Announcement

Announcement Module
Collapse
No announcement yet.

After the military..

Page Title Module
Move Remove Collapse
X
Conversation Detail Module
Collapse
  • Filter
  • Time
  • Show
Clear All
new posts

  • After the military..

    Does the military give you money to send you off into the civilian world? Or do you just have to save up during your contract?

  • #2
    As far as I know, no, they do not. There is such a thing as severance pay, but that is only due to members who were involuntarily separated from the military (reduction in force, etc.). The military is already paying you for the job that you do for them, so it wouldn't be in their best interest to pay you simply because you are now ready or willing to enter the civilian world. It is therefore a VERY good idea to save up during your contract. The military makes it easy for you to set up a savings account and dictate how much money you'd like to put into it. If you live on base, you won't have to pay for rent or food like you would in the civilian world, so right there is already a good incentive to save what you don't spend. Far too often I've seen people enter the military (usually the crowd that joins straight out of high school, but not always) and because they are getting a pay check and have virtually zero expenses, they spend their paychecks like it's going out of style. It would be far wiser to get your college degree when you get out (GI Bill!) and have a healthy chunk of change in your savings, because you never know when you might find yourself unemployed or in need of emergency funds. You'll certainly be in a much better situation than most of your peers.

    Comment


    • #3
      Originally posted by Jamen Srun View Post
      Does the military give you money to send you off into the civilian world? Or do you just have to save up during your contract?
      You will have the post 911 montgomery GI bill. Do a google search for it....Basically you can go to school for free and collect BAH as a E-5 while in school

      Comment

      Working...
      X