Editor’s note: Government Shutdown! Every time I publish something like this, I get a bunch of people telling me that I’m being dramatic. Or that the military will always get paid. Or 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… | Read More…
Your January Military Leave and Earnings Statement: 5 Things To Check
While it is important to review your military Leave and Earnings Statement every month, it is extra important whenever you have any changes. This includes things like a Permanent Change of Station move, a promotion, a time-in-service or regular annual raise, or any other action that could impact your pay and allowances. While these events… | Read More…
When Is The Next Military Payday?
Hey friends! Time for the semi-monthly update on your pay deposit dates. I get two questions all the time. “When does the military get paid this month?” Or, “When is the next military payday?” The first regular military payday for 2023 is Wednesday, 1 February2023. If you receive an active duty military paycheck, then that’s… | Read More…
2023 Retired Military Paydays – With Printables
Retired Military paydays are once a month. Military retirement pay 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… | Read More…
2023 Military Basic Allowance for Subsistence, or BAS
The 2023 Basic Allowance for Subsistence (BAS) rates have been announced. This year’s increase is the biggest in decades! BAS is a non-taxable monetary allowance paid to all members of the military once they have left their basic military training, except for certain situations where the military is providing meals. It is a legacy from… | Read More…
2023 Active Duty Military Paydays – With Printables
While military paydays are relatively easy, there can be some tricky bits. Military paydays are on the 15th of the month and the first of the following month, except when the 1st or 15th fall on a weekend or federal holiday. Then, the payday shifts to the business day prior to the weekend and/or holiday…. | Read More…
2023 NFCU Military Paydays – with Printables
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…
2023 USAA Military Pay Dates – With Printables
Looking for information on the upcoming paycheck? Find details at When Is The Next Military Payday? Hot off the press! USAA will now be crediting military pay deposits up to two days early. Fascinating. USAA military pay dates are the most frequent search here at KateHorrell.com. It’s not surprising – USAA is the most popular bank… | Read More…
Long Pay Period Warning & Your Personal Finance Stress Test
This November 2022 end-of-month pay period is going to be long for folks who use a Navy Federal Credit Union Active Duty Checking account or Service Credit Union. 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…. | Read More…
2023 Increases In Military Retirement Pay (plus VA Disability and Social Security)
The 2023 military retirement pay increase (aka retired COLA) has been calculated, and it’s a whopping 8.7% for those who retired prior to 2022! This projected increase is based on the Social Security cost-of-living adjustment. The Social Security adjustment changes the VA disability compensation rates by law. For military, retired COLA adjustments don’t happen automatically… | Read More…