I’ll be deploying for the first time in a couple of months. I’m wondering if it would be a good idea to max out my TSP, enroll in SDP then send the rest of my pay to my HYSA.
I’ll be packing up my apartment and putting everything in storage. No dependents to worry about. I’m pretty sure I can pause my car payments and put my car in storage status.
I’d like to purchase a home when I get back, so I’m trying to make sure I’m being smart with my money.
Should be making over $5k per month while I’m over there.
Deployment Finances
byu/Alive-Translator6914 inMilitaryFinance
Posted by Alive-Translator6914
2 Comments
First of all, pausing your car note is not a thing. Either keep paying it or sell it. Also, in the many TDY and deployments I’ve been on, no money is guaranteed until it hits your account. I’ve seen many orders and amendment be changed affecting per diem and what not, so I would only count on the money you’ll be saving from current income sources.
Dont pause car payments, if anything snowball payments into it to get rid of that payment.
As for buying a house, you can use VA loan so you don’t need to put money down, but will have to pay funding fee, which you can roll into your loan.
Definitely research buying a house while on deployment and talk to people who have bought before so you’re ready to do so if you want to when you get back.