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Deposits From a Deployment

December 2nd, 2009 at 08:13 am

As I mentioned previously before, I'm currently deployed to Iraq. Believe it or not there are some positive sides to it all, especially if you're either working your way out of debt or debt free. I'm happy to say I'm debt free with the exception of a piece of rental property I'm trying to pay off before I retire from the military in 2012 but that's another blog topic.

When you deploy you get quite a few entitlements that you normally wouldn't get if you weren't deployed. You get Hazardous Duty Pay $100, Hazardous Fire Pay $225, Family Seperation Allowance $250. As if that additional $575 wasn't enough, all your earnings are tax free.

So, although it sucks to be away from love ones, it nice to be getting PAID and putting it toward goals. I guess like Dave Ramsey states, I'm living like noone else now so that I can live like noone else later. I guess that even applies in Iraq.

5 Responses to “Deposits From a Deployment”

  1. creditcardfree Says:

    Good luck with your rental property! The money is the positive part of deployment for sure. I have big plans for my husbands extra cash next year.

  2. NJDebbie Says:

    Thank you for your sacrifices!

  3. ladya70 Says:

    Creditcardfree: Thanks for the well wishes and I hope the same for you and your husband with his upcoming deployment.

    NJDebbie: You're welcome and thanks!

  4. Broken Arrow Says:

    Money may be a poor substitute, but I'm glad at least you're getting paid!

  5. beawealthywarrior Says:

    Money definitely doesn't replace the idea of being home but when you're in the military, you're not given much choice about whether u will deploy or not. In that case, why not look at the positive side of the situation.

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