The Army is a great organization when it comes to the benefits. They provide everything from medical care, housing, food allowance, and basically everything a human needs to stay alive.
In the Army you are given everything, that when you get out and transition back to the Civilian Life, you’ll soon realize that it’s going to be hard to stay afloat if you don’t have plans or goals.
Today I will be talking about how I was able to transition very smoothly by setting up simple goals.
Having A Goal Before Getting Out Of The Army
Before you get out of the Army, you should have goals made, a Short-Term Goal and a Long-Term Goal.
Having goals make it easier and more clear for what you want to achieve in life, and where you should begin to try and achieve that goal.
Short term goals could be things around getting yourself to fill out applications for a new job without procrastinating.
Your long term goal should be working hard doing that job and trying to get to the highest position you can go.
All your goals can be achieved if you just set your mind to something and follow through. It takes a little motivation and a lot of dedication and you can achieve anything.
You also want to set realistic goals and nothing too out of this world, like trying to become a millionaire overnight.
The only way that is possible is if you hit the lottery or inherit money from a family member, which is highly unlikely for a lot of us.
Set goals that are a bit challenging but something you can work up too. If there is one thing I know, hard work will pay off.
Making Good Use Of Your Benefits
If you get out of the Army on a good note, you’ll have your school benefits and your Veterans Associates (VA) benefits.
Before you tell yourself that you have nothing when you get out of the Army, always remember you have a paid for college, which is the GI Bill just waiting to be used.
If you don’t want to use your GI Bill, then you can transfer it to your spouse or children.
You can transfer the GI Bill to your spouse if you have 6 years active duty time, and to your children if you have 10 years active duty time.
When you use your GI Bill, they give you Basic Allowance for Housing (BAH) based off the school you are attending for the amount of time you are a full time student there.
So remember, there is always something to do when you transition out of the Army, and you can get paid to go to school.
Getting paid while receiving an education doesn’t get any better than that.
Managing Your Debt Prior To Getting Out
Prior to getting out of the service, I would recommend trying to bring down your debt as much as you could so it won’t affect you as much, and it will definitely take some stress off your shoulders.
No one wants that worry of high debt before getting out, because many things can happen.
Things like messing up your credit score if your have good credit score.
That will hurt your chances of applying for any kind of loans with a good interest rate.
Budget your spendings and always look for the best deals when purchasing things. Make sacrifices so you can bring down your debt, when all is good, you’ll be glad you did so.
Plan your spendings right and smart especially if you have a family to support.
This is where the budgeting and saving money comes into play.
How Much Money Should I Save Before Getting Out Of The Military?
Prior to getting out, you should have a decent savings that you know will keep you afloat, and on top of your bills if you may have any.
An amount that can sustain you for at least 3 months giving you that time to get your life together and back in the flow of things.
I would suggest sacrificing things that you know you spend a lot of money on so it can benefit you when you get out.
Things like going out and eating lunch or dinner every week, I would suggest buying groceries and making your own food, because I know it will save you in the long run.
Don’t get me wrong, its good to treat yourself every now and then, but if you know you are getting out of the military soon, you should start planning and preparing.
Personally, I would recommend saving at least 5 thousand if your single and double that if your married and have kids.
You want to be able to take off as much stress during your transition and stay on top of things and take care of your families.
Main point being said, is have a plan and have a savings and set good goals.
Everyone has bills of some type, like a cell phone bill.
Everyone needs a cell phone, at least everyone in the military because that’s how people stay in contact with you if they need you to come into formation.
They stop with the pigeon mail a long time ago to get messages out, so there is no way you can go without some kind of mobile device.
The more money you save up the better, make it as easy and comfortable for yourself during your transition and good luck with the new chapter of your life.
Making Extra Money Before You Get Out Of The Military
I was always thinking about ways I can make an extra income just in case anything was to happen to me while in the military, like an injury, or just to prepare me for the day I become a civilian again.
I figured, I don’t want to do any hard labor work because being in the Infantry, that is some pretty hard labor work itself.
I wanted a job where I can be my own boss and not have to break my back trying to get to that position.
So I searched and searched for a way to do that and I came across a program called Wealthy Affiliate.
What it is, is a program that teaches you step-by-step how to create your own online business and make money from it.
I know it sounds crazy, but it works and it has helped me make enough money to where I don’t have to work another job again.
All I do is work from home and spend time with my wife and kids, it’s Free to join so you could give it a try if you want!
Well everyone, I hope you enjoyed this article and I hope it helped you in any way, shape, or form.
If you have any questions or comments for me, please feel free to leave it below. Take care and have a great one!