If you talk to any veteran, you will probably run into a million different reasons why they chose to participate in military service. However, regardless of their reason for getting into it, many financial advantages come out from it in the end.
In the categories of loans for housing, employment options, getting further education pay for, and healthcare benefits, veterans have certain advantages that allow them to save money. The basic equation is that since they were willing to put themselves out there in the interests of the country, the country will do something back for them.
Loans For Housing
The real estate market can be tricky if you’re looking to buy a house or an apartment. There are some theoretical and practical avenues that you have to navigate, and a wrong step in a different direction or two can end up costing you many thousands of dollars or a lot of wasted time and energy. You can use veteran’s benefits for housing in many different ways. Specific real estate agents give preference to veterans, and there are also particular veterans loans that are only applicable to the housing market.
Veterans have benefits when it comes to employment as well. Companies are often given additional financial consideration by the government if they hire veterans. Not only does it look good on paper, but it also shows that a company appreciates the time and effort that veterans have put into service for their country. The pay ends up being the same, but the opportunity for employment itself is a little bit different. So, on resumes, there is often a place to check a box that says that you are a veteran.
Getting School Paid For
One of the enormous benefits regarding money that you get as a veteran is that you can use the G.I. bill to pay for your school. And recently, the timeframe for using your G.I. benefits has been extended indefinitely. This means that after you get out of military service, you have as long as you want to use the money earmarked for college in the G.I. Bill to further your education.
A final financial advantage that you get as a veteran is concerning health benefits. Health insurance is such a hot topic right now because everyone is trying to figure out what they can afford. If you have prior time in the military, you have a slightly different set of options open to you. If you feel like you can’t afford some of the mainstream health insurance plans, you can talk to your local veteran’s office to find out what is offered in addition to typical civilian programs or as an alternative to them.