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Money Challenges Affect All Walks of Life
Military people and civilians face common tests of financial resilience
Life has lots of challenges. Whether it’s a sudden job loss, medical emergency or economic downturn, financial stability can quickly be put to the test.
Building financial resilience is crucial to navigating these uncertainties, letting people and families maintain security and peace of mind.
Krystel Spell, manager of military programs for Veteran Saves, has a special interest in the welfare of service members and their families, which often translates to the general public.
She, along with financial experts at consumer credit reporting company, Experian, looked at financial resilience and how to build a safety net to weather life’s unexpected challenges.
Financial Readiness Has Greater Importance for Military People
Being financially resilient lets people withstand and recover from financial shocks — job loss or unexpected expenses — and retain long-term goals. Have savings, diversified income streams and a mindset geared toward adaptability and careful financial planning.
“Helping vets become financially resilient means building a stable economic foundation…
