How Many Bills I Pay In The Military | Military Money
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- Today I talk about my Military pay. Military Money is not a lot since I'm in the Army but hopefully, you guys can get an idea of how I manage my money in the military.
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0:00 Intro
0:44 How Military Pay works
2:23 What The Army Pays Me
3:50 What Gets Taken Out
5:50 What Bank I Recommend
6:40 Benefits On Top Of Salary
7:14 How Much I Have leftover
7:40 My Monthly Bills To Live
8:46 Optional Monthly Bills
9:46 Why I Don't Save Money
#military #army #money
Do you think the military gets paid enough?
YES...in a word
Yes and no. But hey, 4.6% pay increase in 2023 is better than no increase.
No
work is low for lmao😂
n o.
I'm impressed with your budget. 1500 a month in investments and 5% in your retirement funds is so smart. Most people your age are just buying a bunch of bs. Wish i could go back in time and do this myself.
lmfao thankyou!
You don’t have to go back in time never to late to start NOW! I’m 23 and just now joining the navy everyone has there own timeline 💯🤙🏽
I'm 36 and tired of the bullshit. Wasn't eligible at 18 because of asthma. Looked into it again because I'm just pissed at dead end jobs. Enlistment bonus pays my student debt. Even after a lot of crap piled on (surgeries, debt, criminal record, still have the asthma but under control) I am eligible for waiver after all this time. It's because 77% of gen Z is either obese or dumb as shit apparently and they are hurting THAT bad. I can't believe that 3/4 of the current generation is just not eligible. Take care of yourself kids. That is truly pathetic.
I wish that they would have just let me attend from 18-21. I haven't decided yet. I am leaning that direction though.
Knowing what you know, would you enlist in my situation?
@@marcelouscrosby7550 facts im 24 and joining the army rn
@@kirkjordan8718 thats simply not true. The recruitment is behind because gen z is actually smart and aware of all the negatives of the military only problem is is that they only see the negatives cause yes someone has to go out and do the shooting but many ppl think thats what everyone does cause thats all thats talked about. Gen z is easily one of the smartest generations at such a young age because they’ve been exposed to so much.
Very smart young man! Most people your age don't pay themselves by saving. Way to go!!
each day you save is a day you don't have to work in the future!
@@AaronbTVwhat if you're single mom do military pay for your rent for basic training do you have to live on base or off
6:46 "I still got four legs you feel me" 😂
Lmao I was look for this comment
😭😭
My Girlfriend joined the military and don’t want to admit it was a bad decision financially, she doesn’t know how to budget, had problems in the civilian world and thought the military would solve it, however I don’t see her improvement. Great experience and definitely will help you down the road, but people joining have to be smart like you my boy!! I am considering joining even thou I’ll will take a 20k pay cut, I just wanna serve and experience the lifestyle and benefits, I will returned yo my regular civilian world after, thanks for the video good info
its best to enlist/commission as something that will better your education (for free) like an IT guy or something that can only be done in the military like a tank crewman
20k pay cut, but you will have housing, healthcare and food for free. So you might even be making more money than before
@@logan_2Fr you are saving way more in the military
Can also consider national guard or reserves and see if tht benefits you. A lot of benefits with those options as well, and not too far off from the benefits of active duty. Instead of quitting ur job and doin a 3-4 year contract active duty, you can go NG/reserves and the only time u miss from ur civilian job is Drill days, 3-7 days a month and two weeks in the summer. May get deployed but thats about 9-11 months away from ur civilian job as opposed to a 3-4 year contract. Plus deployments help u earn more benefits (for NG/reserves) tht active duty folks already get, sooner.
You should probably run if your girlfriend is financially irresponsible, military isn't going fix that and she'll might drag you down with her.
As someone who studies finance i give props to you as you seem to be very smart and knowledgable with your finances
Great video. Financials in the military is definitely a hot topic but honestly it really depends on someone’s choices and lifestyle
Definitely from Detroit I can feel your spirit! Good work brotha💯
A lot of good points. Thanks for the time and effort on this video
My 2 sons (17 & 11) both plan on joining the military and you have helped us SO much with your content. God bless you.
Great video bro, you guys are definitely getting paid more than I was in the mid 2000s as an E4.
