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.


 
 

 

Becoming stronger through failure

ELLSWORTH AIR FORCE BASE, S.D.  — Failing the Air Force physical training test: my greatest fear since joining the military. It is embarrassing to admit recently that fear came to fruition, but what I have learned through that failure has become one of my greatest strengths. After failing, I definitely felt like a weak person for not...
 
 

Students wear red, white and blue to honor Month of the Military Child

(U.S. Air Force photo by Airman 1st Class Cheyenne Morigeau) Students of Borman Elementary School gather together for a flag raising ceremony and wear red, white and blue clothing to honor the Month of the Military Child at Davis-Monthan Air Force Base, April 10. During the ceremony, the children listened to guest speakers, recited the...
 
 

Case lot sale returns to D-M April 17-19

FORT LEE, Va. – Mention case lot sales and commissary patrons start lining up for the opportunity to save up to 50 percent or more on club-pack and full-case items. Known as the Commissary Customer Appreciation Case Lot Sale, the springtime version of this twice-yearly event will unfold at stateside stores, each hosting their individual...
 

 
(U.S. Air Force photo illustration by Airman 1st Class Jessica H. Smith and Airman Connor J. Marth)

More than meets the eye

MOUNTAIN HOME AIR FORCE BASE, Idaho — The word abuse often conjures images of bruises, swollen lips and harsh markings, but abuse is more than meets the eye. It can be much more than physical suffering and can have last...
 
 
(Courtesy photo)

AFSOUTH working with Colombia to develop space program

American Airmen from the Space community traveled to multiple U.S. space operations locations with Colombian air force counterparts in February as part of a U.S. Southern Command subject matter expert exchange. According to Lt....
 
 

Local Briefs April 17, 2015

NARFE Chapter 55 to meet  April 13, 11 a.m. – Golden Corral The National Active and Retired Federal Employees (NARFE) Association, Chapter 55, will hold their next monthly luncheon meeting on Monday April 13 at the Golden Corral, 4380 East 22nd Street, Tucson, AZ 85711. The luncheon starts at 11 a.m. and ends about 1:30...
 




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