Why Car Payments Matter During Deployment
* Financial Stability: Car payments are a significant expense. Ensuring they are covered while a family member is deployed helps maintain financial stability and avoids potential stress or hardship.
* Transportation: If the deployed member is the primary driver or contributes significantly to household income, transportation needs must be addressed. This might involve adjusting driving habits, relying on public transportation, or finding alternative transportation solutions.
How to Address Car Payments in Your Deployment Checklist:
1. Review Finances: Assess your household budget and determine how the deployment will impact income and expenses.
2. Car Payment Options:
* Temporary Suspension: Contact your lender to see if they offer options to temporarily suspend payments or reduce interest rates for deployed military members.
* Payment Assistance: Explore resources like the Military Family Advisory Network (MFAN), which offers financial assistance programs and resources.
* Income Support: If the deployed member's income is being impacted, explore options like the Military Family Relief Fund or other organizations that can help with temporary financial assistance.
3. Transportation Alternatives: If the deployed member is the primary driver, consider:
* Public Transportation: Explore local bus, train, or subway options.
* Carpooling: Connect with neighbors or friends for shared rides.
* Ridesharing Apps: Utilize ride-sharing services like Uber or Lyft.
General Deployment Checklist:
While there isn't a "car payment" checklist specifically, most deployment checklists will address the following:
* Financial Planning: Budgeting, income sources, savings, and expenses.
* Legal & Insurance: Wills, power of attorney, insurance policies.
* Childcare: Arranging for child care while the deployed member is away.
* Home Maintenance: Identifying and addressing any potential home repair needs.
* Emotional Support: Establishing a support network for family members.
Resources for Military Families:
* Military OneSource: https://www.militaryonesource.mil/
* Military Family Advisory Network (MFAN): https://mfan.org/
* National Military Spouse Network (NMSN): https://www.militaryspouse.org/
Important Note: Always reach out to your lender and explore available options to ensure your car payments are managed effectively during a deployment.
