January 6, 2020
Top 3 Financial Issues Facing Military Families
Although we may not fully grasp the extent of the sacrifices that our active-duty troops and veterans have made for our country, we know that each one of them deserves to live comfortably after all that they’ve done for us—preserving our freedom and protecting our security. Sadly, many military families don’t enjoy comfortable living.
Studies show that financial stability is one of the major issues that military families are confronted with. To address this concern, some military spouses have to take on multiple jobs to sustain the needs of their families. Unfortunately, finding stable and rewarding jobs can be more challenging for them than what they initially expected.
While our servicemen and women fight bravely for our nation’s interests, the families they leave behind bear the weight of problems related to their absence from home. To give you an idea of what we’re talking about, Veteran Car Donations shares the top three financial issues facing military families:
- Military Spouse Unemployment
While most American families have both parents working day jobs, the same is not true for military families. Taking care of the kids and trying to earn a decent living can be extremely challenging and stressful for a solo parent. It’s very difficult for a military spouse to work outside the home without someone watching their children while they’re at work. Since most military families depend solely on the income of the family member who’s in the military, oftentimes, the money they get is not enough to meet their needs.
- Constant Relocation Costs
It’s not uncommon for military families to be relocated from time to time because servicemen and servicewomen can be assigned from one location to another. The cost involved in these relocations can significantly affect the family’s financial situation. For instance, relocation to a city that has a higher cost of living can deplete the family’s savings.
- Payday Loans
When worse comes to worst, some military families may opt to take out payday loans to meet their day-to-day needs. This could cripple military families even more because the high-interest rates would only bury them deeper in debt.
Our Troops and Veterans Need Your Help
You can do something to help the families of our active-duty troops and veterans. If you donate a vehicle you no longer need to Veteran Car Donations, you’ll help us raise funds for the programs and services that are continuously delivered by our IRS-certified 501(c)3 charity partners to needy military personnel, veterans, and their families. These services include general transitioning assistance, educational and employment benefits, mortgage-free and specially adapted housing benefits, mental health care, grief counseling for bereaved military families, and more.
In return for your charitable contribution, you will receive from us a set of rewards including a 100% tax-deductible receipt that will enable you to claim the maximum tax deduction based on the selling price of your donated vehicle at auction. You’ll also get to enjoy our free pickup and towing services and our quick, convenient, and no-paperwork donation process.
If you’re ready to donate today, call us at 877-594-5822 or simply fill out our online donation form. We accept donations of nearly all types of vehicles regardless of their age, mileage, and condition, which means you can hand over even vehicles that are no longer running well. You can also make your donation wherever you are in the United States since we have vehicle donation programs in all 50 states.
Transform Lives with Your Car Donation!
Let our troops, veterans, and their families know how much you appreciate their sacrifices for our nation. Call us at 877-594-5822 and help transform their lives with your car donation!