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.


 
 

 

Chuck Aaron: Living Legend of Aviation

Chuck ‘Malibu’ Aaron is the first civilian pilot ever to be licensed to perform helicopter aerobatics in the U.S. He is also the first helicopter pilot to be presented with the Art Scholl Showmanship Award, an honor bestowed to recognize the world’s most outstanding air show performers. In 2011, Chuck was inducted to the prestigious...
 
 

Brain Waves to better parenting

Parents learn how to interact with their children on their level during Brain Waves training, here. The purpose of the course is to communicate the mechanics of early childhood development and is designed to help parents make the most of their child’s natural capacity to learn. “This program is targeted towards fathers and to get...
 
 

BAH recertification

The call to have all members recertify their Basic Allowance for Housing (BAH) “with dependent” rate is a Financial Improvement and Audit Readiness (FIAR) mandate in order to establish a method of complying with the FY 2010 National Defense Authorization for document retention. Members who receive “with dependent” rate include those who are married to...
 

 

Transportation official urges planning before PCS moves

WASHINGTON – With warmer weather comes peak moving season, so when orders are in hand, people should plan ahead to ensure the most hassle-free relocation, a senior official who oversees personal property moves for military families said in a recent interview. Navy Capt. Aaron Stanley, personal property program director for U.S. Transportation Command’s Military Surface...
 
 
(Courtesy Photo)

A new sheriff in town

Former high school teacher and current Air Guard member Master Sgt. Wendell Jones, a Weapons Safety NCO, recently graduated from the Pima County Sheriff’s Department Academy Jan. 24. As one of the newer deputies in Pima Count...
 
 

LEAP spring application window delayed

MAXWELL AIR FORCE BASE, Ala. – The spring 2014 Language Enabled Airman Program application period has been delayed. The application window was scheduled to open in February. A new date to apply has not been set, and the spring application period may be cancelled, said program officials. LEAP administrators cited several factors in the decision to delay...
 




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