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Old 01-10-2019, 10:38 PM
 
137 posts, read 49,559 times
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I was single when enlisted(never married until age 44).
I spent a lot of times at a Pawn Shop.
I had a E-5, living in the barracks, that would float me $100.00 until payday, always. I just made sure he got paid right on payday pronto(and I never had to pay him extra).

Merchants were gladly to finance anything, as long as you had an allotment made out to them.

I had no allotment chances yet, as this was my first leave and earning statement on the way to Tech School, at Biloxi, MS, Keesler AFB, Aug 1974.
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Old 01-11-2019, 02:16 AM
 
Location: Honolulu, HI
5,252 posts, read 1,402,012 times
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Quote:
Originally Posted by Submariner View Post
Yes, that is technically true.

Though over a 20-year career and including opportunities to invest, I observed some enlisted servicemembers who had much larger Net Worths than what the commissioned officers tended to have.
Agreed, but more times than not, it will be the officers with money, great pensions, and highly paid jobs after separation/retirement.

Enlisting is still a great gig, but you really have to make rank when eligible, manage money properly, and keep your expenses low throughout your career.

The DoD is funded right now during the shutdown, but if it wasn't, the hardest hit would be enlisted.
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Old 01-11-2019, 06:20 AM
 
137 posts, read 49,559 times
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Well, after I thought about it, looking back on my Air Force Career(only six years for me),

The ones that did good, money wise

Single, living in the barracks, and not going out and partying.(and some advancing their Education Level)
or, Married to another Military member, and not having children right away.

Did not buy new cars, and buy big stereos (back when music came from turntables, receivers, cassettes decks, STEREO WARS)

Re-enlistment Bonuses, some career fields(AFSC/MOS/or whatever they are now days) brought in BIG BUCKS. I heard some, at a radar base, were getting up to 10K(back in the 70's)for re-enlisting.

And some got part time jobs, after Military Duty Hours, to save extra money.
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Old 01-11-2019, 09:56 AM
 
Location: New Mexico U.S.A.
24,518 posts, read 39,689,696 times
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Originally Posted by txwolfman View Post
Re-enlistment Bonuses, some career fields(AFSC/MOS/or whatever they are now days) brought in BIG BUCKS. I heard some, at a radar base, were getting up to 10K(back in the 70's)for re-enlisting.
During the 1968 to 72 period we had some Army Soldiers with $10,000 re-enlistment bonuses. I remember one where they got paid in cash at the pay table, a photographer at the event, and then the soldier was escorted with the cash by two armed guards to the bank.
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Old 01-11-2019, 09:58 AM
 
Location: Middle of the ocean
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Originally Posted by AlaskaErik View Post
Been that way for a long time. That's why the Marine Corps advised us to not get married until we made E-5.
"If we wanted you to have a wife, we would have issued you one."


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Old 01-11-2019, 10:18 AM
 
Location: Wasilla, AK
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Originally Posted by Mikala43 View Post
"If we wanted you to have a wife, we would have issued you one."



Yes, our drill instructors mentioned that too.
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Old 01-11-2019, 12:23 PM
 
137 posts, read 49,559 times
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Another note, that all are not created equal, and more pay comes at a slower rate.

If you are in a (MOS/AFSC) ((Field)), that was over saturated(over quota), making rank/promotion got just a tad bit longer and harder. Just like the one I was in (AFSC-732X0). Six years in, and got out as an E-4, with the DEP that I enlisted under giving me E-3 after 6 weeks(basic).
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Old 01-11-2019, 02:36 PM
 
Location: Texas Hill Country
9,213 posts, read 5,043,181 times
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Quote:
Originally Posted by txwolfman View Post
Another note, that all are not created equal, and more pay comes at a slower rate.

If you are in a (MOS/AFSC) ((Field)), that was over saturated(over quota), making rank/promotion got just a tad bit longer and harder. Just like the one I was in (AFSC-732X0). Six years in, and got out as an E-4, with the DEP that I enlisted under giving me E-3 after 6 weeks(basic).
We-ll...........

After being on ship for a heck of a long time, I decided I wanted an apartment in town. They say when you start renting, you ought to be prepared to be paying for a while before the service starts paying you for it.

The disbursing officer was in hack and, feeling sorry for our rooster in tennis shoes, loaned him a six pack of blue movies............................

.............................my allotments showed up very quickly in my bank account.

I can be a devious sort.

Last edited by TamaraSavannah; 01-11-2019 at 02:48 PM..
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Old Today, 08:27 PM
 
5,758 posts, read 4,582,418 times
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Originally Posted by Poncho_NM View Post
During the 1968 to 72 period we had some Army Soldiers with $10,000 re-enlistment bonuses. I remember one where they got paid in cash at the pay table, a photographer at the event, and then the soldier was escorted with the cash by two armed guards to the bank.
I remember the days when they used to hand you cash for TDYs. We had one to Alaska - 100 dollars a day, so $3K handed over before we left.
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