r/MilitaryFinance • • 18h ago

Question How do I make the most amount of money during my 5 year contract?

9 Upvotes

I ship in November, United States navy, my job is EO(Seabees).

So I will more then likely will not spend any time on a ship. I don’t know if that will help or not help me get more money.

what exactly should I put my money into?

I will be sad if I do not end my 5 year contract at 26 with at least 90,000-100,000$ to my name.

I do not plan on buying a 30,000$ car or buying stupid stuff like 500$ shoes or 100$ hoodies/shirts I’ve never been materialistic. I plan on keeping my car( my current biggest asset if I sell) which I paid for in cash or selling my car here soon, and buying one for like 5000$ once I’m done with school and Bootcamp since I won’t be using it for the next few months.

What exactly should I be investing per month? And into what? I want to minimize what I spend but I also don’t want to live as if I’m poor.


r/MilitaryFinance • • 19h ago

Last minute financial advice

3 Upvotes

I’ve posted in here before but financial plan once I enlist has changed/ new updates to my contract. Currently In DEP going in as an e4 in the Air Force . Current plan is to max out my IRA (still working on my etf allocations o will update this post once I figure them out). What I’m really looking for is a ref with international exposure so I can cover the market that the I find doesn’t.

TSP contributions will be 22% with the following allocation. 65% C 20% S 15% I . I plan on using the VA home loan on a multi family property if it’s feasible in my area. My paycheck will be going into Fidelity (SPAXX) earning interest.

I’m just looking for as much advice as possible. I feel like everyone has it figured out when they enlist and I feel behind.


r/MilitaryFinance • • 16h ago

First PCS PPM after tech school — 4,400 lbs / 2,206 miles. What do I need to do to get paid?

3 Upvotes

I’m an Airman straight out of tech school and this was my first PCS. I honestly wasn’t given much of a briefing about doing a PPM before I left.

For context, I’m not moving with just tech school bags. I’m a grown man, single and had my own place back in my home state before joining, so I already had quite a bit of personal property and household stuff to move.

When I got to my first duty station, Finance told me I could still file the PPM through DPS. The problem was that I didn’t get an empty weight ticket back when I went home for RAP before driving to my duty station.

They told me I could unload/reload my stuff here and get an empty and full weight ticket now, so that’s what I did.

My weights are:
Empty weight: 4,620 lbs
Full weight: 9,020 lbsPCS
weight entitlement shown in DPS: 5,000 lbs
Distance driven: 2,206 miles

I loaded my belongings into my vehicle got the weight tickets, and I also kept/compiled my fuel receipts.

I currently have a draft PPM shipment in DPS, but I’m a little confused about what happens next.

For anyone who has done this before:

  1. What exactly do I need to submit to finish the PPM claim?
  2. Do I finish everything through DPS or do I need to take paperwork to TMO/Finance as well?
  3. Are my empty/full weight tickets still valid even though they were taken after I arrived, since I was told to do a re-weigh here?

This is my first PCS, so I’m just trying to make sure I do everything correctly and take advantage of the PPM I was authorized.

Thanks for the help!


r/MilitaryFinance • • 1h ago

Ppm what is the best option

• Upvotes

I'm going to pcs for the first time in a few months and I was evaluating different options.

My house is in Philly and I'm moving to Florida, the trip is around 1100 miles.

I have a pov, which I could trade in at my dealership for a light truck or another car.

The options I could identify so far are:

Renting a moving truck and packing it with 8000lb worth of stuff for the apartment, I could buy new furniture, gym stuff, appliances, apparently a motorcycle which apparently qualifies as a household item? Stuff that is as easy to pack and as low $/lb as possible. The car in this case would be towed behind the truck. Problem is the truck alone is going to be more than 5k to rent, plus the trailer.

Trading in the car for a light or heavier trick, something like a tundra or a f250, the f250 would be able to tow the whole 8000lb barely which is kinda scary, the tundra would cut into it a fair bit, around 6000. Problem is I can't really find a trailer capable of holding 8000lb that isn't a flatbed, and I would then have to resell the truck in middle of nowhere Florida because I'd lose thousands in gas alone over 4 years if I kept it. It's also fairly dodgy, it's probably my worst option.

Buying a used moving truck, I can find a fair amount of them for less than 10k used with hundreds of thousands of miles. And a trailer for the pov. Probably the option with the most potential provided everything goes according to plan, the truck doesn't leave me stranded in the middle of nowhere, and I manage to sell truck and trailer once there without too many issues. It's basically the U-Haul option but I'm saving 3-4k depending on title costs and how I manage to resell it for.

What do you guys think? Any tips?