1. 45: General Money Management : Personal Savings and Investment
NAVY Pre-Separation Counselor Training
Pages:

3. Budget
What is a budget?.
Why do we need one?

4. Current Monthly Budget
Create your own monthly budget
INCOME
E7 OVER 20 YRS
BASE PAY
$4797(TAXED)
BAH
$3276
BAS
$369
COLA
$356
TOTAL
$8798 ($105,576 YR)

5. Expenses Mortgage/Rent $2500 HOA 400 UTILITIES 300 CAR PAYMENT
1000 (2 CARS)
CAR INSURANCE
150
CHILD CARE
640 PER CHILD
FOOD
800
CELL PHONES
CABLE
ENTERTAINMENT/DINING
DEBT 1
200
DEBT 2
100
TOTAL:
$7030

6. Post Military Monthly Budget
Create your own monthly budget
INCOME
E7 OVER 20 YRS
Human Resource Manager (HI)
$7760 (TAXED)
TOTAL
$7760 ($93120 YR)

7. Post Military Expenses
Mortgage/Rent
$2500
HOA
400
UTILITIES
300
CAR PAYMENT
1000 (2 CARS)
CAR INSURANCE
150
CHILD CARE
640 PER CHILD
FOOD
800
CELL PHONES
CABLE
ENTERTAINMENT/DINING
DEBT 1
200
DEBT 2
100
TOTAL:
$7030

8. Debt Management
“You must gain control over your money or the lack of it will forever control you.”
― Dave Ramsey

9. Post Military Expenses (cut the fat)
Mortgage/Rent
$2500
HOA
400
UTILITIES
300
CAR PAYMENT
1000 (2 CARS)
CAR INSURANCE
150
CHILD CARE
640 PER CHILD
FOOD
800
CELL PHONES
CABLE
ENTERTAINMENT/DINING
DEBT 1
200
DEBT 2
100
TOTAL:
$7030
$1600 saved

10. PERSONAL SAVINGS AND INVESTMENTS
STOCKS
RISK
Bonds
Savings Account
REWARD

11. Seek Professional Financial Advisor
CERTIFIED!!!!
Does not pressure you to buy a product
Teaches you about your financial health
Has your best interest at heart

12. References https://www.dfas.mil/