CALEB CLARK, CIMA
EDWARD JONES INVESTMENTS
Transitioning from military to civilian life brings countless adjustments, with financial change near the top.
If you’re a veteran, let “Veteran Saves Week” Nov. 4-7 inspire you to focus on building financial confidence.
Civilian life may affect your expenses. For instance, if you lost your housing allowance, this impacts your expenses. The same is true if you lost commissary and exchange privileges where groceries are tax free.
With changes like these, you’ll want to update your monthly budget to include daily expenses, but also saving for the future.
And building an emergency fund is even more critical during transition. Aim for three to six months of savings to pay for expenses and to provide a safety net while you establish your civilian career.
Get help if you need it. There are transition support programs through the military and the Veterans Administration. And consider connecting with a financial advisor as well – one who understands the unique challenges you face.
This article was written by Edward Jones for use by your local Edward Jones financial adviser.
Edward Jones, Member SIPC
FINANCIAL FOCUS
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