Jessica Hamel

[Jessica Hamel @FWCJessicaHamel]

A10.
1 -Establish a Budget and Savings Plan, and live below your means.
2 -Control your debts, keep them low!
3- See a Credit and Money Management Coach at no cost with Operation HOPE
#CreditChat #OperationHOPE

[Experian @Experian]

Q10. What are three actionable steps military families can take today to improve their financial health? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A10.
1 -Establish a Budget and Savings Plan, and live below your means.
2 -Control your debts, keep them low!
3- See a Credit and Money Management Coach at no cost with Operation HOPE
#CreditChat #OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

A9. Start contributing to your TSP now. Consider a MOS that is easily transferable to a civilian position. Utilize education benefits like POST 9/11 GI Bill. Focus on promotions and don’t buy that Camaro or Mustang right out of boot camp. #CreditChat #OperationHOPE

[Experian @Experian]

Q9. What financial advice would you share with younger service members just starting their military careers? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A9. Start contributing to your TSP now. Consider a MOS that is easily transferable to a civilian position. Utilize education benefits like POST 9/11 GI Bill. Focus on promotions and don’t buy that Camaro or Mustang right out of boot camp. #CreditChat #OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

@moneytalk1 I remember my husband asking me what "business casual" meant for one of his TAP's classes.

[Jessica Hamel @FWCJessicaHamel]

A8. Start saving early for the transition. Review LES for total income, not just base pay. Research the cost of living if you want to relocate to civilian life. Explore career paths and lean on a network of veterans. #CreditChat #OperationHOPE

[Experian @Experian]

Q8. What should military families consider when planning for retirement or transitioning to civilian life? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A8. Start saving early for the transition. Review LES for total income, not just base pay. Research the cost of living if you want to relocate to civilian life. Explore career paths and lean on a network of veterans. #CreditChat #OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

A7. Thrift Savings Plan (TSP) contributions are wonderful, especially if you don’t plan on retiring in the military. Utilize banks and credit unions familiar with the military community, and look into the best high-yield savings accounts.#CreditChat #OperationHOPE

[Experian @Experian]

Q7. What are the best savings and investment options for service members and their families? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A7. Thrift Savings Plan (TSP) contributions are wonderful, especially if you don’t plan on retiring in the military. Utilize banks and credit unions familiar with the military community, and look into the best high-yield savings accounts.#CreditChat #OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

A6. Financial Literacy coaching with Operation HOPE, Military OneSource, Service Members Civil Relief Act, and utilize local nonprofits and services in your area with financial support for military families. #CreditChat #OperationHOPE

[Experian @Experian]

Q6. What resources are available to help military families avoid or recover from debt? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A6. Financial Literacy coaching with Operation HOPE, Military OneSource, Service Members Civil Relief Act, and utilize local nonprofits and services in your area with financial support for military families. #CreditChat #OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

A5. Spouses are often the ones running the household finances. Have a good working budget and open communication about spending. Utilize spouse employment services to help find work in the field needed across the country or a work-from-home position. #CreditChat #OperationHOPE

[Experian @Experian]

Q5. How can spouses of service members build financial independence or contribute to household income, especially with frequent relocations? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A5. Spouses are often the ones running the household finances. Have a good working budget and open communication about spending. Utilize spouse employment services to help find work in the field needed across the country or a work-from-home position. #CreditChat #OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

A4 . Ask for and use a military discount whenever shopping for big or small items. Use MilTax for free tax assistance and ensure you are getting an EITC/CTC if eligible. Contribute to TSP, shop on base and use VA Mortgage when buying a home.#CreditChat #OperationHOPE

[Experian @Experian]

Q4. How can military families make the most of available benefits like discounts, tax breaks, and other financial perks? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A4 . Ask for and use a military discount whenever shopping for big or small items. Use MilTax for free tax assistance and ensure you are getting an EITC/CTC if eligible. Contribute to TSP, shop on base and use VA Mortgage when buying a home.#CreditChat #OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

@Experian #creditchat

[Jessica Hamel @FWCJessicaHamel]

@Experian A3. Start your budget early so you will be ready when deployment comes up. Track income and expenses, build an emergency fund, and create separate accounts for bills and spending. Keep debt low and live below your means. #CreditChat#OperationHOPE

[Jessica Hamel @FWCJessicaHamel]

A3. Start your budget early so you will be ready when deployment comes up. Track income and expenses, build an emergency fund, and create separate accounts for bills and spending. Keep debt low and live below your means. #CreditChat #OperationHOPE

[Experian @Experian]

Q3. What are some effective budgeting strategies for households dealing with unpredictable deployment schedules or frequent PCS (Permanent Change of Station) moves? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

A2. BAH/BAS pay are not increasing at the same rate as goods/rent has had an impact on military families. Families can maintain financial stability by budgeting, utilizing military benefits, exploring community resources, and seeking financial support.#CreditChat #OperationHOPE

[Experian @Experian]

Q2. How does the rising cost of essentials like groceries, gas, and childcare impact military families, and what strategies can help maintain financial stability? #CreditChat

[Jessica Hamel @FWCJessicaHamel]

@Experian A2. BAH/BAS pay are not increasing at the same rate as goods/rent has had an impact on military families. Families can maintain financial stability by budgeting, utilizing military benefits, exploring community resources, and seeking financial support.#CreditChat #OperationHOPE