Military Finance Network

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Entries for December, 2008

Honoring Those Who Served - Free Burial for US Military Veterans

My grandfather passed away a few months ago, and even though it is a difficult time for our family, one thing made it easier for us. My grandfather served in the US Navy during WWII and as a veteran of the US military, he was eligible for a free burial with full military honors. Funerals [...]

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Will My Credit Cards Affect My Ability to Get a Car Loan?

I received a reader question last week about how credit cards and available credit will affect her ability to get a favorable rate on a car loan.
Now let’s look at her question:
I am writing because I was curious what effect my credit cards will have on getting a car loan with a good interest rate. [...]

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Merry Christmas and Happy Holidays!

Merry Christmas and Happy Holidays to everyone out there, and an extra special thanks to those of you who are separated from your friends and family this year. I have spent quite a few holidays separated from family and friends and I know what it is like to work late into the evening when you [...]

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2009 TSP Contribution Limits

The Thrift Savings Plan (TSP) is one of the best investment opportunities for military members. Like a civilian 40 1(k) plan, the TSP plan gives investors the opportunity to lower their taxable income by contributing tax deferred income. The money is contributed to your TSP before it is taxed, where it will grow tax free [...]

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2009 BAS and BAH Rates Announced

There is good news for most military members - 2009 BAS and BAH rates have been announced, and the rates are going up for most people.
New BAS Rates:
Basic Allowance for Subsistence (BAS) Rates for CY09 were recently announced by the Secretary of Defense and become effective January 1, 2009.

Enlisted: $323.87
Officer: $223.04

New BAH Rates:
BAH rates vary [...]

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