"Members of the military, especially those with families, often have a tough time handling their finances, both while serving and when returning to civilian life. Many serving military are young, with little or no training in financial affairs, and face frequent deployments and relocations--all of which can wreak havoc on their finances. This informative and accessible book provides a one-stop guide to navigating the many financial issues facing today's military while serving, when preparing for transition or retirement, and during their post-military lives and careers. It covers general financial planning along with many specific aspects of money management vital to military members and their families such as the following: Using effective banking practices -- Developing sound investment strategies -- Planning for retirement -- Finding affordable life and health insurance -- Buying or renting a home -- Constructing a family budget -- Paying and understanding taxes -- Understanding options for those who can no longer work due to injury."--Back cover.