Sacramento Bee: Military family finances are a battlefield
The Sacramento Bee has this story: For many in military, finances are a battlefield.
A snippet:
When Air Force Tech. Sgt. Larry Kight was a young recruit eight years ago, he got his first taste of an enemy he hadn’t reckoned with: money.
Just 18 and flush with his first full-time paycheck, Kight said he immediately went shopping for a used car. But he collided with a sobering reality: Dealers right off the base were showing him auto loans with staggering interest rates, as high as 20 percent. …
Today, the Travis Air Force Base sergeant is an advocate for the U.S. military’s recent efforts to better equip its personnel with money-saving skills.
Like many American households, some military families have been squeezed by rapidly rising prices for gas and groceries, as well as plummeting home values that affect mortgages and their ability to borrow.
The story discusses details pertinent both to active-duty families and those who are Guard or Reserve families (some of my local readers are in that situation). There also are lots of links for follow up information.
After the newspaper story was published Aug. 4, it was picked up at Military.com.
Posted: August 8th, 2008 under Financial Literacy, In the News, Military family.
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