Military Finances: Personal Money Management for Service Members, Veterans, and Their Families

Military Finances: Personal Money Management for Service Members, Veterans, and Their Families book cover

Military Finances: Personal Money Management for Service Members, Veterans, and Their Families

Author(s): Cheryl Lawhorne-Scott (Author), Don Philpott (Author)

  • Publisher: Rowman & Littlefield Publishers (UK)
  • Publication Date: 11 July 2013
  • Edition: 1st
  • Language: English
  • Print length: 206 pages
  • ISBN-10: 144222214X
  • ISBN-13: 9781442222144

Book Description

Military Finances is essential reading for any soldier, veteran, or military family member concerned with their financial future. Members of the military often have a tough time handling their finances, whether it be while serving active duty or when returning to civilian life; and our uncertain economy and job market only magnify those issues. Many serving in the military are young, with little or no training in financial affairs, and face frequent deployments and relocations—all of which can wreak havoc on a person’s finances.

This book provides a one-stop guide to navigating the many financial questions facing today’s military in all phases of service:

Active dutyPreparing for transition or retirementAnd post-military lives and careers
It covers general financial planning along with many specific aspects of money management vital to military members and their families, proving an indispensable and informative resource for those who fight to defend our freedoms every day, and have for generations.

Editorial Reviews

Review

Military Finances: Personal Money Management for Service Members, Veterans, and Their Families provides military members with a fine guide to everything from understanding and using the banking industry to planning for retirement, investing, and buying insurances. Coverage includes veterans, those currently serving, and military members planning for a transition and provides all the specifics linking military employ to financial concerns. All the common routines of military service, active duty and lifestyle are covered in chapters that cite the latest military routines and strategies, how to link them to personal benefit and financial management, and how to gain the most from benefits and their investment. No military collection should be without this.

This handy money-management guide is aimed squarely at those who have served in the U.S. military and their family members. Those serving in active duty may find it difficult to manage finances from far away; it can be equally difficult to deal with money when returning to ‘normal’ civilian life. It’s also important to remember that many join the service at a young age and do not have the benefit of experience. The book breaks down general financial planning into manageable chunks, covering topics such as taxes, investments, insurance, funding for education, home ownership, and transitioning to life after the military. Authors Lawthorne-Scott and Philpott each have personal and professional experience with the military, and it shows in their vocabulary and manner. Public libraries would do well to add this to the shelves of consumer financial-planning books; academic libraries with ROTC programs will find this a must-purchase.

About the Author

Don Philpott has been writing and reporting on security, civil unrest, and terrorism for over 40 years. He was a senior correspondent with Reuters-Press Association, reporting on major events and trouble spots, including Northern Ireland, Lebanon, Israel, South Africa, and the Far East. He is the author of numerous books, including The Wounded Warrior Handbook and The Workplace Violence Prevention Handbook.

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