MILSPOUSE BLOG
Tips to Stretch Your Spending Plan This Fall You may have noticed the days are getting a little shorter, and there’s a crispness to the air. Fall is officially here! Under normal circumstances, military families often welcome the change in seasons, as they settle into school and extracurricular activities. But this year is anything but…
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Payroll Tax Deferral Military spouses, have you heard? To help provide relief during the COVID-19 pandemic, the Presidential Memorandum issued on August 8, 2020 temporarily defers Social Security — Old Age, Survivors, and Disability Insurance (OASDI) — tax withholdings for some Service members. This is known as the payroll tax deferral. What Does This Mean…
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Beware of Employment Scams Every PCS season transplants military families around the country and even the world. As a result, many military spouses may be looking for jobs in a challenging job market. Beware, military spouses! Not all job opportunities are created equal. Some are scams. So, in addition to having a winning resume, here…
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The COVID-19 pandemic sweeping the country and world is having a dramatic impact on how we live our lives and function within our communities. Many of us are affected by school and work closures and possibly even stay-at-home orders. Military families may also face additional uncertainty with the Stop Movement order impacting future assignments and…
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It’s tax time again. And while the federal income tax filing deadline for 2019 has been extended to July 15, 2020, that date will be here before you know it. Whether you’re preparing your own taxes or seeking professional assistance, here’s some guidance on what documents you need and where to get additional support to…
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You Can Do It! Stay on Track with Your Financial Goals Did you set any financial goals or resolutions for the new year? If so, each month is the perfect time to see if you’re staying on track with your financial goals. Set SMART goals Hopefully, you set goals that were SMART: Specific, Measurable, Attainable,…
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As 2019 draws to a close, many of us are looking toward the new year with big plans and aspirations. Carry this excitement over to your finances, too! Set financial goals in the new year to build a stronger financial future for you and your family. The previous year is history. You cannot go back…
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Reimbursement for Relicensing & Certification Fees for Military Spouses The Department of Defense (DoD) recognizes the challenges many military spouses face maintaining a career while moving every few years. So, the DoD introduced the National Defense Authorization Acts of 2018 and 2020, which allow each branch of service to reimburse military spouses for qualified relicensing…
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Back to School on a Budget It’s back to school time! And while parents may be breathing a collective sigh of relief, it might be a different story when it comes to their wallets. According to a recent survey, families with school-age children spent on average almost $700 in 2019 to equip their kids for…
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As military spouses, we know firsthand how challenging it can be to stay competitive in the workforce. Staying competitive could mean we juggle completing a degree, training or license while taking care of our families. Periodic moves followed by job searches in new locations often complicate our career goals. Money for Professional Pursuits Fortunately, the…
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