Congratulations, you're a new recruit
Most new recruits find themselves gaining more responsibilities and entering into newfound independence
If you're not prepared, you could fall into some traps early. Being smart and disciplined about money are essential for your long-term success
And just like boot camp, you have to start with basic training. Create a budget
That means knowing what you're bringing in, like your military pay and stipends
what you have to pay out, like loan payments or credit cards, and then what you have left over
A budget is the best and most accurate way to manage your money, period
The best way to grow your money is to save it. Open both a checking and savings account as the home bases for your cash flow
Save for emergencies and use credit wisely. Only borrow what you can afford to repay and keep credit balances low
Pay bills on time every time and establish good credit because good credit helps you get lower interest rates
The idea is to set yourself up for success. Practicing healthy financial habits now paves the way for a healthy, wealthy financial future