Enlisted Military's Guide to Money | Advice for New Military Members, Boot Camp & First Paycheck #131

The Military Money Manual Podcast

New enlisted servicemember's guide to personal finance! In this episode, Spencer and Jamie share all the financial advice they'd share with a new enlisted troop in their unit. It is possible to accumulate and save while on active duty as an enlisted service member!

If you're an officer, go check out episode #132 covering all the personal finance advice for a new officer!

Topics include:

• Money mindset
• Banking
• Tracking spending
• Debit vs Credit
• Emergency Fund
• Keeping up with the Joneses
• Prioritizing what matters to you
• Temporary sacrifices bring long-term gain
• Thrift Savings Plan (TSP)
• Roth IRAs
• SGLI and insurance
• Account security/two-factor authentication
• Why you shouldn't buy a house while on active duty

For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call.

Links mentioned in today's show:

• The Confident TSP Investing Course (free for E-4 and below- just send us an e-mail for a promo code!)
• Military Money Manual: A Practical Guide to Financial Freedom by Spencer Reese
• Monarch Money
• YNAB
• Wise

Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email [e-mail].

If you want to maximize your military paycheck, check out Spencer's 5-star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.