KateHorrell

Helping Military Families Make The Most of Their Money

2023 NFCU 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 & 2023 USAA Military Pay Deposit Dates – With Printables


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Looking for information on the upcoming paycheck? Find details at When Is The Next Military Payday? USAA pay dates are the most frequent search here at KateHorrell.com. It’s not surprising – USAA is the most popular bank for military service members. As a benefit to their military customers, USAA credits anticipated military pay one business day… | Read More…

When Is The Next Military Payday?


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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 next regular military payday is Thursday, 15 December 2022.  If you receive an active duty military paycheck, then that’s the… | Read More…

Long Pay Period Warning & Your Personal Finance Stress Test


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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. F 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… | Read More…

2023 Increases In Military Retirement Pay (plus VA Disability and Social Security)


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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…

Life Insurance or SBP? Asking The Right Questions


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Life Insurance or SBP? (That’s the military’s Survivor Benefit Plan.) If I had a nickle for every time I was asked that question – well, I’d be able to go out for a coffee this week. And next week. And every week into the future. At least once a day, someone asks me some variation… | Read More…

Your January Military Leave and Earnings Statement: 5 Things To Check


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 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…

2022 Retired 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!

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


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…

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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.