Literally been watching your videos back to back bro🔥 I’m planning on joining the army and watching your videos just makes me wanna join even more😭
happy to help bro!
Did you end up joining
Great video my guy
im 19 and plan on joining the air force in February bc i wanna travel and explore the country/ world. but i also want to get my college payed for also in cybersecurity/ information technology. that part really stood out to me. if u see this let me know how's it going brodie and keep up the good work
dude im 17 and doing the exact same thing as u but im going in june
@@vanity.exe69 nice I swore in 2 weeks ago. Haven’t left for basic yet but I do know what my jobs is. I got client systems apprentice. Basically tech support but like all other 1D jobs I get top security clearance and graduate tech school with a sec+ certification.
@@vanity.exe69Sameeeeeee. I'm not going in June, but I'm 17 and I'm going into a recruiters office monday and I'm going for cyber security.
I’m 29 and that the path I’m on.
@@vanity.exe69im 19 bro and man im leaning to join the marine corps active duty in July or fall im just doing research trying to decide if I am forreal about this
I hope to hang around people like you if I get in. Im going to use all thr resources I can to grow and develop as a young adult. Thanks!
I’m going in as a 92R soon I’m so excited to be airborne I’ve always dreamt of skydiving ever since I heard my grandfather was in the AF. Keep your head up bro you’re doing great🙌🏽💯
Fr don’t pick that you’ll regret it
@@reedsmall2601why?
@@wilder7659 there are many better jobs to go airborne then being a parachute rigger you’d regret it after a while
You know why this is one of the best videos I've seen about the financials of the military so good s*** man and I completely agree with your statement don't save money but that doesn't mean you shouldn't have some put away for an emergency I'm about to enlist in the next week and I'm probably going to follow this video it's some of the better advice I've seen
The echo is hilarious ❤
You should make a video on the steps to register for your college classes online on amu and army ignited with tuition assistance
Thank you for the video!
For some of you who may think is low pay, I'm a software engineer in latin america, with 3 years experience, barely making 19.5 K a year before taxes and deductions, and that is consider a very good salary, take into account I have to spent half of my income after taxes and deductions to pay for rent, food and general stuff, latin america is not as cheap as you may think. And defenitely the army is hell of an option, not having to pay for food or rent, really is a blessing, thank you to all of you serving!
Is the same here. After taxes, paying the bills and putting food on the table you ain’t left with much.
How is it in your country’s military? Do they expect soldiers to pay rent to live in the military installations?
Great video! They need to play this in high schools all around the country instead of recommending kids take on $100K in debt to go to college.
Considering low income countries... the amount of salary is huge.
My man said I got 4 legs @6:48 lol. Nice video though
thank you! I wanna be a 68E aswell
Being in the military as enlisted is like being on welfare but also better, they'll provide basic needs for free, housing, food at chow halls, medical, etc, and will also pay for schooling and other extra bonuses. Still you have to commit your own life in wartime and risk getting killed on the front lines. In my MOS, the survival rate during wartime on an active front, like a Vietnam firefight for instance, was only 5 minutes!
Well you have to remember, not everyone is going to see combat. There are countless careers throughout the branches that won't see a single second of combat
Bro you funny.
“I have 4 legs(6:48). 😂😂
When I was in Romania my only bill was my phone bill. I lent my car out to a family who needed an extra car even if it was temporary and they took on insurance responsibilities for it. I did my fair share of sight seeing when I was off duty, but for the most part I was saving pretty much the entirety of all my paychecks.
I’m 31 and looking to join the military part time.
Currently work for the national guard as an internal auditor.
6:46 my guy said he is still healthy with 4 legs 😂
Thanks for serving. You make it possible for us veterans to get out.
Life in the army and Air Force don’t look too different after basics I’m a senior right now and I plan on enlisting I’m still not sure which to do yet but I’m only leaving towards the Air Force only cuz I live in SA where Lackland is but the army seems cool to and there is a way bigger signing bonus
don't fall for the signing bonus, if you're good with money you won't need it and if you're bad with money you'll lose it all before you leave. it will 100% be more worth doing the job you want for 4 years than a $40k bonus
Signing bonuses are split up over time. You don’t get a lump sum.
