What are some good financial tips for a young enlisted US Army soldier?

PV2 J M Save and invest a portion of your income. Live beneath your means so you have money to save and invest. Utilize available military savings plans to grow money tax deferred. Own a minimum amount of credit cards and pay them off so you are not paying high interest rates. Be frugal: use coupons, when going out to eat, eat at lunch when it is cheaper, drink water and do not order appetizer or desert. Research purchases so you know if you are getting a fair deal. Ask for discounts when applicable. Budget your money. Track your income each month versus expenditures to see exactly where your money is going. Keep track of your net worth so you can see if your are making progress toward your long term goals. There arte many websites to help you learn to be a smart saver and investor. Managing your money is a skill that can be learned like any other skill.

https://www.investor.gov/

Get your bonus and dont spend it. Put half on a CD or IRA with high interest rate for at least a year! Eat at the chow hall and don’t go out to eat everyday. Don’t buy a car cause you will be staying on base but if you have a car already you are good. Don’t go buying things you don’t need! Also attend any training they wanna send you too!

Mr. Masters-Three things will leave you in financial distress: Not budgeting, acquiring "bad" debt, not maintaining savings. You won't make a great deal starting out, and unless you have a family, your needs should be minimal as well. Don't fall into the temptation of managing your bank account "by memory", or worse still...by ATM receipt. Know how much you earn (exactly, to include with-holdings), how much is in your account, and how much you must spend for essentials. Keep this in some form of record. I recommend a spreadsheet. Take advantage of what is offered you; stay in barracks, eat the food the Army serves, ride don't drive. As TIME passes, and you master the art of economic survival, you can make educated decisions in regards to housing, a personal vehicle, etc. Never get yourself into a situation where it takes every cent you earn (net) to get through a month. When you go into town for fun, never take a credit card or debit card (well, I can think of a few times you might for safety's sake...but in general); take exactly the amount of cash you can afford to spend and still stay on budget. Put half of it somewhere no one's going to look. Beware getting involved too deeply, and too soon with a significant other. You're about to enjoy some of the best years of your life...don't be impatient. As a young man, I spent more money than I'd care to know buying drinks for a girl and everyone at the bar, only to have her walk out at the end of the night leaving me with nothing but the tab. Don't mistake a room-mate for a girlfriend, and vice versa. If at some point in your early career, you opt to live off-base (usually a bad decision), group up with guys from your unit...don't "set up house" with the girl you met last month. You do NOT need to become a father, or sign up to act as someone's father yet. Avoid borrowing. Stay away from "loan sharks", to include "payday loans"-They are all going to "win" in the end. If you want to build credit, get a card with a very low limit, and pay off your balance religiously every month. It will be very hard, nearing impossible starting out, but set a goal of having at least $1,000 in total savings at all times, set aside for emergencies. It seems impossible, but it isn't if you plan ahead, stay disciplined, and maintain a long-range perspective.

Put your TSP contribution at 5% ASAP, buy things with your savings account not with credit. That means buy a cheap, reliable car rather than the corvette you really, really want.
Individual financial restraint is the only criteria for success. Since you're asking this question you're already on the right road. Congrats and do great things with your life and career.

There are lots of educational opportunities in the military. Take advantage of them. There are few investments you can make that will give you better dividends than advanced education.

Well assuming you get a degree in something useful (sorry ancient Babylonian literature majors).

Set up some sort of deposit into a savings account that you will forget about.

You will have a home and food provided. You can easily learn to deal with a reduced paycheck, knowing that sometime in the future you will have a good nest egg put away.

Make sure you take advantage of retirement savings as well.

think twice about

Live on ship, or barracks. Save half your paycheck. Do not get married. Take online courses.
I did. But, I went through the Dept of the Navy Regents College.
Get connected here and read how some hard chargers write. You will start to notice how America's 1% is the example to our country and why the American military wins.
Kill!

Start saving and putting away money in a saving account.. Start with $50 Dollars a payday and when you make rank , put that money into and don't spend it . Make sure you keep your money in and don't spend it and maybe by the time you retire from the service you'll have a good chunk of change and invest it into a roll over account and save that or stay with your original saving account.. Save as much as you can until your ready for retirement at what ever age you do retire at..

Save 10% of your pay for large purchases
save 10% of your pay for retirement
give 10% of your pay to your favorite charity
Go to school as often as possible.
Live on 70% of your pay with out credit.

1) Stay single
2) Max your TSP
3) DON'T buy tacticool shit
4) Stay away from strip clubs