Everyone incurs debt – some debt is good (like a mortgage) and some debt is bad (like a credit card balance).
The military lifestyle can make staying out of debt a difficult task. With frequent deployments and (often) a single income, Service members and their families are at higher risk for financial and credit issues. The stress of these financial problems can have a significant impact on mission readiness.
Help Is Available
The Department of Defense (DoD) helps Service members and their families manage their money through financial information, training and counseling programs. If you need some help getting the debt-lowering process started, visit your installation Personal Financial Manager or contact a Military OneSource Financial Expert for free assistance.
For more information on various financial topics, browse the QuickSeries® library of guides, including Becoming Debt-Free and Be Money Smart: Investment Planning for Your Future.
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