Did you know? Active-duty Service members are nearly three times more likely than other adults to report that someone used a debit card or some other electronic means to take money from their bank account according to the Federal Trade Commission (FTC).
Military families are consumers of goods and services, just like other families. Military life, with frequent moves and deployments, can add some additional challenges when it comes to protecting your financial life.
Click on the topics below to learn more about how to best protect and empower your family leading you to a stronger financial future.
What to do when you’ve been compromised
Each situation will be different but the key is to act quickly!
Step 1 — Call the companies where you know fraud occurred.
Step 2 — Place a fraud alert and get your credit reports.
Step 3 — Report identity theft to the FTC.
Also consider changing login information to financial institutions. You may need to order new credit or debit cards so be sure to factor that into your recovery plan if you have automatic bill pay tied to your old cards.
Visit www.identitytheft.gov for a comprehensive action plan specific to your situation.
Recent Blogs
5 Financial Resolutions to Start the New Year Off Right
You don’t need to wait until January to take a fresh look at your finances. Get a jump on the new year with these five resolutions — they can really pay off over the next 12 months. 1. Set/update your budget Setting a budget is the first step in a military family’s financial planning. And…
Read More
5 Financial Power Moves for MilSpouses
During National Veterans and Military Families Month in November, we salute the strength of our families as they support the mission of our community. MilSpouses, especially, display determination as they face the challenges of military life. We see you navigate frequent moves, deployments and often raising children as a solo parent. We understand your motivation…
Read More
The Year In Review: Bring Your Financial Picture into Focus
It can be fun and even eye-opening to watch those year-end montages reminiscing about the year. If you ever have that moment when you say to yourself, “Wait, that was this year?”, you could also imagine how easy it could be to lose track of the goals and financial plans you set in motion when…
Read More
Now’s the Time to Think About Life Insurance
Hey, MilSpouses, it’s Life Insurance Awareness Month! Okay, so maybe that doesn’t make you want to break out the cake and ice cream, but life insurance is an important part of your financial plan. It can help take care of your family, giving them financial security if something happens to you or your service member.…
Read More
Budget and Insurance: What to Do After You PCS
After months of planning and hard work, you’ve landed safely at your next duty station. Congratulations! As you kick off this next chapter in your MilLife, it’s a good time to check in on your finances. Let’s look at two key items that are likely to change after a PCS: your budget and your insurance.…
Read More
Insurance and Estate Planning for Your Peace of Mind
Insurance protection and estate planning are key to your family’s financial peace of mind. Insurance protects you from serious financial loss and provides for your family, and estate planning ensures your wishes are carried out in case you are no longer there. Protect Your Stuff Homeowners and Renters Insurance: Both homeowners and renters insurance cover…
Read More
PCS Finances for MilSpouses: In Their Own Words
Did you set financial goals earlier this year only to have a permanent change of station (PCS) threaten to derail your family’s budget? You’re not alone. Other MilSpouses have learned how to keep their family finances intact during a move — and so can you! Here is valuable advice from their experiences. PCS-proof Your Finances…
Read More
Showing Appreciation with Top Resources for MilSpouses
As MilSpouses, we are often asked to shoulder a big load of responsibility. When partners deploy or work long hours, managing career and home responsibilities — especially finances — can fall on us. May 10 is Military Spouse Appreciation Day, and we pause to honor your unwavering support, strength and resiliency in all you do…
Read More
