The discipline and responsibility emphasized during boot camp carries over beyond the battlefield. According to a recent report by First Command Financial Service Inc., military members are better at saving and monitoring their money than civilians.
Here’s the report’s breakdown from Forbes.
Sixty-Five percent are likely to stick to a set budget versus 40% of civilians; 52% can be expected to check their credit scores versus 26% of the general population; and 45% of military families are likely to frequently meet with a financial advisor, compared with only 7% of the rest of us.
Aside from the values taught at basic training, military members are more careful with money because they are faced with more financial uncertainty. Due to defense spending cuts, sudden cross-country moves and lengthy overseas deployments, servicemen must diligently track their finances to prepare for the future.