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What is the pay and benefits for army?

#finance #army #military pay for combat jobs.

finance military army
Thank you comment icon Good day Aidan, Here are the main benefits: https://www.military.com/join-armed-forces/military-benefits-overview.html. Good luck! Wayne Archibald
Thank you comment icon Thank you! This was helpful, much appreciated. Aidan
Thank you comment icon Here is another place to start and should help answer any questions you may have https://www.goarmy.com/benefits.html Gregory Bass
Thank you comment icon You can always check out this site too. Shows for more services than just the Army. https://militarypay.defense.gov/ Joshua Daugherty
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A. I.’s Answer

Hi Aiden!

The military is a great starting point whether short term or long term.

First, if you are think about being Enlisted- meaning you will be entering into a technical trade, here is the military pay chart- starting out at E1 if you have no prior college and starting at E3 if you do have prior college experience:

A. I. recommends the following next steps:

https://www.dfas.mil/MilitaryMembers/payentitlements/Pay-Tables/Basic-Pay/EM/
If you have a college degree, here is the pay chart: https://www.dfas.mil/MilitaryMembers/payentitlements/Pay-Tables/Basic-Pay/CO/
So those are all your “base pay”
Then you would have to calculate all of your benefits as mentioned already. The average cost of healthcare is $500 a month, which is free for military, so add that to your base pay.
There are also tons of other free benefits you won’t have to pay for, like school. If you deploy- which you will in the Army there is all types of special pay for deployments.
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George’s Answer

The pay for lower-ranking Service Members is not great. A quick google search about military rank and pay grades will give you an idea. When the BENEFITS are added in - it becomes a big deal. Some of the benefits: tuition assistance, enlistment bonus, training, and experience in your Military Occupation Specialty (MOS), free college credits for your military training,... There is often additional money for "Basic Allowance for Housing (BAH), and Basic Allowance for Subsistence (BAS), if you are transferred to a different location moving is paid for. In deployment, there is more extra pay and benefits, like the GI Bill earning time in college education.
Moving up rank = more income. After 20 or more years of service, Medical insurance coverage for life is a BIG DEAL. A Pension and an awesome retirement fund with matching money are offered. Discounted entertainment, national parks, etc... , "Space-A" travel all over the world -free. 10% off at Home Depot. Employers often prioritize Service Members for employment, especially GREAT Federal jobs. FREE counseling services, employment services, assistance from a Financial Counselor (like me), Youth and Family programs, child care subsidy,... Leadership skills acquired in service are PRICELESS in the civilian world. Add in things like pride, service to country, the accomplishment of something bigger than yourself, honor, integrity, teamwork, resiliency, work ethic,
... and the respect of this citizen - and most others in this country and around the world.

I look back and regret not serving. If I would have had someone tell me all this, and more, I think I would have joined - with no regrets.
Thank you comment icon Thank you, this was helpful Aidan
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Kevin P’s Answer

Aiden, just like much in life, the benefits are what you make of them. The pay and benefits do get better with time and rank. When you first join as a private it can seem like you have no benefits no privacy no life. That is how they mold you into a great Soldier. You have to make it past that. With time, the pay gets better and better. There is a difference between enlisted and officer. The work, focus, and responsibility is greatly different so you will have to decide what is best for you.

I must say the biggest benefits are probably college, insurance, and a mortgage.

I was able to get a masters degree and not only do I have no college debt, I was paid to go to school. Each semester they would pay the school directly and then each month I would receive a small direct deposit. This is a huge benefit.

The health insurance is free for active duty and very subsidized for reserve. Always all doctors take the insurance and the co-pay is very affordable. For a family of 3, I pay roughly $230 per month. My civilian employer would cost about $750 for a similar insurance.

Without having been in the military I would not have been able to get a mortgage when I did. Normally you need a certain debt to income and a down payment. With a VA loan this is waived. I have saved thousands of dollars because of this benefit.

Now there are a few other benefits like discounts at stores and restaurants, airline and hotel discounts, obviously there is a retirement if you stay in long enough.

If you can make it past some of the rough times in the beginning, this is a great and rewarding career.
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