A lot of you are vets and should be able to relate to his situation. I've never met Ashke but feel I already 'know' him quite a bit, having been a nobody from BFE that joined the military, so I can relate.
IRA's? Investing? Dude, he's a lance criminal. He can't afford to pay attention
You can armchair quarterback the poor dude and lecture him on saving money...but how? Where? Does he have some toys? Sure does. All that shit is dirt cheap too. He can totally have a hobby that takes his mind off the Marine Corps and family responsibilities for a Saturday afternoon as he wrenches on whatever he wants to and lets whatever amount of rust fall in his eyeballs
If his vehicles are mostly reliable now, why on earth should he spend money to buy another shitbox, pay more in sales tax, registration, etc, only to have to go through the next shit box to fix the odds and ends on it? That doesn't make any sense.
It's not realistically feasible to save a whole lot as a E3 with a family. It's just not. What would make sense would be to start something like a Roth IRA and when he gets promoted to Corporal, put 50% of that pay raise difference into his IRA. His promotion is only $200/mo (not sure how many years he has in). $100 ain't much, but after a year, that's $1200 into a long time retirement account. It's a start, and honestly that's all you can ask (Ashke?
) for now.
I don't even know the MF'r and I'm proud of him to see someone that was a relative dysfunctional member of the society to join the military to make something of himself. None of us, himself included, will know where he will go from here. Maybe he'll get out and turn into a total loser and turn back into the same person he was before. Maybe he'll utilize his skill set from being in the 06xx community and progress. Maybe he'll make a career of it, like I did. Who knows?
I had no idea I would stay in when I was a Lance. I had no idea I'd stay in until I was a SSgt, become a CWO, and now a LDO Captain. I started off saving small, but as I progressed, so did my financial goals. It's a little more reasonable to expect to max your IRA, TSP contribution, and stock options as a 16 year O3E than a 2 year E3.
Joining the military is a totally new chapter in life and affords people a fresh start. See where he goes, offer candid advice here and there, and see what he does. None of you can hold his hand for him.