Ever met a military spouse who does not work, her husband is the same rank as yours (same years in service too), and yet it always seems they are on top financially while you seem to barely keep your head above water?
I know rank is a taboo topic and most people cringe at discussing it but let’s not pretend those thoughts don’t run through your head.
Want to know the truth?
The truth is we have a lot of people in debt in the military and there are tons of easy financing options and loans for military which accounts for extravagant spending in some cases.
I too was guilty of comparing my financial situation to others until I realized that not everyone was just a great budget-er ( because there are some who budget well). There were many who were living off their STAR Cards, credit cards, easy approval loans, and easy financing on furniture and cars.
I know we see some of our counterparts with huge diamond rings, Coach Bags, and huge flat screen TV’s, and a brand new SUV, but please don’t fall into the trap of believing that you are missing out because you aren’t!
And while by I make mention of all those fancy delights that I too at one point have dabbled in including a Pioneer Loan for a vacation, in no way am I downing those who indulge in this. However many people surprisingly believe that all military families just have fat savings accounts and can afford all of this. To be fair some do. There are many military families who save, budget and live frugally.
I truly believe that Pioneer and Omni loans are okay if they are being used for the right purpose. If you need to get home because plane tickets are expensive, or if you have an emergency or car repair then I say go for it. I do not think a loan is the best option because you want a new TV or rims for your car.
Is it my business? No not really! However as a military spouse, an avid forum user, and a blogger who receives many emails with these type of situations I thought it was important to put the word out there.
Do you think some military families overspend because of being approved for credit so easily?
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