"I got four legs feel me"-Aaron
Can you make a video on why you believe the army is a better branch to join then the air force ? Because I stuck between the 2
We’ll pay is the same and it really depends on the lifestyle you want Air Force is 100s of times more chill then the army and you will never see combat in the air force
Currently as a Specialist in the Army i save roughly $2000 every month after putting 5% into my Fund. Its all about smart planning and at any rank you can save nearly your entire paycheck if you really want to.
How? Please guide me
Dope
27 years and just talked to an air force recruiter today.
How’s it been
Any updates
most americans that make 100k a year in the civilian they only bring in 50-60k after taxes and on top of that healthcare and copays your spending 20k a year and saving for retirement is nearly impossible
Funny.... my buddy made 102k gross and net it was about 80ish and that was 2022
Worst case scenario dude.. it depends on the state you live in. Texas if you make 100k a year .. unadjusted salary that will turn out to be 84k a year
If you’re still in school, Spotify provides a student discount bringing it down to like $6/7 dollars 🤧🤑
You are very wise. You’re older self is going to thank you.
🔥🔥🔥
💯
Man. When I get in, not payin 1700, I’ll def take my pay cut to not pay that. On top of food and miscellaneous stuff like apt insurance, and just sheesh
so I'm 24, I'm in the NJ Army National Guard, and joined about aa year and a half ago. I would say, if your like 17-19, go Active Duty, it'll give you the discipline you need at that age, and if you adopt the right mindset, and talk to the right people, it will give you the financial literacy you need at that age. if you're want to join, and your a bit older, like I was, go part time, I didn't really go to college, so I got most of the discipline I needed through working, and most of the financial literacy I needed from being rat poor (talking 5 or 6 packets of Raman, and whatever I could steal from work, so like a chicken tender and a few grape tomato's every other day as my food for a whole week, poor. talking a girl dumped me because I looked like a "no no German camp survivor" paraphrasing because TH-cam, but her words, poor) and desperately trying to get myself out of that situation, learning how to budget, save and so on. so if you've built that discipline, and those skills to a degree, but want to expand them, go part time. if you mostly lack them, go full time. but whatever you do, use the Military as a tool and resource to better yourself
Military def. Don't get paid enough but, with this money if i did the same as you id still be able to live decently.
I Lowkey wish I took my finances a little more serious when I was in.
Bro when u said im still alive i got 4 legs.😂😂
Thas alot
Tidal is king spotify is non audiophiles
Navy Federal is by far the best tbh for any person in the military. I use it myself and the rates are pretty good.
For the 48 states mostly is great my homestate is different.
💯
My boy is a low-key genius with his investments. #E4Mafia. Lol
Ayyy bro quick question if you're not in uniform can you have your chains out?
Yes
@6:48 having 4 legs is wild my guy 💀
When did you get paid the first time in BCT?
in 80 13k from home i still payed Nys taxes thre recruiter forgot to tell me in87 with 8 yrs in E-4 i took home apox 370.00 a month stationed in korea with airborne pay
What do you use to invest?
What Six Flags?...Where?...just curious....Also...you get paid if you get in an accident 'off duty' and need 3 years to recover...they cover that...and you none of your leave Your main mission is to get well...just adding a little...I still have TSP...I do 10%...USAA is the best! hands down, imo. Good sound advice and thoughts!...good to talk it out and hear it! Thanks!
Six Flags Great America!
@@AaronbTV OH...up there in Illinois somewhere...I live 'close' to the Maryland Six Flags...Thanks for the reply and see you on the next one!
Did you do the smp program and if not could you make a video in it
Just wondering-- how or where should I look to start in investing? I've been interested in investing or moreso the idea of investing for a while, and the way you incorporate it into your life in the barracks is just ingenious. Im about to enlist later on this month or once I set a meeting up with a recruiter, and I know the pay wont be as much as yours due to rank and time in, but I still want your insight regardless🙏
Look into Titan I’ve been using them the last 6 months and they’ve made me and average return of 6% during this time
you can controll it by getting an LLC bro
How these investments going my man?
Got a question my G. The military is paying you 3k, what about your mos or your job? Do they pay you 3k plus your job?
I understand what you were trying to ask but I’m struggling to find the right words to answer you, I am going to try though. When you are recruited you are assigned a MOS(Job) and you get paid only for that job. You do not receive any additional pay for being an active member of the Armed Forces, just for being doing your job day to day AS an active service member. Hope that helped
If someone died in the army how much money the family get ??
