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Your Military Money
April 2025
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Understand Saving and Investing Basics With This Free Booklet
April is Financial Capability Month. It's a time when Americans are urged to educate themselves about best practices in money management, then apply those tactics to their everyday lives. Take time to read the Securities and Exchange Commission's booklet, "Financial Readiness: Saving and Investing for Military Personnel," this month. Learn about or brush up on financial concepts like the difference between saving and investing, and how to balance both to create a stable future.
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This Month's Task: Establish an Automatic Savings Plan
Taking small actions now can have a big impact on your future. One example: Set up an automatic savings plan. There are two ways to do this: By splitting your paycheck's direct deposit or arranging an automatic transfer from your financial institution. This simple, proactive habit can help you reach your financial goals and establishes a fallback fund if an unexpected expense should arise.
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Missed a Payment?
No matter how careful you are, bills may occasionally slip through the cracks. It's especially easy to lose track of them during a PCS, when some forwarded mail may not reach your new address. Check out this Money in Real Life blog for seven tips on dealing with late bills.
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Activities To Build Your Child's Money-Management Skills
According to a University of Cambridge study, children absorb and establish money habits as early as age seven. Help your child build sound financial practices with age-appropriate tips from Military OneSource. Teach counting skills with coins, watch fun videos that teach simple money-management concepts, and turn board games and toys into lessons about budgeting and weighing needs versus wants.
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Did You Know?
The IRS has fun and informative activities to help teenagers understand taxes. Check out this comprehensive website that covers everything from the history of taxes, why we pay them, how the money is allocated for government services and our responsibilities as U.S. citizens. Practical activities also show teens how to set up a financial recordkeeping system and file their first tax returns.
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ABOUT US
Your Military Money is an official communication from the United States Government, brought to you each month by the Department of Defense Office of Financial Readiness. FINRED oversees DoD-wide financial literacy programs and education, enabling Service members and families to strengthen their personal financial well-being.
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