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Financial Preparation for Deployment

I’ve learned a lot from my husband’s recent deployment.  As a result, I’ll be sharing some “Lessons Learned” with you over the next few posts.

Today, I will be discussing what I’ve learned about financial preparation before a deployment.

Even if you aren’t a military family, you can still benefit from these tips.
  • Be prepared to buy extras. You might have some things at home already, but your spouse will need one of their own while away, such as a computer, webcam, books, etc. Once you know that your spouse will be deploying, start stocking up on things that they will need in bulk, like deodorant, razors, shave gel, toothpaste and toothbrushes, etc.  Use coupons to get the best deals.
  • Include uniform expenses.  The two or three PT uniforms that they have won’t be enough and they may need three times the number of PT gear that they originally had.  They may also need new uniforms, depending upon where they are going.  We aren’t even going to talk about the need for plenty of underwear and socks…
  • Don’t forget about the miscellaneous deployment expenses. Just think about it…the care packages you will be sending, phone calls, babysitters, home and car maintenance…it can all add up.
  • Get discounts. Call your insurance and credit card companies and inform them of the upcoming deployment.  Some offer special rates for deployed servicemembers.  Also, your cell phone provider might offer a discount on your spouse’s phone during the months deployed.
  • Consider setting up automatic bill pay.  Deployments can be stressful, not only on the person deployed, but for you too, making it easy to forget to pay a bill.  Automatic bill pay helps you out.
  • Have a candid talk with your spouse about money.  There will be extra money coming into the household and it should be discussed as a couple as to what the money will be used for.  I have heard many horror stories about spouses splurging and buying new cars, new furniture, getting the family in debt by overspending, etc. As much as possible, use deployment money to increase your savings and keep living off your normal income. This extra money is only temporary.
Be blessed and have a great money saving Monday!
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{ 6 comments… add one }
  • Liz September 22, 2009, 4:34 PM

    Great post! We are facing a deployment this winter, so I definitely need to start preparing now.

    Found your blog on milblogging.com. I'm going to add you to my favorites. =)

  • Becky September 21, 2009, 1:04 PM

    Another hint for some of your readers – the soldiers and sailors relief act guarantees by law that all interest rates are capped at 6% for the length of the deployment. I've met a lot of people that never knew that. It takes some paperwork, but it's all in all a very simple process to do, and depending what your interest rates are – very helpful!

  • Proverbs 27:19 September 21, 2009, 10:58 AM

    This is all so true.

    smooches,
    Larie

  • Kathryn September 21, 2009, 10:14 AM

    Thanks for the tips! My husband has not deployed yet, but I am sure you will be soon, and this stuff is good to remember! 🙂

  • Julie Gillies September 21, 2009, 10:09 AM

    Excellent tips! There are so many things to do ahead of time. Our son will be getting deployed early next year, and I'm already ticking off all the stuff I can do to help our daughter-in-law before he leaves.

    Praying God's grace for you while your hubby is gone, and that the Lord will protect your man!

  • KK September 21, 2009, 12:33 AM

    Thank you both for your sacrifice!

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