What could military service pay actually do?
Here’s what investing $2,000 at the start of each year (the Military Service Pay for a Regular Forces member with 5-10 years of service) could grow into:
| 10 years | 20 years | 30 years |
|---|---|---|
$29,351 | $86,390 | $197,240 |
(Assumes 6.87% annual growth.)
Investing isn’t the only thing you can do with an annual lump sum.
Do you have debt to crush? Whether it’s a car loan, a credit card, or a line of credit, your Military Service Pay could help you pay it down faster and reduce interest over time.
Is your budget under pressure? Whether you’re navigating a move, a new child, or planning for your next posting, we’ll help you make your pay go further, while still making space for your long-term goals.
No matter where you stand now, a SISIP advisor who understands military life can help you align your next move with your bigger picture.
Which money type are you?
Military Service Pay means something different for everyone. Which one of these sounds most like you?
The Debt Smasher
“Freedom feels better than stuff.”
You’re ready to crush credit cards, loans, or lines of credit, and reclaim your financial breathing room.
>> “Paying off hundreds today will save me thousands tomorrow. And when my balance hits zero, that feeling of freedom will be priceless.”
The Wealth Builder
“Investing builds wealth like magic.”
You know the best time to start investing is now, and you’re ready to make your money grow.
>> “I invest whenever I have the opportunity, and I don’t even miss spending the money. The best part is knowing my investments can make me more money while I sleep.”
The Treat Yourself Type
“There’s nothing better than a guilt-free treat.”
You want to enjoy life without guilt, so you’re learning to plan ahead and savour every dollar.
>> “I used to spend first and ask questions later. But now I budget for my treats so I can fully enjoy them without a trace of financial anxiety.”
CAF life moves fast. Get a gameplan that keeps up
Military Service Pay can be a great opportunity to reset your financial strategy.
A SISIP advisor can help you:
- Set goals that reflect your values and priorities
- Choose the right investments for your timeline
- Pay down debt while still building savings
- Make smart use of a lump-sum payment
- Avoid common financial missteps
- Feel confident through every rank and posting