Military Officer Pay - What does a Lieutenant make? (O-1/O-2)

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Hey guys, if you are new to my channel, consider checking out some other videos I made about military benefits.

Useful Links related to this video:

(DFAS) Defense Finance and Accounting Service Military Pay charts:
https://www.dfas.mil/militarymembers/...

(BAH) Basic Allowance for Housing calculator:
https://militarybenefits.info/bah-cal...

(BAS) Basic Allowance for Subsistence (food):
https://militarybenefits.info/2019-ba...

The budgets I used in the video are comparable to my expenses but I used this year's numbers. I didn't include internet or car payments because I did not have either so far, but many military members do. Internet has been included with the apartments that I rent and I bought my car outright in cash, so no payments.

You Salary is your base pay, BAH, BAS, and any specialty bonuses. Your paycheck deduction will be social security, medicare, SGLI (Servicemembers' Group Life Insurance), TSP (thrift savings plan), federal income taxes, and state income taxes. You then need to budget for rent, food, gas, utilities, and IRA investments. Save or spent the rest!

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#MilitaryMoney #MilitaryPay #OfficerSalary
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DISCLAIMER:
This video is for entertainment purposes only. I am not in any way acting as an agent or representative of the Department of Defense or United States Federal Government when presenting this information. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.

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