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Debt of Service: Personal Finance in the Military

In-depth stories, interviews and features about the personal finance issues facing military personnel and their families during and after their service.

Class for Command Finance Specialists

Getting personal finances ship shape

The branches of the military consider financial fitness as important as physical training. About three years ago the Navy ramped up its financial counseling service. Tess Vigeland visited the San Diego Naval Base to see how it works. (02/20/2009)

Navy Exchange in San Diego

Savings in store for sailors, Marines

While visiting the San Diego Naval Base, Marketplace Money stopped in at the Navy Exchange where products are discount-priced to set sale. (02/20/2009)

Bordelon leads a morning meeting.

Paying a big price for military service

When duty called, chiropractor Daniel Bordelon didn't turn his back. The Army National Guard colonel, who nearly drowned in Hurricane Katrina, gave up his practice at a huge loss to serve in rebuilding New Orleans. (02/20/2009)

Michael O'Hanlon

Do combat personnel get fair pay?

Michael O'Hanlon at the Brookings Institution estimates the U.S. has spent more than $400,000 per troop in Iraq and Afghanistan. But, Tess Vigeland asks, is the pay in line with the duty? (02/20/2009)

Christina Black

Married to the military

Military couples and families often move every few years, making it difficult for civilian spouses to get good jobs. At Fort Knox, Ky., Marketplace's Amy Scott found some husbands and wives trying to make it work. (02/20/2009)

Elizabeth Bagley and her mother, Nellie.

'I will take care of my son'

When members of the Armed Forces are seriously wounded, their families and friends face putting aside their own careers and goals to lend support. Jeff Tyler reports on the impact of a soldier's injury on his mother and sister's bottom line. (02/20/2009)

Anthony Swofford

The wrong dress blues for this Marine

"Jarhead" author Anthony Swofford recalls how, despite needing to save money for college, he just couldn't schlep deep dish in the desert while still a member of the world's most elite fighting force. (02/20/2009)

Yvonne Oppenheimer

She's a veteran of charities' pleas

Yvonne Oppenheimer's brother couldn't say no to charities claiming to raise money for veterans. Now, even though he's deceased, the solicitations keep coming. Nancy Marshall Genzer reports. (02/20/2009)

Sgt. Patrick Sowers

He's not leaving any soldier behind

Patrick Sowers found a good job with higher pay and less work than he'd known as an Army sergeant. That bothered him. He's been paying back ever since, to the benefit of thousands of people in uniform. (02/20/2009)

Angel Herrera

Injured, but still stickin' with the Army

Army Sgt. Angel Herrera drove trucks for an engineering unit in Afghanistan until serious wounds from a rocket-propelled grenade ended her tour of duty. But she's not ready to give up her stripes. (02/20/2009)

Getting Personal »

Q: Should I stick with mutual funds?

In 2006 I decided that I would move my (significant) individual mutual fund holdings to a managed account with my investment firm (a major mutual fund company). . . . Now that whole amount is down 35% from when I put it in. I am 38 years old. What should I do? Chris, Ft. Worth (deployed to Baghdad), TX

Read Chris Farrell's answer »

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Video

Saved from drowning in Katrina

Army National Guard Col. Daniel Bordelon describes how he almost drowned in the flood waters of Hurricane Katrina.

Tales of Service

Marketplace staffers share their financial revelations while serving their country.

Sharon McNary

Sharon McNary, Army

Paddy Hirsch

Paddy Hirsch, British Royal Marines

Chris Farrell

Chris Farrell, Merchant Marine

Additional Coverage:
Personal finance in the military
U.S war veteran begs for money

Veterans' new war is a bad economy

Darren Anderson working at Atkins and Pearce

Service members find work in business

Capt. Mark Patton

Debt is a target on U.S. military radar

Dell and Annette McLeod

Injured veterans fight for benefits

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