Financial Planning

Financial Resources for American Veterans

It’s nearing Memorial Day weekend and as we prepare to remember the men and women who died serving in the United States Armed Forces, we also want to take a bit of time to give back to the veterans that are still with us.

One powerful thing that any person can have on their side is financial solvency and there are a number of financial services out there to help veterans keep their financial lives on track.

Here are some options and resources for veterans of all states of financial fitness.

National Association of American Veterans

The National Association of American Veterans is a nonprofit designed to assist veterans in just about any way that you can imagine.

Emergency assistance is available to veterans experiencing financial hardships.

If you need a little breathing room, you can get it from NAAV. They will also help with family counseling and individual counseling to help you and your family adjust after your return back from abroad.

U.S. Soldiers Foundation

Are you looking to buy a house after your discharge?

The U.S. Soldiers Foundation is a nonprofit designed specifically to help you find and buy the house of your dreams in the form of a low-cost mortgage.

USSF will also help you with life insurance, medical care, dental care, miscellaneous financial assistance, psychological counseling, job placement and education and training.

Disabled American Veterans

Disabled American Veterans is the place for veterans who have suffered disabling injuries and debilitating illnesses to go and get the assistance that they need.

There are over 100 DAV offices located throughout the United States and Puerto Rico where veterans can obtain assistance, which includes everything from a lift to treatment to help finding a job.

USA Cares

Seeing a need for younger veterans returning home from recent wars in Afghanistan and Iraq, USA Cares sought to fill those needs.

The nonprofit seeks to assist those who have recently returned from these aforementioned conflicts.

Specifically, it aims to help keep veterans in their homes and has been quite successful at doing so; It has provided assistance to over 13,000 military families and prevented foreclosure on 435 properties.

The organization provides grants, not loans, helping insolvent military families to get a second chance and get their heads above water again.

Reserve Aid

Reservists can go to Reserve Aid for the assistance that they seek.

Common financial assistance received from Reserve Aid includes rent and mortgage payments, utility bills, car payments and insurance and even Wal-Mart gift cards to help out with the gas and groceries.

With so many services available for regular military veterans, reservists might have trouble finding the resources they need to make ends meet. Look no further than Reserve Aid.

Operation Second Chance

Operation Second Chance exists for wounded, injured and sick veterans.

The organization helps people while they recover by finding out what services and support they need, then connecting them with it.

For Operation Second Chance, it’s not just about helping to pay the bills; They’re also known to put together care packages to lift the spirits of veterans while they recover.

They’ve even gone so far as to bring milkshakes to recovering vets.

National Resource Directory

The National Resource Directory is a one-stop clearinghouse for veteran’s assistance.

No matter what you need to get your life back on track or keep it there, you’re going to find through the National Resource Directory.

Everything from employment assistance to healthcare is available through the NRD.

Coalition to Salute America’s Heroes

The Coalition to Salute America’s Heroes is involved in a wide array of initiatives to provide assistance to our nation’s veterans.

This includes everything from welcome home parties and checks to help buy Christmas gifts for the kids to job training and emergency financial aid.

Making Veteran’s Day Count

Even if you’re not a veteran, the above list acts as a great checklist for places where you can volunteer your time and donate your finances.

What better way to give back to the nation’s armed forces?

“Financial Resources for American Veterans” was written by Nicholas Pell, a freelance writer based out of Los Angeles, CA.