Before You Take Off: Financial Planning for Deployment (FEB 2013) 1 Before You Take Off: Financial Planning for Deployment Facilitator’s Name Date.

Slides:

Advertisements

Similar presentations

 Using someone else’s personal identifying information  Usually for a financial benefit  Can ruin your credit rating.

Advertisements

The National Economics Department Financial Freedom Campaign NAACP The National Economics Department Financial Freedom Campaign NAACP.

Personal Finance Before You Take Off Financial Planning for Deployment Pre-Deployment Presented by Adam R. Stevens JFSAP Personal Financial Counselor,

Building Bucks Budgeting Basics. Understanding Your Situation How often does this happen to you?OftenSometimesNever Not enough money for essentials Don’t.

P E R S O N A L F I N A N C I A L M A N A G E M E N T P R O G R A M Financial Planning for Deployment.

Making Your Money Work Where Are You Now?. Objectives Determine Credit Obligations Compare Income to Expenses Determine Net Worth.

Measuring Your Financial Health and Making a Plan

Tools of Money Management Get and manage your income Save money Pay your bills Get key documents in order Protect your identity Stay organized Visual Aid.

Keeping Organized WHPE. Chapter Overview This chapter covers: Benefits of being organized. Understanding property insurance. Annual tax preparation. Household.

82d Soldier Support Battalion (Airborne) Operation Enduring Freedom Military Pay Entitlements As of: 3 January 2002.

4 Minute Financial Check-up that could increase your wealth! Check Your Financial Fitness.

Personal Finance.  Salary: Money paid to an employee on a regular basis  Withheld: Money held to pay taxes.  Deposit: Money that is put into your bank.

Household/Family Financial Management. Steps to Managing Money The indispensable first step to getting the things you want out of life is this: decide.

Money Management Strategies

Credit and Debt: Make it work for you! Insert name, county, and date.

Financial Know-How for College Students Presented by Noel Brock.

Divorce and Starting Over Financially A Financial Literacy Presentation by Member Name, CPA.

Creating a budget is important to ensure your financial security, monitor your income and expenses, and a way to help you save money. In order for your.

1 PowerPay Spending Plan July Marsha A. Goetting Ph.D., CFP ®, CFCS Professor & Extension Family Economics Specialist Department of Agricultural.

Using Credit. Terms to know Credit Creditor Revolving Charge Account Installment Account Vehicle leasing Cash loan Collateral Cosigner Home equity loan.

Hit the Ground Running: Financial Planning after Deployment (APR 2013) 1 Hit the Ground Running: Financial Planning after Deployment Facilitator’s Name.

Key Terms Section 10.1 & 10.2  Why should you be careful not to take on more debt than you can easily repay? *Credit *Equity *Creditworthiness *Character.

Money Management Skills

Lejeune Leadership Institute Financial Planning of Family Separation and Reunion.

Deployment Savings Opportunities Using deployment financial opportunities to boost savings.

1 Financial Wellness Curriculum Introduction to Financial Management More information available at

Learning about Saving Strategies presented by Federal Credit Union Wednesday, February 27, 2013 Arsenal Club, Bldg 60 Rock Island Arsenal, IL.

Financial Planning. Income Minimum Wage - $ 8.10 hourly Associates Degree – $ 40,000 Bachelor Degree – $ 50,000 Masters – $ 45,000 - $ 85,000 Doctorate.

FINANCIAL AND STRESS MANAGEMENT NCC(SW) PATTERSON REFERENCES: BMR CHAPTER 17.

Teen Living Review Objective Expense Expense = anything a person spends money on – Rent/house payment – Car – Clothes – Food – Entertainment –

“Your survival guide for though times!”. Step 1: Pay Attention  Record Transactions  Check your balance  Read your statement  Take action if problems.

Financial Issues in Divorce © WIFE.org, All Rights Reserved.

Teens lesson three the art of budgeting presentation slides 04/09.

YOUR FINANCIAL FUTURE A GUIDE TO MANAGING YOUR FINANCES.

Financial Management Jonathan Banks. 1. Get Paid What You're Worth and Spend Less Than You Earn 1. Get Paid What You're Worth and Spend Less Than You.

© 2008 BALANCE FINANCIAL FITNESS PROGRAM Personal Finance for College Students.

Financial Foundation A Financial Literacy Project Sponsored by Carolina First Bank A Trade Name of TD Bank N.A.

 the ability to borrow money in return for the promise of REPAYMENT  Before using credit you should ask your self:  Is it a want or a need?  Do you.

UNCLASSIFIED 1 AN ARMY FORWARD ANY MISSION, ANYWHERE! REINTEGRATION UNCLASSIFIED 266 th Finance Command Reintegration Briefing.

Credit Report and Credit Score. Today’s Topics Credit reports Credit score components How to establish positive credit history Credit card features Credit.

Personal Finance BF05 This course prepares students to understand economic activities and challenges of individuals and families,

© South-Western Educational Publishing Chapter 8 Budgets and Financial Records Budgeting and Record Keeping Filing Systems Budget: Keeping track of income.

1 Sample Budget ~ Monthly Income ExpectedActualDifferenceNotes Monthly Income Payroll #1 Payroll #2 Alimony Bonus Child Support Interest & Dividend Income.

Personal Finance 101 Part AGENDA Purpose Budgeting Credit Cards Three Tenets of Personal Finance Emergency Savings Retirement Investing –Thrift.

Developing a Spending Plan (Location) (Date). Develoing a Spending Plan What we’ll talk about today Setting Goals Identifying Income Identifying Expenses.

