The Military Money Manual Podcast Don't Buy a House When Leaving the Military with Kate Horrell #166
64% of veterans will leave initial first post-military job in the first two years! Repeat guest Kate Horrell joins us again to discuss her thought-provoking post on this topic.
Of course there are always outliers and unique circumstances, but in genral we hope this conversation helps you slow down and question the pressure to "stabilize" and find your "perfect, dream home" immediatley after you leave active duty.
Main reasons to consider renting for 1 or 2 more years include:
- Employment instability
- Effect of stress on decision-making
- Financial upheaval and the unknowns
Links we mentioned:
- Kate's article "Don't buy a house when leaving active duty"
- The Syracuse University study
- KateHorrell.com
- Kate's Military Family’s Confidently Prepared™ Life Binder
- Kate's Red Cross notification checklist for your family
- Kate's new book on the GI Bill (coming ~4/15/25)
Kate Horrell is an Accredited Financial Counselor®, Chartered Financial Consultant®, and Military Qualified Financial Planner®. She's also the spouse of a retired sailor and mom of four young adults. She writes about the financial issues that affect military families - pay, allowances, and benefits. Plus college stuff, landlording, moving, taxes. We cover a little bit of everything. Her goal is to give you the tools to make the best decisions right now, so you'll be confidently prepared for whatever comes next - whether that's a PCS move, transition to civilian life, or retirement.
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If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.
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