Focus on Finances

Military families, just like families everywhere, have financial concerns and must budget accordingly.  Many folks are struggling more within the current economy.  Finances can be a major stressor within marriages and families - but they don't have to be.

After the jump you will find more information on finances.

Let's first take a look at financial stress via Military OneSource.  You can login on the site for more detailed articles and links.

Coping with Financial Stress

High energy prices, mortgage foreclosures, an unpredictable stock market, and other factors are causing many Americans to feel financial strain. So it’s no wonder that Military OneSource online poll participants report money matters as their leading cause of stress. If your stress level is soaring, read on for ways to reduce your anxiety by taking care of yourself and by coming up with an action plan to see you through the months ahead.

Practical steps you can take
Here are some ways you can reduce your stress by taking charge of your finances:

Take an objective look at your financial situation. Ask yourself whether you have a major money problem, or if you’re worrying about something that won’t have a lasting affect on your financial health. For example, are you finding it difficult to repay your debts or pay for necessities like food and medicine? Or, are you just disappointed that you have to put vacation plans on hold? Try to put your worries in perspective. If you’re not sure whether your problem is serious, schedule an appointment with a financial professional...

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To walk away or not to walk, is that the question?
TCPalm
The scale of the problem is daunting: More than half of all residential mortgage holders in Broward County are underwater, California research firm First

and more »


Why insurers don't control costs
Washington Post (blog)
Insurance is useless for basic medical care, which everyone needs to some degree. It only makes sense for catastrophic care. It is like buying car insurance

and more »


Recession sometimes takes uneven toll
USA Today
"So much employment growth was tied to construction that states that had the biggest boom —California, Florida, Arizona, Nevada— have suffered the worst job

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Preparing for the Inevitable Bursting Bubble
New York Times
You certainly wouldn't want any bills increasing, so now's a good time to refinance to a fixed-rate mortgage. Whittle down student loan and credit card debt

and more »


San Diego's credit unions ba$king in big banks' financial failures
San Diego Metropolitan
Those are a variety of securities firms, an insurance company and mortgage companies,” says Hall. The ABA's members are traditional banks insured by the

and more »

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