U.S.

February 15, 2013

Realistic financial goals set path for success

Tags:
Airman 1st Class GRACE LEE
56th Fighter Wing Public Affairs

Finance-Picture
Whether it’s 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.”

For more information on financial counselors or creating financial goals, call the A&FRC at (623) 856-6550.




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


 
 

 
DT_JTC0216

Supreme allied commander comes home

Gen. Philip Breedlove, left, NATO supreme allied commander, Europe, visited Luke Air Force Base Sept. 12. Brig. Gen. Scott Pleus, right, 56th Fighter Wing commander, briefed the general on Luke’s evolving mission to train F-3...
 
 
Senior Airman Grace Lee

Command post chief averts potential disaster

Senior Airman Grace Lee Capt. George Normandin, 56th Fighter Wing Command Post chief, received the Aviation Safety Well Done Award Sept. 2, presented by Brig. Gen. Scott Pleus, 56th FW commander. Normandin took control of an F-...
 
 

You are what you eat

“You are what you eat.” This is a generic statement or a notion. It implies that if you eat healthy, you will be healthy. But how true is this in the world today? What we eat, drink, wear, drive and buy is often an attempt to construct a social identity. It lets others know who...
 

 

Knowledge equals power

The phrase “knowledge is power” is said to originate from Sir Francis Bacon in 1597. Personally, I remember learning the phrase from the old television show “School House Rock” theme song. The key idea behind the phrase is the more knowledge you accumulate, the more “power” you will have. Here is a simple breakdown: knowledge...
 
 
Senior Airman
MARCY COPELAND

EOD Airman changed for good by life experiences

Senior AirmanMARCY COPELAND Tech. Sgt. David Gerig’s, 56th Civil Engineer Squadron Explosive Ordnance Disposal team chief, first assignment after technical school was Kadena Air Base, Japan. The challenges in life are often w...
 
 

News Briefs September 19, 2014

CFC kick-off The 56th Fighter Wing Combined Federal Campaign kick-off charity fair is 9 a.m. Monday in Bldg. 1130 auditorium. Learn about the 2014 campaign ‘Serving Our Country. Supporting Our Community.’ and visit with local charities. For more information, call Maj. Jennifer Preyer-Bonton at 623-856-7144. Hispanic Heritage Month National Hispanic Heritage Month began Monday and...
 




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