Veterans and Finances

Would you like to make changes to your current financial situation?

  • How can you be more strategic when you make decisions around money?
  • Are financial choices made during active duty service getting in your way of future financial goals?
  • What does financial security look like for you and your family?
  • Would you like to explore resources that may help your situation?

As an active duty Military service member you may have experienced unique financial situations, such as change of duty station creating a loss of income for some families, financial hardships during deployment, and the high rate of unemployment as you transition from active service. Unfortunately, Veterans as a group may also be the target of financial scammers.

Financial Capability is a lifelong process of setting goals and sticking to them. There are so many day to day situations that arise, it’s easy to put off making those big picture financial decisions. When you know your mission (Financial Goals), you will be able to create an action plan that supports your goals. The result will pay off with Financial Security. If you find that you would like some more strategies, look into ways to balance your bottom line and check out the resources posted below.

Quiz

Veterans have unique challenges and opportunities when it comes to managing money. Take this 10-question quiz to find out more.

Financial Goals

Insert 1-2 sentence introduction – what it is, what it can do for you.

List additional resources for Veterans below.

Social Security Administration – This landing page for Veteran’s has links and information related to Social Security benefits from birth through retirement.

Link to TSP Retirement Factsheets?

Daily Budgeting

Insert 1-2 sentence introduction – what it is, what it can do for you.

List additional resources for Veterans below.

Internal Revenue Service – Find links to tax forms, services, and resources for Veterans related to paying taxes and maximizing use of tax credits.

Debt Management

Insert 1-2 sentence introduction – what it is, what it can do for you. You can learn more about credit reports and credit scores by visiting the Money Matters module on Credit.

List additional resources for Veterans below.

Scams and Fraud

Servicemembers and veterans may find themselves targets of scams or predatory lenders. A good way to keep watch for identity theft is to order a copy of your three free annual credit reports every year. You can also sign up for email reminders from Extension three times a year on 2/2, 6/6 and 10/10.

List additional resources for Veterans below.

Active duty military service members are eligible to place an active duty fraud alert on their credit report. This is available for service members on active military duty who want to help minimize their risk of fraud or identity theft while deployed. An active duty alert can make it harder for someone to open unauthorized accounts in your name.

Additional Resources for Veterans

List additional resources below:

Example: NAMI

Certificate of Completion

If you’d like to certify that you’ve completed this module, be sure to contact a UW Extension Educator to find out about program requirements.