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Department of the Air Force
Airman and Family Readiness, Personal Financial Management Program
308 N 1st Street
Bldg 52, Suite 1201
Altus AFB, OK 73523-5008
Resources are available to help you understand and manage your finances, including one-on-one financial counseling to assist you and your family with financial readiness. Services are designed to focus on money management issues throughout your active-duty lifecycle and into retirement. Financial readiness educational opportunities range from basic planning to long-term investing. Check out the information below to see what’s available at your installation.
Remember! Any advance pay is just a loan and has to be repaid to the government. Check with your military pay center or civilian pay office to ask for possible entitlements.
Altus Air Force Base does not have a Cost of Living Allowance.
Temporary Lodging Allowance
TLA is used to partially reimburse a member for the above normal expenses incurred during occupancy of temporary lodging and expenses of meals obtained as a direct result of use of temporary lodging outside the continental United States. The OCONUS base handles the paperwork and processing of TLA.
Temporary Lodging Expenses
TLE is intended to partially reimburse members for lodging and meal expenses when a member/dependent(s) occupy temporary quarters in the continental U.S. in conjunction with a permanent change of station.
Housing and Utility Costs
Rentals and property to purchase are both plentiful. Three-bedroom rentals start at about $1014 per month and go up from there, and purchase prices for three-bedroom homes begin at $139,000. The median price in the valley for a new three-bedroom home is $175,000; however, housing prices can vary drastically. Utility costs will vary considerably throughout the year. The summers usually bring high electric bills, and winters bring high gas bills.
Making a permanent change of station can be expensive. There are many hidden costs involved in moving, and it is important to plan for these hidden costs. Your spending plan can be reviewed to start saving extra money early to assist with the moving expenses. If you are married, your spouse should be involved in the development of the revised spending plan.
Please contact the Airman and Family Readiness Center at 580-481-6761 for information on personal financial management counseling and other financial matters that may be affected by your move. Everyone would do well to formulate a personal financial plan. Your quality of life depends on how well you manage your resources. Those who plan for the future reap the benefit of peace of mind for themselves and their family. The Personal Financial Management Program can be of tremendous value to you in making sound decisions affecting your personal financial administration. Remember, it is not your level of income but how you manage the income that matters over the long term.
The Air Force Aid Society is the official charity of the United States Air Force. A private, non-profit organization, AFAS promotes the Air Force mission by providing worldwide emergency assistance, sponsoring education assistance programs and offering a variety of base community enhancement programs which improve quality of life for airmen and their families. The AFAS assists with rent, food, shelter, vehicle repairs including parts and labor and emergency travel for death or serious illness of immediate family members.
Child Care for Permanent Change of Station
Sponsored by the AFAS, this program offers relocating families 20 hours of free child care per child within 60 days of a PCS. Child care is authorized for both inbound and outbound families; however, care must be provided by on-base licensed family child care providers.
Give Parents a Break
The AFAS recognizes that Air Force families are subject to unique stresses due to the nature of military life, including deployments, remote tours of duty and extended working hours. In an effort to help these families, the AFAS, in cooperation with the Air Force child care community, has agreed to provide funding for child care under our Give Parents a Break program. The purpose of this program is to offer eligible parents a few hours’ break from the stresses of parenting. Active-duty Air Force families may use this time to suit their personal needs. AFAS will pay the cost of having the base Child Development Center open once a month for families referred to the program. Families will not be charged for the care.
Child Care for Volunteers
The AFAS provides funding for the Child Care for Volunteers program. AFAS will pay limited child care expenses in Air Force-licensed or affiliated family day care homes for volunteers who are engaged in supporting programs which benefit the Air Force community.
The AFAS Respite Care Program is intended for active-duty Air Force families who have a family member with special needs. The goal of the program is to provide a break for a few hours a week or month to families who have the responsibility of 24-hours-a-day care for an ill or disabled family member. This person may be a child, spouse or parent living in the household.
AFAS assistance for respite care is based on need, the need for respite time as well as financial need, and assistance is always given as a grant. Families with a special needs family member who have the financial means to pay for care should do so. Our program is intended to assist those who cannot afford the care and would otherwise never get a break.
Families are referred to the AFAS for respite care through the Exceptional Family Member Program or the Family Advocacy Office.
Please refer to the following websites for relocation information:
Government Travel Card
Use your government credit card only for those expenses authorized, and make sure you stay within your daily allowances. Save all receipts, especially if your expenses exceed your authorizations since they may be tax deductible items.
Take care in signing financial contracts after you arrive. Pay special attention to certain types of contracts such as rent to own agreements. Those contracts can result in final costs that may range as high as 300% more than the actual cost of the item purchased. If you have concerns or questions about any sales agreements or interest rates, the staff at the A&FRC would be happy to review them with you before you enter into any final agreement.