U.S.

February 21, 2013

Realistic financial goals set path for success

Airman 1st Class Grace Lee
56th Fighter Wing Public Affairs

LUKE AIR FORCE BASE, Ariz. — Whether its money needed for a college fund, car, future home or credit card debt, it is essential to plan ahead and create financial goals.

“Financial goals enable us to properly plan where our money should be saved and spent,” said Cory Carmichael, 56th Force Support Squadron Airman and Family Readiness Center community readiness specialist. “For most working adults and military members the concern is not the lack of money, but rather the lack of planning and goals.”

To start, it is important to set practical goals and keep oneself accountable.

“Ensure the goals are realistic and attainable,” said Victoria Muniz, 56th FSS community readiness specialist. “Don’t set yourself up for failure with unrealistic and unspecified goals. It is so easy to become confused and discouraged. Take a step back, and tackle it again in a day or two.”

An easy way to create an achievable goal is by using the SMARTER method.

“SMARTER stands for specific, measurable, action orientated, result focused, time limited, excitable and reward,” Muniz said. “Using the SMARTER method is not only great for making financial goals but practically anything goal orientated.”

For Carmichael, the best place to start if unsure about goal planning is with debt.

“In addition to paying all bills on time, one should pay off any accounts with high interest finance charges,” he said. “I also advise having an emergency fund just in case something occurs.”

Muniz recommends sharing goals with family or close friends in order to help remain accountable as well as scheduling a time to speak with a financial counselor.

“Sit down with a financial counselor and discuss your goals and plans for today and the future,” she said. “The Airman and Family Readiness Center has financial counselors available to help with financial needs.”

While creating a goal may be the easy part, staying on track isn’t always as easy. For this, Carmichael suggests spending less than what is earned, paying all bills on time, every time and starting small while thinking big for saving money.

“The A&FRC, in addition to having trained financial counselors, has publications, guides, classes and other free resources to answer all your financial questions,” Carmichael said. “The A&FRC also provides one-on-one appointments to review and discuss budgets and spending plans. Take steps now to improve your financial fitness.”




All of this week's top headlines to your email every Friday.


 
 

 
Tree_pict

D-M celebrates Earth Day with Soaring Heights

Soaring Heights Communities, the privatized Lend Lease housing community on Davis-Monthan, celebrated Earth Day with help from The Groundskeeper, and some of the community’s youngest residents. “We’re thrilled to work wit...
 
 

Commissary surcharge helps patrons improve benefit

FORT LEE, Va.– There’s a lot to learn about the commissary surcharge just by considering four new commissaries opened last year on Army, Navy and Air Force installations. Thanks to the surcharge – the 5 percent added to every commissary customer’s receipt – the military communities at Naval Support Activity Annapolis, Md.; Fort Polk, La.;...
 
 
(U.S. Air Force Illustration/Staff Sgt. Miguel Lara III)

Supplements: Awareness is a serious matter

PETERSON AIR FORCE BASE, Colo. (AFNS) — Health, fitness and energy are important considerations for all Airmen, but when does pursuing them result in potential and real problems? Supplements, health foods and energy drink...
 

 
(U.S. Air Force photo by Airman 1st Class Cheyenne Morigeau)

German cultural exchange students visit D-M

Buena Vista High school students and cultural exchange students from Redebeul, Germany, toured D-M April 23. The 30 students went to three units learning about the Air Force and the missions here in a hands-on environment. The ...
 
 

Have faith in the Air Force system

LUKE AIR FORCE BASE, AZ — Throughout our Air Force careers, we have all received extensive training covering the Air Force core values — integrity first, service before self and excellence in all we do. We talk about them on a daily basis in one capacity or another using them as buzz words to drive our point...
 
 
DT_pict7

48th RQS trains for the real deal

While many Airmen from D-M were finishing up their day, some Pararescuemen were beginning theirs, on the evening of April 14. The 48th Rescue Squadron conducted a pre-deployment training exercise to teach, train and test Airmen...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin