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.


 
 

 
Rain

Lakefront property …

A staff sergeant watches as water continues to flood a parking lot Monday in front the 61st Aircraft Maintenance Unit on Luke Air Force Base. The base experienced a two-inch rainfall causing flooding and delays around Luke.
 
 
Senior Airman 
GRACE LEE

Thunderbolts save volts

Senior AirmanGRACE LEE A solar array panel stands on a dormitory roof Sept. 3 at Luke Air Force Base. There are currently four active solar arrays on base. The solar array shown will produce hot water to the dormitory. With res...
 
 

News Briefs September 12, 2014

GOV service station closure The Base Service Station (government-owned vehicle gas station) will close at midnight Sept. 28 and reopen at midnight Oct. 1. For more information, email Staff Sgt. Bradley Ahlemeyer at bradley.ahlemeyer@us.af.mil or call 623-856-7391. Quit tobacco for 31 days The Stoptober Challenge is to be smoke free for the month of October....
 

 
140908-F-BW200-019

Luke gets drenched

The water level creeps toward the 56th Fighter Wing headquarters building Monday on Luke Air Force Base. Flooding areas around Luke, nearly four inches of rain fell during the late monsoon season storm. It was joined by weather...
 
 
NDT4

Weapons maintainers: Providing munitions for the mission

Senior Airman Christopher Bolling, 56th EMS precision-guided munitions team member, performs a periodic inspection of a captive air missile 9 M. All conventional air-to-air and air-to-ground munitions are periodically inspected...
 
 
140830-F-BI157-007

Thunderbolts swim, bike, run

Participants take to the water Saturday at the Silver Wings Pool in the first event of the 7th Annual Luke Air Force Base Fall Triathlon. The swimming event was an eight-lap race followed by the biking and running events. For t...
 




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