Military-money

2017 Military Pay

The 2017 military pay increase has been signed into law at 2.1% keeping with private sector wage growth. This increase is .8% higher than the 1.3% increase in 2016. The pay increase will mean about $550 more a year for most junior enlisted troops and about $1,800 for officers. The 2.1% increase went into effect on January 1, 2017, as approved by the FY2017 National Defense Authorization Act. Typically Congress and the President agree on a final version and … [Read More...]

BAH Basic Allowance Housing Rates

2017 BAH (Basic Allowance for Housing) Rates

The 2017 Basic Allowance for Housing (BAH) rate has increased on average by 2.4% or approximately $41 per month, according to a Defense Department news release. The new BAH rates took effect on January 1, 2017 and service members will see their first increase on their January 15th pay. While the BAH rates will be increasing for many service members this year, the BAH program also includes a plan to slow growth, which will eventually achieve a 5% out-of-pocket cost for living expenses. For … [Read More...]

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2017 Military Pay Charts

2017 military pay charts reflect the 2.1% pay increase set forth in the FY2017 National Defense Authorization Act. The 2.1% military pay increase went into effect on January 1, 2017. The defense bill was signed into law by President Obama on December 2rd, 2016. Notes: 1.  Basic pay for an O-7 to O-10 is limited […]

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Scholarships for Military Spouses

Although many are unaware of this valuable military benefit, the military spouse clubs near military bases frequently offer scholarships for military spouses. Scholarships for military dependents are a great way to save money on … [Read More...]

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