Did you know that your military pay will be most vulnerable while you are deployed? Deployment is a part of a military service member’s life. This is a time when you will be forced to live elsewhere and far from your family.
While you are away, the base pays for most of your needs – board, lodging, food, etc. You also receive a lot of incentives and bonus pay (e.g. combat pay, hazardous duty pay, family separation allowance, etc). This is probably the military’s way of compensating for the sacrifice that you are going through during deployment.
It may seem like this is a great opportunity for you and your family to save money. However, not everyone is able to save. In fact, there are some service members who fail to save and land in debt while they are deployed.
You need to learn how to maximize your military pay while you are deployed. All the additional pay that you will receive will really help you get financially ahead.