sayings about planning. For example, “Fail to plan, plan to fail.” Or, “The plan is nothing, the planning is everything.” Or my personal favorite, “It takes as much energy to wish as it does to plan.” That last one is Eleanor Roosevelt. Regardless of what… | Read More…

2022 Retired Military Paydays – With Printables


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Military retirement pay comes once a month. It is paid on the 1st of the month unless the 1st is on a weekend or holiday, in which case it is paid on the previous business day (the last business day of the previous month.) Military retirement pay is paid in arrears, meaning that the payment… | Read More…

Social Security Tax Repayment: What To Do With A Corrected W-2


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Most military service members are finishing up the Social Security tax repayment from the deferral that happened in the last part of 2020. This will be a change in your paycheck and you may get a corrected 2020 W-2. What Were The Deferral and Repayment? From September through December of 2020, Social Security taxes were… | Read More…

Everything About Dislocation Allowance (DLA) & 2022 Rates


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Dislocation Allowance (DLA) is a military allowance designed to partially reimburse service members for some of the costs incurred when relocating a household. It is authorized for PCS moves, when ordered to move into military housing for the government’s convenience, and when evacuated from a duty station. The Joint Travel Regulations (JTR), Chapter 5, Section… | Read More…

The Budget and the Debt Ceiling: How Government Shutdowns Could Affect Military Pay


This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

Editor’s note: Every time I publish something like this, I get a bunch of people telling me that I’m being dramatic, that the military will always get paid, and that I’m being irresponsible for getting people upset. That’s not the intent at all. If you’ve spent any time at all around these parts, you know… | Read More…

2022 Navy Federal Active Duty Checking Military Paydays – with Printables


This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

Looking for information on the upcoming paycheck? Find details at When Is The Next Military Payday? Navy Federal Credit Union (NFCU) is a very popular bank for military service members. NFCU has several types of checking accounts, and their Active Duty Checking account offers a variety of benefits including free checks, ATM rebates, and early crediting… | Read More…

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Disclaimer

Kate does not represent the Department of Defense, the Department of Veterans Affairs, or any government agency. This blog is strictly for informational and entertainment purposes only. The content on this site should not be considered professional financial or legal advice. I may receive compensation through affiliate or advertising relationships from products mentioned on this site. All reviews on this site represent the personal opinions of the author. All references to third party products, rates, and offers may change without notice.