1. Personal Financial Management in a Transition 9. Resources for Fixing Money Problems Military Relief Societies (now, before you go – and – Retirees) Money calculators and education PowerPay.org from Utah State Extension Other sources of assistance Now may be a good time to pick up positive habits, and make adjustments and corrections while you have time and focus on your transition

2. 2 www. aerhq. org http://riamwr.com/ACS/emergency-relief (309) 782-0829 1-877-882-0523 Red Cross Call Center 1-877-272-7337 Navy / Marine Corps Relief Air Force Aid Society Relief Societies Prevent privation for a short term: food; rent or mortgage; utilities; essential POV payment, gas, insurance; non-receipt of pay; emergency travel; emergency medical; fire & theft. Title 10 Active Duty Soldier with concurrence of Commander or 1SG Spouse with POA; or sponsor’s permission

3. Getting a handle on Money Past

4. A. Enter the creditor information into the matrix: Creditor; Balance Owed; Monthly Payment; APR B. PowerPay will automatically compare options and provide a “pay-off calendar” for that method www.powerpay.org E. Without PowerPayments: treat creditors individually = 10 Years & 8 Months D. With PowerPayments: treat creditors as a group = 3 Years & 10 Months F. Savings in Time & Money C. $661.96/month to the group Page E

5. “Highest Interest First” Method = 3 Yrs 10 Mos “Shortest Term First” Method = 4 Yrs PowerPay! Pay your Creditors as a group! The Career Family is already paying $661.96/mo to their creditors; what method would you pick and why? Page F

6. http://www.consumerfinance.gov/ http://www.illinoisattorneygeneral.gov/consumers/ index.html http://www.iowaattorneygeneral.gov/protecting _consumers/index.html Your local base Staff Judge Advocate and Family Service Center