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.


 
 

 
Airman 1st Class 
CORY GOSSETT

MRA graduates 11,000 strong

Airman 1st ClassCORY GOSSETT Detachment 12, 372nd Training Squadron mission-ready Airmen perform a preflight check July 21 on an F-16 Fighting Falcon at Luke Air Force Base. The MRA program teaches Airmen F-16 launching, recove...
 
 

In your comfort zone? Get out!

Being promoted means you are ready to take on the next level of roles and responsibilities, but how do you prepare for the next level of responsibilities? One tactic that has worked for me is to step outside my comfort zone. By doing this, I’ve learned more about the Air Force and experienced more situations...
 
 

Service before self, but don’t forget about self

As Airmen, we live and breathe the Air Force core values on a daily basis. However, don’t let our second core value, service before self, distract you from actually taking care of yourself. In my 13 years of active-duty service, there is one regret I hear most from people both in and out of the...
 

 
Senior Airman Jenna Sarvinski

Life, Liberty, pursuit of happiness brings Kenyan student to America

Senior Airman Jenna Sarvinski Senior Airman Robert Cheruiyot, 56th Medical Operations Squadron medical technician, greets Gen. Julius Waweru Karangi, chief of the defense forces, Kenya. Karangi and Cheruiyot met in a chance enc...
 
 

News Briefs August 1, 2014

Base-wide exercise The 56th Fighter Wing will conduct an active-shooter exercise Aug. 15. The exercise will include military and local, county and state law enforcement, and fire departments. On and off-base residents should expect traffic disruptions, gate closures or delays, and interruptions of customer service operations. Expect to see simulated explosions, smoke, role players depicting...
 
 

Thunderbolt of the Week

Staff Sgt. Gregory Scharp 56th Equipment Maintenance Squadron Phase floor chief Hometown: Sparta, New Jersey Years in service: Six Family: Wife, Maggie Education: Community College of the Air Force aircraft maintenance technology Previous assignments: Moody Air Force Base, Georgia; and Osan Air Base, South Korea Inspirations: Music and my wife Goals: To complete a bachelor’s...
 




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