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U.S. Navy photo by Mass Communication Specialist 2nd Class Dominique Pineiro
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We’ve previously featured what you can do to prepare your finances before a deployment, but maintaining your financial health while deployed is just as important. Financial-related stress could eventually lead to debt, relationship challenges or psychological health concerns such as depression or substance misuse. So, use the following money management tips and resources highlighted in the Real Warriors Campaign’s article, “Managing Financial Challenges During Deployment,” to help you balance the demands of deployment with financial obligations.
Follow your financial management plan
Before you left, you and your family may have created a financial plan to follow while you’re away. If not, you can still create a spending plan to help you save money for emergencies or pay off credit cards and other debt. If you exceed your monthly budget, get back on track as soon as possible. To help recover from overspending, try these tips:
- Re-evaluate your original spending plan and identify the reason or reasons for exceeding it. By determining the cause for overspending, you can help your family recover and prevent it in the future.
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