And just like that, we have another long pay period. If you think you might have trouble making ends meet at the end of this month, start planning now for how you’ll stretch your dollars a little more, and where you’ll turn if you just can’t stretch them far enough. The next regular military payday… | Read More…
Long Pay Period Warning & Your Personal Finance Stress Test
This May 2022 end-of-month pay period is going to be long for all military service members. 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 not 28 days long, and… | Read More…
2022 Retired Military Paydays – With Printables
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…
2022 Navy Federal Active Duty Checking 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…
2022 Active Duty Military Paydays – With Printables
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 USAA Military Pay Deposit Dates – With Printables
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…
85 Ways To Get Through A Long Pay Period
Because months aren’t always 28 days long, and because military paydays don’t happen on weekends or holidays, there are times where there is a long stretch between military paychecks. Sometimes, it can be as long as 20 days! If you’re living paycheck-to-paycheck, or you budget pretty tightly, that can create some challenges to making sure… | Read More…
Retiring Military: Should You Choose SBP?
This post is part of a larger series about the Survivor Benefit Plan. Here’s the complete list of posts. Everything About The Survivor Benefit Plan Understanding the SBP-DIC Offset Life Insurance or SBP? Asking The Right Questions Retiring Military: Should You Choose SBP? 10+ Places To Learn About The Survivor Benefit Plan The Survivor Benefit… | Read More…
How Much Is Military Pay?
This is probably the most common question that I see asked: “How much is military pay?” It is such a simple question, yet so complicated. The simple part is because there is one pay chart, and it is public record because it is made by law, and it is not at all complicated. It is… | Read More…
Last Military Pay, Military Retirement Pay, and VA Disability Compensation
The transition from active duty military to retirement is full of lots of winding twists and turns. One of the most common questions is how all those pays are going to come together. And it’s important to understand it as part of your overall financial planning. However, keep in mind that any or all of… | Read More…