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Military Budgeting Series: Finances During Deployment

Being deployed is challenging enough. The demands of deployment can be overwhelming. Maintaining your financial obligations while deployed will make post-deployment life less stressful. It is imperative that you follow these key recommendations to be sure you stick to your budget and maintain healthy finances during deployment. Making sure your money management is on point is a key factor in the process.

finances during deployment

Financial Management During Deployment

Follow Your Budget & Savings Plan

If you find you are overspending, reevaluate your budget to include those expenses. See if there are any places you may be able to make cutbacks. If so, develop a new budget or savings plan. This can help you stay on top of getting out of debt. If you find you have extra money left over at the end of the month, consider using it to pay off debts. You can also use it as saving for a possible emergency. Sticking to your budget will enable a brighter financial future for you and your family in post-deployment life.

Keep in Touch With Your Financial Overseer

As much as possible, stay in the know regarding your financial situation. After all, it is your financial well-being that is at stake. So you should be aware of any issues that may occur about your finances during deployment. This way there will be no surprises or unforeseen expenses when you return home.

Keep Track on Your Payments

Track all bills (credit cards, rent/mortgage, utilities, etc.) that are paid while you are away, whether by your financial overseer or with automatic bill pay. If possible, try to sign in to your accounts at least once a month to be sure your bills are being paid on time and in full and that no issues have arisen. Although you are deployed, you are still required to meet your financial obligations in a timely manner. 

ABOUT AUTHOR / Dilini

Dilini is a Marketing Communications & Programs Associate at ACCC. To anyone, managing finances can be a real challenge! Any tips and tricks to help get through this are great! Dilini will share her experiences, tips, and tricks along the way through the Talking Cents blog. Stay tuned!

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