Transitioning out of the military is a big step, both personally and financially. In order to ensure that you have...
The military lifestyle is unique around the world. You are facing constant moves and other unique stresses. Yet, saving money doesn’t have to be one of them. You can take advantage of specific strategies to save money.
While Commissary shopping is very convenient, they may not be the best option for all your food shopping. In recent years, the on-base store has leveled their prices out to match a lot of civilian retailers. As you make out your next list, compare prices between your local stores and the Commissary. If you are going to shop on base, sign up for the newsletter. You should also check your base paper for military store specific coupons. If your store closes one day a week, typically Monday, shop the meat and deli departments on Sunday night. The closer the store gets to closing, chances are the prices on certain products will drop. This is because they need to move these things before the off day.
For civilian shoppers, expired coupons are useless pieces of paper. Yet, military families can save money with these coupons overseas. Ask your stateside family members to keep the circulars and send them to you. You can possibly use them up to six months past the expiration date on foreign soil.
College is expensive for both military and civilian families. Take advantage of special military child scholarship offers. Check with your unit’s command or the base support center for scholarship information. DECA works together with the Fisher House Foundation to offer a variety of scholarships and grants. They are available to children of active duty and retired service members. There is also a special Hero’s Legacy Scholarship. This one honors those who have become disabled or killed in the line of duty and their families.
One of the many advantages of living on a military base is the entertainment available to you. Many installations offer movies at a reduced cost as well as the chance to catch a live stage production. Challenge your friends and family to a game of bowling without leaving the base. Depending on your duty stations, famous artists might give special concerts on base. You can also check out the local military band for a night of family fun. Consider staying on base to celebrate the Fourth of July. There is lots of entertainment without civilian frustrations.
Staying on top of your health is essential whether you are active duty, retired, or a dependent. Instead of investing in an off base gym, look into the gym on base. No matter where you call home, there will be at least one option available. There are also tracks and other ways to challenge you and stay physically fit.
Check with restaurants, hotels, stores, and attractions for special military discounts. You may also get a reduced price with certain services like photographers. Don’t be afraid to ask! Some offers may only be available to active duty service members and their families. Other offers may include both active duty and retired service members. Don’t forget that to receive the special discount you will need to show your military ID.
If you are planning a big family vacation check with your base leisure or tickets and tours office. They often have special deals set up for you. For example, if Disney World is in your future ask them about staying at Shades of Green. The resort is on Disney property and is only for military families.
Contact Marine Federal Credit Union today if you have any other questions about saving money. We look forward to working with you and your family on your savings goals.
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