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Smart Financial Strategies for Military Families: Overcoming Debt and Building Assets

Military families face unique financial challenges, including higher debt levels and fewer assets compared to civilians. Frequent transitions and limited financial experience can impact their financial health. It's crucial for servicemembers to gain financial know-how to make informed decisions that have long-term effects. Utilizing military resources like commissaries and exchanges, along with credible online information and money-saving apps, can help military families shop smart and improve their financial situation.

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Smart Financial Strategies for Military Families: Overcoming Debt and Building Assets

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  1. Why This Matters • Studies show that, on average, military families have higher amounts of debt and fewer assets than civilians • Challenges of military lifecan affect servicemembers’ finances: • Frequent transition and changes • Many servicemembers have little financial experience • Decisions have long-term effects • Getting the know-how is key to making smart financial decisions

  2. Shopping Smart • Use military resources to save money • Commissaries • Exchanges • Search online for credible information • Use apps to get the best deals

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