The Guide to Coming Home

Money, money, money

Posted at 3:56 PM on February 8, 2010 by Molly Bloom
Filed under: Personal Finance

From Ross Holtan, Minneapolis, MN
Left the army as a Specialist (E-4). Was stationed in Germany with the First Infantry Division. Deployed to both Kosovo and Iraq.

Save your money. Many of us -- especially the single soldiers -- returned from Iraq or Afghanistan with a boatload of cash.

That money will go fast if you are not careful. Finding a place to live, buying a car, starting school, vacations and even dating will deplete your savings.

Take some time to consider the big purchases; buying a new car or motorcycle may not be the best use of your funds. Think about how long it may take you to go back to work. Do you have any unsettled debt that may come back to bite if you don't take care of it now?

Many of my friends bought BMWs (we were in Germany), big trucks and motorcycles with their savings. I didn't, and I was really happy to have to money when it came time for school.

February 2010
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