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FDIC Consumer News | November 7, 2022 |
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Servicemembers on the Move |
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Changes impacting budget, housing, and banking needs
Servicemembers and their families typically move to a new duty station every two to four years, causing changes to financial, housing, and banking needs. Just like a military operation, it is important to revisit budgets, consider what will be needed at the new location, and anticipate any adjustments in spending for a smooth transition. In addition to location, scammers know servicemembers are constantly having to make changes and often target them, so it is important to keep information and money safe during these shifts. Here are some things to consider when making the move or separating from the military. Whether you are a veteran, active-duty, or one of the millions of Americans who moves each year, we have some tips for you.
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