Inflation is a reality that affects everyone, but for military families who frequently move, it can present unique challenges. With the rising costs of goods, services, and housing, finding ways to stretch the budget becomes essential. While inflation may seem like an unstoppable force, there are sustainable strategies that military families can employ to mitigate its impact. Is there a way to fight inflation as a military family who is mobilized every two to three years?
Sustainable Budgeting Tips for Military Families
- Embrace Minimalism and Flexibility:
One of the most effective ways to stretch a budget is by adopting a minimalist approach to living. This doesn’t mean sacrificing comfort or quality of life but rather focusing on what truly matters and eliminating unnecessary expenses. For military families who move frequently, this also means being selective about possessions. The fewer items you own, the less you’ll spend on moving costs and storage. When purchasing new items, consider their portability and whether they’ll fit into future homes.
- Utilize Military Discounts and Benefits:
Utilize all the military discounts available to you. Do not be afraid to ask a business if they offer a military discount; they wouldn’t offer it if they did not want it to be utilized.
- Plan for Housing
Benefits such as the Basic Allowance for Housing (BAH) can help offset housing costs, though it’s essential to budget wisely, as the BAH rate may not always cover the full cost of living in high-cost areas. Consider living on base in high-cost of living areas to allow flexibility of the budget elsewhere.
- Container Garden
A container garden is a versatile and space-saving way to grow fresh herbs and vegetables that are easily incorporated into daily cooking. Consider planting herbs like basil, parsley, and rosemary, which thrive in containers and can be harvested regularly for use in a variety of dishes. Choose veggies that bloom and produce in the first season. Cherry tomatoes are another great choice, offering a sweet, fresh addition to salads and pastas. Peppers, whether sweet or hot, also do well in containers and can be used to add flavor and spice to meals. Leafy greens like spinach or lettuce grow quickly and can be harvested multiple times, providing fresh, home-grown ingredients for salads, sandwiches, and more.
5. Smart Shopping and Meal Planning:
Food prices are a significant component of inflation, and they can vary widely depending on location. To combat this, military families can benefit from smart shopping and meal planning. Shopping at military commissaries can offer savings on groceries, but comparing prices with local stores is important and taking advantage of sales, coupons, and bulk buying. Meal planning is another powerful tool; by planning meals in advance, families can reduce food waste, make the most of available ingredients, and avoid costly last-minute dining out.
- Second-Hand
The appeal of second-hand stores lies not only in their low prices but also in the potential for finding high-quality, gently used or brand new items. Shopping here offers a cost-effective way to furnish homes and acquire necessities without breaking the bank. Consider second-hand stores for furniture, clothing, toys, and small appliances. Check out the Friends from the Library stores in your local library for books; often, hardback books cost just a few dollars. Check out Buy Nothing Groups or Freecycle for anything you are looking for before shopping, you may be surprised what others no longer need but you or your family could use.
- Coupons/Savings Applications
Coupons and savings applications are invaluable tools for stretching the family budget and making every dollar go further. Savings applications like Honey, Rakuten, or Ibotta make it easy to find and apply discounts while shopping online or in-store. Many of these apps also offer cashback on a variety of purchases, from groceries to travel expenses, which can add up over time.
Inflation is a reality that requires thoughtful and proactive financial management, especially for military families who face the added complexities of frequent relocations. By adopting sustainable budgeting strategies, embracing flexibility, and making the most of available resources, military families can not only fight inflation but also build financial resilience.