Set up a savings AND emergency account

There are many reasons to set up a savings and emergency fund - separately. While a savings account is valuable for when you eventually retire one day or to pay for your child's college expenses, an emergency account is just as beneficial for when you need to cover unexpected costs, such as repairs to your home or vehicle. In addition, financial stability is not only good for when you need funds urgently, but it is also beneficial for your mental health, as financial stress can take an enormous toll on your mental well-being.
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Buying a home

You may consider buying your own home as a next step, in which case applying for a VA mortgage might suit you better than other types of mortgages, such as an FHA loan or a Conventional loan. With a VA loan, you don't have to stress about coming up with a down payment amount (which can land up being substantial depending on the value of your property).

There are also many other benefits, including lesser closing costs, lower-than-average interest rates, and no Private Mortgage Insurance. Preparing yourself for life outside the army will take some time to adjust fully. However, taking small but consistent steps to improve where you are currently, such as taking an additional course or degree online, will help get you there in your own time.
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