“Ugh” to “Oh yeah!” — Taking Advantage of Deployments!

by Jeff Jurgemeyer, CFP® on Saturday April 08, 2023
Posted in Category: Deployment, Spouse
Tagged with :

The Arleigh Burke-class destroyer USS Farragut (DDG 99) sails in the Atlantic Ocean

Over the course of a 30-year military career, I’ve deployed on multiple occasions. My time in uniform, coupled with more than 20 years as a financial planner, has provided several great learning opportunities. Unfortunately, some of those life lessons came with sacrifices to my wallet.

Here are a few insights I’ll share so that you and your finances won’t have to learn the hard way.


Remember, no one plans to fail…you know the rest.

  • Include your spouse or significant other so you are on the same page. MilSpouse Money Mission is a great resource for spouses, with a dedicated section on deployment prep.
  • Set SMART Goals to build your savings, get out of debt, or start investing.
  • Create a spending plan using the Four-Step Budgeting process. Know what changes in pay and expenses you can expect while deployed.
  • Take advantage of personal financial counselors and pre-deployment resources.
  • Avoid the temptation to “go through the motions” when attending pre-deployment training. You get out what you put into these courses.


For your own and your family’s peace of mind, create or update these key documents and beneficiaries:


Don’t get overwhelmed with the amount of information. Every march is completed one step at a time.

Whether in the air, on land, or at sea, deployments can be great opportunities to improve your financial readiness whether it is your first or one of many.


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