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September 2024

Prepare for the Unexpected

Are you ready for a hurricane? What about a new roof or a major medical expense? September is National Preparedness Month. Establishing a solid financial foundation can bring peace of mind and equip your family for life's uncertainties. Although assembling a disaster kit is important, so is stocking a rainy day fund, ideally with at least three months' worth of living expenses. If this number seems daunting, start with an initial goal of $1,000. Find more tips on preparing for the unexpected, from insurance to estate planning to military relief societies, in our useful guide.

Four Ways MilSpouses Can Save for Retirement

It pays to be prepared for the future. Spend some time considering investments this month. Are yours where you’d like them to be? Or maybe you want to get started, but don’t know how. We’ve got you covered with this blog. Discover five reasons why MilSpouses should consider saving for retirement. In addition, learn about the four retirement saving strategies often used by military spouses.

Feeling Stressed or Sad? Financial Worries May Be To Blame

Little-known fact: There’s a strong link between financial wellness and mental health. Money worries can cause depression, anxiety and insomnia, not to mention relationship problems and challenges at work. If this sounds familiar, find out how to get support by reading this article.

New Scam Buster Website for MilFams

MilSpouses: Learn how to spot health care, employment and housing scams at VSAFE, as well as other fraud that might affect your family. This comprehensive new website, launched Aug. 8 by the Department of Veterans Affairs (VA), shows you how to detect scams, report suspicious activity and protect yourself from identity theft.

Did You Know?

Many junior service members and their families qualify for the federal supplemental nutrition program for women, infants and children (WIC), as well as other food security programs. Learn more from the U.S. Department of Agriculture’s Food and Nutrition Service. #HungerActionMonth

Resources

• Federal Student Aid: Make corrections to your 2023-24 FAFSA by 11:59 CT, Sept. 14.
  
  
• FSAFEDS: Calculate the money you could save by signing up for the Dependent Care Flexible Spending Account (DCFSA).
  
  
• Ready.gov: Help your kids get ready for emergencies with these interactive games.
  
  
• Federal Trade Commission: Use these tips to ensure a hurricane relief charity is legit.

Join the Mission!

MilSpouse Money Mission® is a Department of Defense resource that offers free personal financial education specifically for military spouses. Learn how we can serve you — and share this resource with your friends.