KateHorrell

Helping Military Families Make The Most of Their Money

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…

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…

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


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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


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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…

2022 Active Duty 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!

While military pay is 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…

2022 Military Basic Allowance for Subsistence, or BAS


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The 2022 Basic Allowance for Subsistence (BAS) rates have been announced. 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 a time when military members were provided with… | Read More…

2022 USAA Military Pay Deposit Dates – 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? USAA is the most popular bank for military service members, and people want to know when their USAA military pay deposit dates will be. As a benefit to their military customers, USAA credits anticipated military pay one business day prior… | Read More…

2022 Increases In Military Retirement Pay (plus VA Disability, Social Security, and other federal payments)


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The 2022 military retirement pay increase has been calculated, and it’s a doozy – 5.9% for those who retired prior to 2021! 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, and while it isn’t law, military retirement pay has customarily… | 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.