Military OneSource is your 24/7 connection, from the moment of enlistment through 365 days after separation, to information, answers and support - your one source for your best MilLife. Our mission is to advance the wellbeing of active duty, National Guard and reserve members, survivors and their families. Our confidential support services include specialty consultations on topics from financial counseling and tax filing assistance, to special needs support and wounded warrior resources. Explore our spouse education and career opportunities to achieve your goals at any stage of your military life. And when you just need to talk, experts who understand the military community provide private, non-medical counseling to help you through relationship challenges, job stress and more. You can rely on us for worldwide access, anytime, to receive no-cost support. Engage with objective and experienced experts who are committed to helping service members and military families thrive. You can also take advantage of the online webinars, podcasts, downloadable products and materials, military installation information and more. Connect with an expert today by visiting or calling 800-342-9647.

Military OneSource Feature Story

How to Create a Financial Plan for Every Phase of Life

A financial plan evaluates your current financial state, sets goals for your future and makes a concrete plan for financial freedom. It helps you prepare for anything and gives you and your family a roadmap to help focus on the financial mission. Here’s what you’ll want to consider as part of your plan:

• Determine what kind of debt you have. Understanding the difference between “good debt” and “bad debt” helps to figure out what needs to be paid down first.

• Never miss a payment. Always pay at least the minimum balance due each month.

• Work on paying down one credit card at a time. Start with the one that has the highest interest rate.

• Consolidate student loans. Combining your student loans into one loan can make it easier to manage the payments each month

• Creating security for later. Think about what the future holds for you and your family, and ask yourself: What kind of financial cushion will we need to face life’s milestones?

• Build an emergency fund. Financial advisors usually recommend saving three to six months of living expenses in case of an emergency.

• Saving for college. If you think paying for college for yourself or your children is in the future, you may want to look into different plans for financing a college education, such as a 529 plan.

• Saving for retirement. Although it might be hard to imagine now, saving for retirement is one of the most important ways you can secure your financial future.

• Investing for growth. You have many different investment choices if you want to grow your personal fortune. Understanding the relationship between risk and return is important before investing. For more resources or support, visit, call 800-342-9647, or connect with a personal financial counselor.


Marcie Caulfield
VT Military OneSource Consultant

(802) 338-3164