Fleet & Family Support Center Money Matters T. Whitfield Fleet & Family Support Center 202-685-8454 ta-loris.whitfields@navy.mil
General Money Management and Personal Savings and Investment Element 45 pg 202 Element 46 pg 204
Objective Discuss transitioning service members: financial responsibility/expectation WIIFM TAP Ideals/Standard Resources Summary
TSM Responsibility Prepare a 12 month POST separation budget Why? VOW Act Mandate and CRS standard Also…
Honest financial assessment/consideration WIIFM????? Honest financial assessment/consideration 1 of 2 outcomes
TAP Ideals 3-6 months of living expenses in a savings account Budgeting and debt management is your norm Resources
Bonds Certificate of Deposit Stocks Mutual Funds And… Resources Bonds Certificate of Deposit Stocks Mutual Funds And…
Resources Fleet and Family Support Centers Financial Counselors Military onesource.mil www.saveandinvest.org www.militarymoney.com VA Debt Mgmt Prgm NCC
Summary Use all tools available Start early Anyone can look online to find out what you make but… Start early Use all tools available Make transition as smooth as possible Summary