• Home
    • Resource Library
  • Blog
  • Free Primitive Patterns
  • About
    • Privacy Policy
    • Terms of Use
  • Contact Us

Prim Mart

For Home, Garden, and Lifestyle

  • The Home
    • Decor & Design
    • Cleaning & Organizing
    • Buying and Selling Homes
    • Electrical & Energy Use
    • Heating & Cooling
    • Home Appliances
    • Pest Control
    • Plumbing
    • Roof Maintenance
    • Security
    • Tools & Equipment
  • Outdoor Living
    • Gardening
    • Landscaping
    • Lawn Care
    • Patio Decorating
  • Art & Crafts
    • Craft Tutorials
  • Food
  • Lifestyle
    • Family
      • Parenting
      • Pets
    • Beauty & Fashion
    • Finances
    • Education
    • Fun
    • Legal Matters
    • Technology
    • Car Care & More
    • Celebrations & Holidays
    • Safety
    • Shopping
    • Travel
  • Wellness
    • Dental Health
    • Diet & Fitness
    • Holistic Health
    • Mental Wellness
    • Physical Health
    • Self Improvement
  • Work & Business
    • Business Tips
    • Business Marketing
    • Office Design
    • Building Upkeep
    • Career Training
    • Work at Home
Home » Lifestyle » Finances » Benefits New Military Personnel Should Know About

Finances · July 8, 2020

Benefits New Military Personnel Should Know About

Joining the military can be a rewarding experience, and it comes with benefits and resources that make it even more worthwhile. In addition to serving your country and learning valuable skills, you’ll be able to reap the rewards every military service member does once he or she enlists. From paid 30-day vacations and travel discounts to discounted life insurance and housing and food allowances, serving in the military can be beneficial for both you and your family. Here are just some of the benefits of joining the military.

1. Military Pay and Benefits

Becoming a member of the military means you’ll get competitive pay and benefits packages, just like you would as a civilian. But more than that, you’ll get enlistment bonuses, advanced enlistment rank pay opportunities, and special pay. Enlistment bonuses will vary from branch to branch so ask your recruiter for more information. Advanced enlistment rank pay opportunities are offered once you go up in rank, and special pay is offered on top of your base salary for things like hazardous duty. You’ll also get military medical care as part of your benefits package, which covers health insurance costs and dental expenses. For help in maximizing disability benefits from the VA in Arizona, check out the info found here.

2. Discounted Life Insurance

Getting life insurance as a military member should be a top priority and getting it at a discount is a perk you can’t ignore. Life insurance can not only protect your family from financial hardship in case of your sudden passing, but it can also help them pay off your debts (like a mortgage), cover burial expenses, replace your income, and pay for everyday living expenses for years to come. Military families can enroll in life insurance for as low as $12 a month and get competitive military-related benefits and coverage flexibility from companies such as USAA. Life insurance gives you the peace of mind knowing your beneficiaries will have a safety net in case something should happen to you.

3. Housing and Food Allowances

New military personnel can also look forward to receiving housing allowances or room and board as a perk. That means while you’re on active duty, you don’t have to worry about paying for housing costs. You’ll also receive free dining or money to pay for meals. You’ve also got the option of free, prepared meals-to-go.

New military recruits usually live in group quarters with shared bathrooms during basic training, but beyond that, service members are able to live with their families in modern, on-base housing communities similar to what you’d get if you lived off base. These communities are similar to civilian communities and typically have theaters, schools, libraries, shopping centers, commissaries, banks, restaurants, and other establishments.

4. Paid Time Off

Getting paid time off in the military is a lot different than PTO policy at a traditional job (More about: what is a PTO policy).  In the military, you’ll get 30 days of paid vacation every year, whereas, at a regular 9 to 5, you’d generally only get two weeks. What’s even better is that military service members often have access to free or low-cost travel to almost anywhere in the world. What’s more, your extra leave time can be sold back to the military if you have a surplus of leave time. Every day of leave you have saved can be sold back for one day’s base pay.

5. Retirement

Another benefit of being a new military service member is that you get automatic retirement benefits. Once you enlist, the Uniformed Services Blended Retirement System (BRS) automatically sets aside three percent of your basic pay and deposits it into a Thrift Savings Plan (TSP) for retirement. You can get your contributions matched after two years of service. Your military retirement pay will also depend on the amount of time you spent in the military and when you enlisted. After you hit 20 years of service, you can either receive a monthly pension for life or receive a lump sum (which is essentially a discounted portion of your retirement).

Taking Advantage of Your Benefits and Resources

As a new military service member, you’ll likely have access to the benefits and resources named above and many more. Serving your country is an honor and a privilege, and it just happens to come with perks. Knowing that all of these resources are available to you and your family can put you at ease and give you the peace of mind you need to enjoy your time in the service.

Spread the love

Posted In: Finances

Never miss a post!

You’ll Also Love

8 Things About Ethereum You Likely Haven't Heard About8 Things About Ethereum You Likely Haven’t Heard About
What You Should Know About Children's CharitiesWhat You Should Know About Children’s Charities
Habit Overhaul - 5 Tips For Developing Healthy Financial HabitsHabit Overhaul – 5 Tips For Developing Healthy Financial Habits
Next Post >

The Kitchen Upscale: Be Happy in Your Home

Search

Hello There!

Welcome to Prim Mart! I'm Katharine, a mom, wife, and blogger with a passion for all things related to homemaking and enjoying life. Prim Mart was founded in 2001 and has grown from just a craft blog to an online lifestyle magazine filled with helpful and creative articles for you!

AntiqueFarmHouse
300 X 250 banner

Archives

Categories

Garden Tower Project

Copyright © 2023 Prim Mart · Theme by 17th Avenue

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More

Accept Decline Cookie Settings
I consent to the use of following cookies:
Cookie Declaration About Cookies
Necessary (0) Marketing (0) Analytics (0) Preferences (0) Unclassified (0)
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
We do not use cookies of this type.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
We do not use cookies of this type.
Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
We do not use cookies of this type.
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
We do not use cookies of this type.
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
We do not use cookies of this type.
Cookies are small text files that can be used by websites to make a user's experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
Cookie Settings