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2023 Military Basic Allowance for Housing Rates

14 December 2022

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!

2023 military basic allowance for housing rates are out! Go see! (iPhone users reading this on Facebook, you may need to open this page using the three dots instead of clicking through from Facebook. Not on an iPhone? Right-click, select “copy link address,” and put it into a new tab. I wish I could fix… | Read More…

46 Comments
Filed Under: Housing

Five Things You Need To Know About The New BAH Rates

13 December 2022

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!

Military families across the country are waiting anxiously to see what their Basic Allowance for Housing (BAH) rates will be in 2023. (The new bah rates are usually announced on or around 15 December.) With housing prices going up significantly in many areas, many have their fingers crossed for a big increase for next year. Here… | Read More…

2 Comments
Filed Under: Housing

BAH Rate Protection (or The Grandfather Clause)

5 December 2022

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!

As the Department of Defense (DoD) gets ready to release the 2023 Basic Allowance for Housing rates, this is a perfect time to review BAH rate protection, or “the grandfather clause.” (Rates are usually announced on or around the 15th of December.) Each year, the DoD calculates the costs to rent a house in each… | Read More…

9 Comments
Filed Under: Housing

Capital Gains Rules for Military Families

24 October 2022

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Capital Gains Rules for Military Families

Note:  This is not professional tax advice. While I have confirmed this information with various professionals, do not take my word for it. Read the tax rules yourself (link at the bottom.) Then, consult with your tax professional to see how the rules apply to you. Capital Gains? What the heck are they, and when… | Read More…

139 Comments
Filed Under: Housing, Taxes

Evacuation, Military Entitlements, and Insurance Coverage

26 September 2022

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!

Every year, our country has emergency weather situations, and people have to make hard decisions. Military families wonder if they should evacuate . When and if the military or their insurance company will help with expenses may be part of that decision.  There are some times when the military will pay families to evacuate a… | Read More…

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Filed Under: Housing, Personal Finance

Why Does My Mortgage Payment Change From Year To Year? How Mortgage Escrow Works

5 September 2022

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!

One of the most confusing parts of having a mortgage is understanding how the payment on your fixed-rate mortgage can change, usually every single year. In order to understand why your payment changes, you need to know your escrow account works. An escrow account is an account that pays different bills related to the property…. | Read More…

2 Comments
Filed Under: Housing

How To Budget With Overseas Housing Allowance

8 August 2022

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!

When you live overseas, off-base, you receive an Overseas Housing Allowance. OHA pays for your rent (up to a limit) and also provides you with an allowance for your utilities. There are two tricky things about OHA. The amount of dollars paid changes every month, with the exchange rate, and the bills it is supposed… | Read More…

3 Comments
Filed Under: Housing, Overseas

Advance Basic Allowance For Housing (BAH) – Yes, It’s a Thing!

8 July 2022

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Advance BAH helps military members move into new housing

One little-known aspect of the military pay and allowance system is the ability to request advance payment of your Basic Allowance for Housing (BAH). While this opportunity has been around since 1999, you will still find that most admin folks and senior leadership are completely unaware that it even exists. And, unfortunately, even those who… | Read More…

17 Comments
Filed Under: Housing

The Simplest Reason Why Renting Will Save You Money

5 June 2022

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!

“Renting is too expensive, so I’m going to buy a house.” I hear some variation on this statement at least once a week. This perspective worries me, because further discussion usually uncovers some misconceptions about the cost of owning a home. Airman Mildollar, the author of the currently-on-hiatus-but-hopefully-coming-back-one-day Military Dollar blog, introduced me to a… | Read More…

5 Comments
Filed Under: Housing, Moving

How Much Should Military BAH Pay For?

19 November 2021

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!

I was at a really great military spouse event a few years ago and someone mentioned that the military’s Basic Allowance for Housing (military BAH) doesn’t always cover the cost of housing. It’s true that a lot of military families spend more than their BAH on housing. I hear things like this all the time,… | Read More…

12 Comments
Filed Under: Housing

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WELCOME!

Hi! I'm Kate! Accredited Financial Counselor®, Navy spouse, and mom of four.

Here at the blog, I talk about the financial issues that affect military families - pay, allowances, and benefits. Plus college stuff, landlording, moving, taxes. We cover a little bit of everything.

My goal is to give you the tools to make the best decisions right now, so you'll be confidently prepared for whatever comes next - whether that's a PCS move, transition to civilian life, or retirement.

So grab a cup of coffee, tea, or whatever makes you happy, and let's get to know each other.

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This site does contain advertising and affiliate links. If you click on an advertisement or link, I may be compensated. I only promote companies that I love and trust. Kings High Media/KateHorrell.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com

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.

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