• All posts,  Military Lifestyle Advice

    Retirement Remorse: Why Raiding Your 401K Sucks

    Do we? Don’t we? That’s the question both my husband and I asked for weeks when we found ourselves in a financial pickle over a decade ago. At the time we had exhausted every other option and didn’t know what else to do, so we flipped the switch and did something we knew we shouldn’t do, we used our retirement savings. Have you ever done that? Made a decision about something in your life only to very quickly wish you could go back and have a do-over? Maybe we didn’t think about the long-term consequences but we sure did pay the price . Sadly our decision didn’t have an easy fix, because when you drain your 401K to…

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    Nurturing the Money Tree: Creating Income Part 3

    Part 1 of Nurturing the Money Tree talked about creating income by working for someone else while Part 2 of our series opened up the topic of working for yourself. Today we get to my favorite part and that’s Entrepreneurship! If Option #2, owning your own business, sparked your entrepreneurial spirit, then this blog post is for you. When toying with the idea of owning a business there are so many things to consider and lots of plans to make, and it’s important to know what you are getting into is to. I have found that the best way to do this is to spend time researching and talking to other…

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    Nurturing the Money Tree: Creating Income Part 1

    To work or not to work that is the question on all of our minds at one time or another in our military careers. It seems that the subject of employment comes up whenever money is tight, when the kids are all finally in school, or you PCS to a new duty station.  I can’t tell you how many times I have thought about getting a job outside of our home just so we could have a little wiggle room in the budget. I even tried it one year to get some extra holiday cash, and frankly it was a disaster.  Nothing got done, the kids were disappointed because I…

  • All posts,  Military Lifestyle Advice

    Shaking the Money Tree: Tips for YOUR Military Family

    I’m sure it comes as no surprise that you won’t get rich on your military paycheck alone.  Shoot sometimes I’m lucky to have a couple of dollars left in the account come payday.  However while the pay won’t set any records, there is much to be said for a steady reliable income that comes with some great benefits. When we first came into the military we had to adjust to the decrease in pay, and frankly I wasn’t very good at it.  I didn’t know how to bargain shop, use coupons or buy strategically when things were on sale.  I had no idea how to live on barely enough to…