Archive for the 'Defence Personnel & Finance' Category

Budgeting for the Defence Personnel! Part 1 of 2

Personal budgeting is a crucial part of any persons financial preparedness. For a defense person, it is a part of your military readiness and peace of mind, for both single service members and military families. Budgeting and planning ¬†your income and expenses with your spouse prior to your deployment will keep you both at ease. […]

Investing mistakes by defense persons

The mistakes that I have seen investors make are in other parts of this blog…this one is specifically for people in the army. Includes mistakes by retired army personnel. (please note I use military, defense, etc. interchangeably… Opening an account in every place where they are posted. It is not uncommon to see defense persons […]

Financial challenges for defense personnel

I have not had much interaction (ok, not enough) with people in the armed forces, but here is a list of problems that many of them have spoken about..let me list them: Forces people are not money concerned: It is one thing being money minded and a completely different thing to mind your own money. […]

The Military Spouse!

You have completed 10 years in the armed forces and you are looking for a bride, great. Now all of us looking for a bride have known that we should look for a compatiable bride, but for army folks it is far, far more significant. Wonder why? Simply because as a defence person you are […]

War and Personal Finance…part 1

‘Be Prepared’ is a scout motto and defense personnel are commonly asked to go and ‘Take Charge’. Both these phrases can be used for personal finance too. Any financial planner will ask you to ‘be prepared’. When I meet an army person with regard to his finances the first thing that I feel like telling […]

How does inflation affect financial planning?

The more I write and the more I communicate with people new to finance, the more I realise the need to ‘de-jargonise’. However I am also convinced that if you need to use your money, it is necessary for you to learn simple words like inflation. With Wikipedia, Investopedia and Google around, I do not […]

Defence Personnel: Take Charge!

  If I were to write a book on personal finance, personal fitness, diet….I would love to call the book “Take Charge” Simply because that is exactly what you need to do with your health and /or your finances. Also only when you take stock of the current situation (i.e. make your balance sheet) will […]