1. Financial Management
#42 – PG 202

2. ARE YOU READY…?

3. Financial Planning Will Help You:
Live within your means
Maintain good credit history
Reduce stress
Financial planning will guide you to realize your goals and live within your means. It will assist you in determining whether you are spending more than what you earn. If you spend more than what you earn, you are building debt. If you spend less than what you earn, you will definitely build wealth.
One of the important things that civilian employers are looking at in the US the applicants credit history. Their philosophy is: if you can’t handle your own personal finances, how could handle the job you’re applying for? 3

4. The Financial Planning Pyramid
Options, Commodities, etc.
Controlled Spending
Investing is different from savings. More gain is involved, but so is more risk. Don’t invest money you may need in the short term. It’s critical to have the foundation of your personal Financial Planning Pyramid in place before considering investment options. A well-developed plan helps to form a firm foundation for achieving your financial goals. 4

5. Take a Close Look Increase income Decrease living expenses
Decrease indebtedness 5

6. “Caveat Emptor” (Buyer Beware)
Things To Think About
Predatory Lending
Rent / Mortgage
Transportation

8. Preparing Financially For Your Transition
Formulate a Financial Plan (and follow it)
Set SMART financial goals
Reduce Living Expenses to minimum
Eliminate Debt
Try living NOW on your post-transition budget – without Special & Sea Pay

9. Personal Financial Management
Question $