Air Force

May 2, 2013

Make paycheck go further

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

LUKE AIR FORCE BASE, Ariz. — There’s an old business adage, “It’s not what you make, it’s what you spend.” Airmen of any rank can make their paychecks go further with a few money saving tricks.

“Being frugal is about making a conscious effort to stretch your hard-earned dollars,” said Sandra Gray, 56th Force Support Squadron Airman Family and Readiness Center community readiness consultant. “A few examples of this can be shopping with coupons or planning weekly meals using grocery store ads. Those savings can really add up over time.”

Another way to be penny-wise is packing meals ahead of time.

“Only buy what you plan to use within a reasonable amount of time,” said Tammy Dupuis, AF&RC resource coordinator. “Pack lunches during the work week and cut back on eating out. Replace daily drive-thru coffee fixes by making coffee at home.”

Although it’s important to know where one can save money, it is equally necessary to know the difference between what is a need and what is a want.

“A person should examine the last 90 days of their bank statements,” said Cory Carmichael, A&FRC community readiness specialist. “It is amazing where our money really goes. Eating out, smoking and convenience stores can be real gremlins on a budget. Poor banking habits, including ATM and overdraft protection fees, equal wasted money.”

To help evaluate areas where one can save cash, Gray recommends looking closely into one’s spending behavior.

“Ask yourself questions such as, ‘do I really need a soda or an alcoholic beverage with my meal?’” Gray said. “Those little purchases can quickly add up. Not only can one save money on food, but also by not buying things on impulse such as the latest phone, car, clothes and more.”

It’s also vital to wait until the price is right to get the best deal on certain items. To do this, research how much items cost and wait until they go on sale, and try to use coupons with the purchase, Gray said. Also, when buying more costly items such as a lawnmower, wait until early fall or when the item in particular is on sale to make the purchase.

“The key to great savings is to be patient and plan ahead,” Gray said.

Being frugal and not buying things on impulse can benefit one’s present and future finances.

“When you are frugal you have more money to pay down debt, save for the future and plan for retirement,” Gray said. “Learning this early in life is very important in order to live a financially stress-free life.”




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


 
 

 
Courtesy photo

Extraordinary effort regardless of outcome

DAVIS-MONTHAN AIR FORCE BASE, Ariz. — Imagine a 5-year-old boy chasing grasshoppers at a camp site. He wanders too far. Darkness falls, and he is lost. A storm is brewing in the sky above, and the camping party turns into...
 
 
U.S. Air Force photo by Airman 1st Class Chris Drzazgowski

D-M conducts Meet and Greet at local high school

TUCSON, Ariz. — A community event was held at Rincon High School Wednesday. The Meet and Greet event allowed members of the Tucson community to interact with their neighboring Airmen and learn about the mission of Davis...
 
 
U.S. Air Force photo/Mike Kaplan

Tuskegee Airman takes final flight at Academy

U.S. AIR FORCE ACADEMY, Colo. (AFNS) — (This feature is part of the “Through Airmen’s Eyes” series. These stories focus on individual Airmen, highlighting their Air Force story.) Franklin Macon’s f...
 

 
DoD
Courtesy photo by Tim Brumbeloe

‘I Will Wait’ Tells Stories of Generations of Military Spouses

WASHINGTON — America sends its sons and daughters to war, and a new play titled “I Will Wait” looks at the effect of these deployments across the generations. The brainchild of Amy Uptgraft, the play connects the experien...
 
 
U.S. Air Force graphic/ Tech. Sgt. Ryan Crane

F-22 inaugural deployment to Europe

SPANGDAHLEM AIR BASE, Germany  — Four F-22 Raptors, one C-17 Globemaster III, and approximately 60 Airmen arrived at Spangdahlem Air Base, Germany, to train with allied air forces and U.S. services through mid-Septembe...
 
 
CAP_pict

Civil Air Patrol joins total force ‘Airmen’

WASHINGTON (AFNS) — When conducting missions for the Air Force as the official Air Force auxiliary, the Civil Air Patrol is now included in the Air Force’s definition of the total force. CAP has provided 74 years of sup...
 




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=""> <s> <strike> <strong>