Local

April 19, 2013

Make paycheck go further

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

Pg-10-frugal-photo
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.”

For more information on saving money or for financial services offered by the A&FRC, call
(623) 856-6550.




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


 
 

 
Pg-3

Honorary commanders bid farewell

Brig. Gen. Scott Pleus, 56th Fighter Wing commander, speaks to the outgoing honorary commanders Sept. 17 at Club Five Six. The Honorary Commander Program fosters relationships between local civic and business leaders and base p...
 
 

News Briefs September 26, 2014

CPTS closed The finance office is closed Monday and Thursday. It will be open regular business hours, 8:30 a.m. to 3 p.m., Tuesday, Wednesday and Friday. For more information, call 1st Lt. William Liaw at 623-856-6035. Comprehensive Airman Fitness Comprehensive Airman Fitness Training is Oct. 14 through 16. It is a three-day course for Airmen...
 
 

Thunderbolt of the Week

Senior Airman Jordan Provencher-Olaes 56th Communications Squadron Network infrastructure technician   Hometown: Chandler, Arizona Years in service: Two Family: Parents, Bridget and Rustico Olaes; brothers, Devon and Ethan Provencher Inspirations: My parents gave me the strength and courage to strive in all areas of life; CS leaders’ mentorship has inspired me to be the very...
 

 
Airman 1st Class Cory Gossett

POW/MIA day commemorated at Luke

Airman 1st Class Cory Gossett Members of the 56th Fighter Wing Honor Guard perform the folding of the flag at the conclusion of the POW/MIA retreat ceremony Sept. 19 at Luke Air Force Base. A warm, breezy late summer afternoon ...
 
 

Chaplain’s thoughts …

Luke Air Force Base held a ceremony to honor America’s prisoners of war and missing in action Sept. 19. There are 83,189 personnel still unaccounted for from conflicts dating back to WWII, according to the Defense Prisoner of War and Missing Personnel Office. These numbers represent countless American families who grieve because they do not...
 
 
Senior Airman Grace Lee

TAP changes to better prepare Airmen for civilian life

Senior Airman Grace Lee Dawn Reynolds, American Veterans representative, speaks to a Transition Assistance Program class. The Luke Air Force Base Airman and Family Readiness Center Transition Assistance Program has recently und...
 




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