#Money, Financial Resource

Where to Get Financial Help in an Emergency

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The life of a military family can be unpredictable. When emergencies strike they don’t consider how close you are to a family, and whether or not you have the resources to quickly reach the bedside of loved ones.  Ideally, we all have emergency funds and available credit to quickly react to these instances, but the reality is emergencies do not happen when you are ready and prepared.

Thankfully, there are resources available to assist  service members when life’s tragedies and financial obstacles arise.  Each branch of the military has a program available to provide emergency loans and grants to their members that may need temporary assistance to get through a financial struggle. Loans are required to be paid in full,while grants do not require any repayment. finance

Whether it is a dreaded “No Pay Due,” Leave and Earnings Statement (LES), or some other financial obstacle, here are few of the situations in which these service specific relief organizations offer assistance for one-time financial needs:

  • Emergency Travel
  • Funeral Expenses
  • Rent
  • Utilities
  • Vehicle Repair
  • Rent
  • Some medical and dental expenses

Visit Military One Source or the following service specific program pages, for more information on how you can receive help, as well as the eligibility requirements for each. In addition, the American Red Cross  also offers assistance to military families that need financial help.

You can also visit your installation’s Financial Readiness Program for assistance when an issue arises.  In addition, the military  also offers free financial counseling and coaching on budgeting.

Have you experienced a financial emergency?  Has one of the above programs helped you out in your time of need?

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