By Buddy Blouin

In 2024, anyone receiving an Air Force sign-on bonus when enlisting is set up to receive some serious cash. Ranging between $7,500 to $15,000, Air Force bonuses are helping new residents of Maxwell Air Force Base and Gunter Annex pay bills and make moves. However, getting paid to join the U.S. Air Force can leave you right back where you were as a civilian if you aren’t careful. Financial advice should always come from a licensed advisor; however, we’re looking at some responsible considerations of how to spend your Air Force signing bonus.

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Invest In Your Future

Although it may not be the flashiest, saving and investing your Air Force sign-on bonus is a great way to build personal financial security.

Too often people receive “found money” such as bonuses and use them quickly with nothing to show for it.

Then, down the line, when money gets tight, instead of having a financial security blanket available, they are left wondering why they didn’t save and how they are going to come up with the funds they now need.

You have plenty of options and speaking with your licensed financial advisor will help you make the best decision concerning your risk, but investing and saving money is a great way to use your finances in a way that gives you peace of mind.

Saving and investing Air Force sign-on bonuses can look different for everyone. There are high-yield savings accounts, certificates of deposits (CDs), ETFs, stocks, or even begin planning retirement with your Thrift Savings Plan (TSP) or an Individual Retirement Account (IRA).

Related read: How to Responsibly Purchase a Vehicle With Your Signing Bonus

Pay Off Your Debt

If you’re joining the ranks at Maxwell Air Force Base, you may or may not have some debts to pay off. Luckily, your bonus can help.

Investing comes with risk. Paying off debt is a great way to see an instant positive return on the way you spend your money.

For example, depending on who you ask, you’ll find the average credit card interest rate is between 20% and ~28%.

Paying off your debt is a great way to avoid adding to a growing list of IOUs and generating peace of mind in the process.

Again, finances look different for everyone, but using your Air Force sign-on bonus on high-interest debts first can help you cut down on payments in the future.

After you’ve paid your debts, you’ll have more money for saving and spending in the future that otherwise would have gone to paying off interest and principal you no longer need. You can also improve your credit score as a result.

Overall, paying off debts is a way to not only see immediate positive effects on your financial health but also improve your future finances.

Treat Yourself Responsibly

There are a million different ways to spend your sign-on bonus from the Air Force and treating yourself deserves some much deserved attention.

This isn’t a call for spending it all in one place on something you don’t need but a nice, reasonable meal, buying a nice item that supports your hobby, or a new dress/suit are all great ways to spend a little without putting your finances at risk.

The best part about getting your bonus is that you can spend it in multiple ways. There’s nobody saying you can’t save 90% of it and use the rest to fuel a trip to Gulf Shores, buy a new bag, or whatever makes you happy.

Make Your Air Force Sign-On Bonus Go Further at Toyota of Montgomery

If you’re serving at Maxwell AFB and are in need of a vehicle, the team at Toyota of Montgomery can help you save while finding the right car for your needs.

For more than 50 years, the Sutherlin Automotive Group has been helping the area find the right vehicles at the right price and is well-equipped to help you maximize your Air Force sign-on bonus.

Representing top auto brands like Toyota and Lexus, our dealership offers a wide array of pre-owned vehicles to suit any lifestyle or budget. Discover your perfect match with us!

Best of all, Toyota of Montgomery understands the military community and is proud to be an active supporter for decades. You’ll find that there are several discounts and deals available to the military community throughout the year.

Furthermore, the teams at both Toyota of Montgomery and Lexus of Montgomery are committed to bringing an unparalleled level of exceptional customer service to our nation’s heroes.

Make your Air Force sign-on bonus go further at Toyota of Montgomery. Contact their team at 334-272-7147 or pull up to their showroom at 911 Eastern Boulevard Montgomery, AL 36117-1916 to find your new ride.

This article is the result of a paid collaboration with Toyota of Montgomery.

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