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.


 
 

 

Air Force News – March 27, 2015

Hawaii In January a team of intelligence Airmen began building the Pacific Air Forces’ first air watch capability. They shared a small computer nestled inside a cramped workspace. It was recently completed, and the team stood up and operated a 24-hour Pacific air watch. California Air Force Global Strike Command Airmen launched an unarmed LGM-30G...
 
 

People First – March 27, 2015

Editor’s Note: The “People First” section is compiled from information from the Air Force Personnel Center, TRICARE, 56th Force Support Squadron, Airman and Family Readiness Flight, Veterans Affairs, the civilian personnel office and armed forces news services. For the complete story, click on the link in the title. Air Force COOL program kicks off The Community...
 
 

Report released: Luke drinking water

The Luke Air Force Base 2014 Annual Consumer Confidence Report on drinking water quality was released March 12 by the 56th Aerospace Medical Squadron Bioenvironmental Engineering. The Environmental Protection Agency requires this report be available to the consuming public. The CCR describes the presence of the contaminants that may be in the drinking water and...
 

 

iMatter site gives AETC Airmen voice to share innovations

JOINT BASE SAN ANTONIO-RANDOLPH, Texas — Air Education and Training Command launched the iMatter website Monday, giving all command Total Force Airmen access to an AETC-specific tool for sharing innovations and improvement ideas. The concept took hold based on Gen. Robin Rand, AETC commander, hearing ideas directly from Airmen during his command site visits. “Air...
 
 
DT_150323-F-HT977-149

CSAF makes stop at Luke

Senior Airman Devante Williams Air Force Chief of Staff Gen. Mark A. Welsh III, and his wife Betty, toured Luke Air Force Base Monday. During an all call, Welsh offered time for questions and answers. More than 1,000 Luke Air F...
 
 

Street Beat

The 56th Security Forces Squadron handled the following incidents March 16 through 22: Tickets Security forces issued citations for 22 moving violations and one nonmoving violation. Emergency responses March 17: Security forces responded to a report of a medical emergency near Bldg. 913. Two Airmen fell from a golf cart when the driver made a...
 




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