If you're a servicemember with a lot of debt to pay off, you're not alone.
In fact, a recent survey found that 27% of servicemembers had more than $10,000 in credit card debt, compared to just 16% of civilians. Add that to the fact that the unemployment rate among military spouses is roughly 26%, and you can understand how so many military families can feel overwhelmed when faced with debts that continue to accrue interest.
But, there is hope and a path forward through financial education.
AAFMAA's Director of Partnerships and Member Engagement, Sarah Bumgardner, shares three smart financial strategies in this 5-minute video to help you get a hold of your finances and clear the way for a brighter financial future:
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