ACCC Provides Five Financial Tips for Returning Military Personnel

“It’s critical that servicemen and women understand what financial resources and programs are available to them”

Veterans and military personnel face a unique set of financial challenges – particularly when it comes to managing finances and budgeting before, during and after deployment.

To help address these challenges, national nonprofit American Consumer Credit Counseling (ACCC) has developed an extensive online library of resources for military personnel and veterans, including specific budgeting tips pre, during and post deployment.

“Managing personal finances, budgets and debt can be difficult for any consumer, and these challenges are often compounded for military personnel and their families,” said Steve Trumble President and CEO of American Consumer Credit Counseling, based in Newton, MA. “It’s critical that servicemen and women understand what financial resources and programs are available to them so that they can achieve a healthy financial future, particularly as they return home from deployment.”

The Consumer Financial Protection Bureau recently highlighted the potential for increased financial challenges among military communities and families now that many large-scale combat deployments are nearing or coming to an end. Given this reality, it’s crucial that military personnel review their finances to minimize any stress and improve financial wellbeing.

In honor of Armed Forces Day, ACCC offers financial tips for members of the armed forces returning from deployment:

1.    Take control of your finances. While you were away, you most likely appointed a spouse, parent, or trusted friend as your financial overseer and hopefully, they managed your finances responsibly in your absence. Now that you’re home, it…

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