Financial Planning for Deployment Fleet and Family Support Center.

© Family Economics & Financial Education – May 2005 – Spending Plan Unit – Developing a Spending Plan Funded by a grant from Take Charge America, Inc.

Credit and Credit Cards Good Credit Bad Credit No Credit Good Credit Bad Credit No Credit.

Your Financial Future Credit. Payroll deductions  Federal taxes – pays for roads, bridges, government, military, space program, disaster relief, schools.

Financial Records Safe Deposit Box Birth certificatesMortgage papersCar & house titlesInsurance policiesWill Home File Personal records (SSN, resume,

Credit Cards. When thinking of getting a Credit Card follow the Three C’s: Character: Will you repay the debt? How you used credit before? Do you pay.

Goals: Describe the financial planning process. Explain action for implementing a financial plan. Identify actions for reviewing a financial plan.

BBI 2O - Budgeting Track-o-matic

Carroll County Advisement Program FINANCIAL LITERACY *IDENTITY THEFT *MONEY MANAGEMENT.

ACITVITY 2 Introduction to the Air Force Family Welcome to the Air Force Family This activity will cover information about the Air Force that will be beneficial.

Spending Plans Advanced Level G1 © Take Charge Today – August 2013 – Spending Plans – Slide 2 Funded by a grant from Take Charge America, Inc.

How to use credit responsibly and make it work for you.

Presented by Glendale Community Library Instructors: Chuck Milliner and Annette Fisher.

Pre-deployment Training | 1 Planning for Family Separation for Army Soldiers and their Spouses/Family Members Pre-Deployment Training Revised 2008.

Key Terms Section 10.1 & 10.2  Why should you be careful not to take on more debt than you can easily repay? *Credit *Equity *Creditworthiness *Character.

Spending Plans Advanced Level G1 © Take Charge Today – August 2013 – Spending Plans – Slide 2 Funded by a grant from Take Charge America, Inc.

College lesson one the art of budgeting presentation slides 04/09.

Financial Management Element #42 Pg #193.

Personal Finance BF05 This course prepares students to understand economic activities and challenges of individuals and families,

College lesson one the art of budgeting presentation slides 04/09.

Financial Planning.

College lesson one the art of budgeting presentation slides 04/09.

Financial Planning.

College lesson one the art of budgeting presentation slides 04/09.

Presentation transcript:

Before You Take Off: Financial Planning for Deployment (FEB 2013) 1 Before You Take Off: Financial Planning for Deployment Facilitator’s Name Date

Before You Take Off: Financial Planning for Deployment (FEB 2013) 2 Identify documents important to effective financial planning for deployment. Discuss the importance of having a financial management plan during deployment. Objectives

Before You Take Off: Financial Planning for Deployment (FEB 2013) 3  Defense Enrollment Eligibility Reporting System (DEERS)  ID Cards  Will and Living Will  Beneficiaries on accounts  Powers of Attorney (POA) Update Important Documents

Before You Take Off: Financial Planning for Deployment (FEB 2013) 4 Spending Plan INCOME –Wages/Salary –Alimony –Child Support –Retirement income –Social Security EXPENSES –Savings/Emergency –Food –Housing –Utilities –Transportation –Insurances –Clothing

Before You Take Off: Financial Planning for Deployment (FEB 2013) 5  Basic Pay  BAH, BAS, Per Diem  Family Separation Pay  Incentive or Special Pay  Hostile Fire/ Imminent Danger Pay  Combat Zone Tax Exemption Know Your Income

Before You Take Off: Financial Planning for Deployment (FEB 2013) 6 Check your Leave and Earnings Statement (LES)

Before You Take Off: Financial Planning for Deployment (FEB 2013) 7  Regular Expenses ‒ Rent/Mortgage ‒ Utilities ‒ Transportation ‒ Insurance ‒ Savings ‒ Debt Payments Anticipate Expenses  Deployment Expenses – Uniforms – Storage Fees – Packages/Stamps – Child care/Maid Service – Meals away from home

Before You Take Off: Financial Planning for Deployment (FEB 2013) 8  Financial arrangements – Financial Caretaker – Direct Deposit – Allotments – Automatic bill pay  Taxes – Automatic 60-Day filing Extension – 180-Day Automatic Combat Zone Extension – POA or Spouse –Help (FREE tax preparation or questions) Develop a Plan

Before You Take Off: Financial Planning for Deployment (FEB 2013) 9 Savings Emergency savings Revolving savings Long-term savings –Saving Deposit Program –Thrift Savings Plan

Before You Take Off: Financial Planning for Deployment (FEB 2013) 10  Service Members’ Group Life Insurance (SGLI)  Family Service Members’ Group Life Insurance (FSGLI)  Traumatic Injury Protection Under Service Members' Group Life Insurance (TSGLI) Insurance

Before You Take Off: Financial Planning for Deployment (FEB 2013) 11 Credit Bureaus: Equifax – Experian – TransUnion – Register an “active duty alert” Order your free credit reports at Protect Your Identity

Before You Take Off: Financial Planning for Deployment (FEB 2013) 12 Things to Do

Before You Take Off: Financial Planning for Deployment (FEB 2013) 13 Identify documents important to effective financial planning for deployment. Discuss the importance of having a financial management plan during deployment. Objectives

Before You Take Off: Financial Planning for Deployment (FEB 2013) 14 Before You Take Off: Financial Planning for Deployment Facilitator’s Name Date The Department of Defense YRRP adapted this briefing from the Army Community Service (ACS) Mobilization and Deployment Program