Ouch! Have you filled your tank recently? Gas in southern California is approaching $4/gallon. The unemployment numbers just came out and well, military spouses are not immune. Cheryl’s hours were cut. Abby lost her job to workforce reduction. Tiffany PCS’d with her husband and cannot find a job. Her income is sorely missed. Jason and Melanie PCS’d. They owned their home in Norfolk and could not sell it prior to PCS’ing. Now they are paying a mortgage on their first house and rent on their second. How are your finances? Our service members may be secure in their job, how secure is yours?
More than ever it is important to “pay yourself’ first. Pay myself? Yup, pay ourselves … as in savings. There is a Department of Defense (DoD) supported initiative you should know about. Dana Ross, FFSC San Diego offers, “When we encounter hard times we can ride them out when we have savings. Military Saves is an effort to change our (military) culture, to change the cycle of debt and start a cycle of wealth through savings. It is about the health of our military families.”