Damn. You pay about $60 car insurance bc you’re in the military? My insurance rn not being in it is $220
His insurance is that cheap property because he has a paid off car and just has liability. No way he has full coverage and it's that cheap.
money. Its not about how much you make, but rather what you do with what you have made.
Bro said he got 4 legs😂
HOW TFFFFF IS SPOTIFY BETTER THAN APPLE MUSIC
Listen man I only use Apple Music cause I get it for free with Verizon just saying
I like Apple Music
Trying to join ngl.
Risking ya Life for 36k is crazy When you can Get your credit up and Get loans in play with there money
Hiya, Getting ready to ship out in a few weeks so please respond as soon as possible. Is there a way I can get my bills mailed to me in a paper version during AIT and beyond? i.e. your T-Mobile bill do you receive paper statements on what you owe or do you do all that online? Do you have your bills on auto-pay or can you pay them manually once you get to AIT and beyond? when you went to basic did you have a debit card? how did you know how much money you had on your debit card?
In AIT, ask your drill instructors for the mailing address, you will have to go to mail call. I pay everything online set to autopay and get all my statements online as well.
In basic you can will most likely get phone time, you can check then. In basic, you can also check when you guys go to an ATM
Where are you currently going to school?
Hold up he said he had 4 legs at 6:49
Do you plan on becoming an officer later on?
Stay tuned and find out !
Why didnt you include the midmonth pay in your final income? And what is midmonth pay
That is his monthly pay he combined both checks right there
Spotify all day
Where do u buy some stocks that are safe and reliable?
I haven’t used Spotify premium but Apple Music is what I use I like it what’s the differences?
The military dosent pay enough at all tbh but if you leave the military broke it’s on you I’m 18 with a wife and a car payment and I’m doing well off for a e2
What branch you serve? And thank you for your service.
@@Shadow_Sketch I’m army and I’ve done nothing to deserve thanks but I appreciate it
Hey bro I really appreciate the video topic. I’m learning a lot and it’s helping me a lot greatly. I want to know if your able to make videos and teach us how to invest into crypto or stocks. And the processes to doing that? Like step by step tutorials. Or like wherever you invest your money in. Your very brilliant and wise.
Thx for the vids bro bro
What about starting bonus
bro does not save that's crazy
Yeah my workstudy ain’t touching this
😂😂
Bro I ship off to basic in January I’m fucked🤣😭
You’re gonna be fine bro, if not, it’s been a good run
@@AaronbTVCan I sign for 2 years on the active army ??
This mf probably running right now😅
How much money u gettin
Deezer is the best period
Did no one peep when he said he has four legs? 😭 @ 6:46
after your college are you going to stay in the army?
No idea yet, the goal is to have as many doors open for me!
is that investment account a retirement account or a brokerage account that you can withdraw money from wherever??
I have 2 separate accounts for retirement and I have more than 1 for my investments which I can take money out of whenever
How you get your freedom
My man got 4 legs 😂
Wait wait wait hold up did you say 24 HOUR SHIFTS??! How does this work? I thought you wake up very early and then get off work during the day? My recruiter told me he sometimes gets off work by 2pm on Fridays. Please give me more information because I don't want to join any military branch if I have to work 24 hour shifts per day! 🤦😭
you won't always have to work 24 hours but sometimes you will be asked to be on duty for 24 hours but you will get breaks.
@@AaronbTV Okay well thanks because now I'm gonna ask my recruiter about this 💕
@@adrianayahyisrael6029 did you later get into the army?
If you live outside the base and you need them to pay your rent like how much would my income be if I want to join
6:45 4 legs😂
How’d you lose money from your mid month pay. I’m so confused
I like pandora
did you say four legs at 6:49?
you got four legs ?! lol (time stamp ) 6:47
where you get your necklace
The big issue for my dating life going in with a bachelors degree I would go in as an E3 in the Air Force. Am I going to be able to bring girls back to the barracks? Are there going to be noise complaints? This may sound silly, but this is a huge part of my life as a civilian that I don’t want to give up.
You'll be fine in the Airforce, Just have to deal with curfew
So its not clear how much you get every month total net. Like with all the deduction
Hey a question that I have for years can a army soldier give u a speeding ticket