Home » Civilian Life Has A Financial Checklist: Here It Is

Civilian Life Has A Financial Checklist: Here It Is

All over the world, individual countries pay tribute and respect to their service men and women, whether they make it back from active duty or not. There are a lot of trials and tribulations to military life, but really, it’s moving back into civvy street that has the biggest impact. Trying to go from being out on tours over and over again to working a regular job with regular folk is a tough transition, and it’s a transition that comes with financial pitfalls.

Before you even decide to call time on the tours that you take, you need to set yourself some financial goals and get those things in motion. Assessing your current career, life goals and your cash reserves now, before you say goodbye to life on the line, is going to help you to stabilise and smoothly move into a new life. Getting used to new routines, new neighbourhoods and new people is hard enough when you’ve spent a good portion of your life in the military, so taking the initiative to get onto programs that assist in the transition from military life to civvy street is important. So, as a soon-to-be veteran, what do you need to do to ensure a good financial transition? Below, you’ll find a checklist of things to tick off as you go!

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  • Building your budget before you say goodbye is so important. You need to know what you can afford and what you can’t as you’ll be moving back into regular housing. Don’t buy a house straight away, either, as you’ll need to assess the area that you head into to make sure that it’s right for you. You need to know what you’ve got in savings accounts; how much rent and utilities are going to cost once you live military housing and you need to research any school fees that may be appropriate.
  • Knowing what benefits that you are entitled to as a veteran is going to help you to stabilise your life while you get yourself re-established in the regular world. This can include business loans for veterans if you’re contemplating building your own outfit. It gives you something to do and it makes sure that you can have a career once you leave the military.
  • Speak to a resume specialist as early as you can. You’ll need to build one to apply for work outside of the military and they can assist you with writing it to what employers expect from prospective candidates. It’s often more difficult for military members in infantry to find regular work than it is for those who have a specialty, like chefs and drivers. This doesn’t mean you won’t be able to find it, it just may be a little harder than you thought initially.

Transitioning back into the real world is going to be difficult at first if you don’t get your finances straightened out as early as possible. Know your worth in civilian life and you can still do good things.

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