A career in the military is very appealing to a lot of people. Spending your working life with like-minded people and enjoying exciting adventures is a big part of this sort of role, though it would be wrong to ignore the tougher side of this sort of work. This hardship is widely recognized around the world, and this means that veterans can often get perks for their service that other people don’t have access to. But how exactly can this impact your finances? Let’s take a look at what your veteran status could mean for your money.
Store Discounts
Whether they simply want to look good or genuinely care about veterans, many companies offer discounts to customers that have served in the military. Coffee shops, bars, and even regular stores can be found like this, giving you access to price reductions for the rest of your life. Some places won’t even expect proof of this, making it nice and easy to enjoy this perk in your day to day life. Of course, though, it’s worth keeping in mind that not every store can do this, and it could be worth doing some research online before you go shopping with this expectation in mind. Businesses will usually only do this as an internal policy.
Financial Services
Much like going into stores, many veterans find that they get preferential treatment when they look for financial services like mortgages. Banks and other lenders will often give veterans better deals to reflect the fact that they have given up so much of their lives to protect the country. It’s well worth researching Veterans and Mortgage Qualification in your area to see if this sort of benefit can apply to you. This can help you to get your hands on a mortgage far more easily than you will be able to with a traditional lender, making it well worth looking at this sort of option when you are deciding which route you’d like to take with your home.
Pensions
Finally, as the last area to consider, it’s time to think about the pension you’re able to get from your work in the military. While those in lower positions won’t benefit as much from this, a career as an officer or an even higher rank can result in a massive pension that will make it possible to retiree much earlier than someone in traditional work. This reflects the amount of time you’ve given away, as you will have been working 24/7 while on tour and at bases, and this means that the number of hours you’ve worked will be very similar to a full career in another field.
Spending your life in the military comes with a lot of perks, and it’s always worth considering this when you have the chance to go for a role like this. Of course, though, this can be even more important to those who are already veterans but didn’t realize that they could take advantage of their status like this.
