How to join the military

The sense of a higher calling motivates many to join the military, along with the mental and physical challenges and camaraderie.

"There are plenty of financial perks too, from a steady paycheck to generous retirement and unrivaled education benefits," says JJ Montanaro, a CERTIFIED FINANCIAL PLANNER™ with USAA and a veteran of the Army and Army Reserve.

So how do you make it happen? Here are seven basic steps:

1. Make sure you're eligible.

Each branch has a list of requirements that include age, citizenship and education level. You're also required to pass a physical fitness test, so get a checkup to rule out any disqualifying conditions and maintain a fitness plan.

2. Decide on a path.

Ask the big questions first. Do you aspire to be an enlisted member or an officer? Do you want to join the Navy, Coast Guard, Air Force, Marines or Army? Is full-time active duty right for you? Or would service in the National Guard or Reserve be a better fit?

3. Research jobs and benefits.

Each branch offers a variety of careers ranging from aviation, artillery and infantry to logistics, personnel and medicine. Factor in your potential salary using our military pay calculator.‍ ‍ ^{See note 1} Also, take some time to familiarize yourself with the benefits of being a service member.

4. Make it official.

If you're enlisting, meet with a recruiter and complete the paperwork. If you plan to enter as an officer, apply to a service academy or join a college-level ROTC program. If you already have a college degree, you may be able to enter officer training immediately.

5. Study for entrance exams.

Passing the Armed Services Vocational Aptitude Battery test (ASVAB) Opens in a New Window‍ ‍ ^{See note 2} qualifies you to enter the enlisted ranks. Officers typically need college degrees, so plan to study for entrance exams.

6. Attend training.

No matter what your branch or specialty, the military will introduce you to your profession in its own way. The experience is designed to teach personnel the basics of military service, like how to march and salute, as well as the details of your particular field.

7. Prepare for your mission.

After training, you'll head to your first duty station. Be mission-ready with your finances too. Deployments, frequent moves and pay structure can affect how you manage your money, so it's important to have a plan. Here is a four step quick plan you can put into action right away.

1. Open a checking account.
2. Set up direct deposit for military pay.
3. Create a personalized budget.
4. Insure your personal property.