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United States Air Force
Airman & Family Readiness Center - Personal Financial Readiness Services
502 W. Van Matre Ave.
Eglin AFB, FL 32542
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.
Financial Resiliency = Mission Readiness. This is the basis for the Airman & Family Readiness Center's (A&FRC) Personal Financial Readiness (PFR) Services. With service members facing unique and complex requirements of deployments, family separation, frequent moves, spouse employment issues, special needs and other stressful situations, the importance of service members having their financial affairs in order is paramount.
The A&FRC is committed to fostering a culture that values financial literacy and fiscal competency resulting in service members and their families exhibiting responsible and effective financial management behaviors that improve their quality of life.
The PFR program ensures service members and their families have access to financial management services that:
The Eglin AFB A&FRC offers a variety of classes and one-on-one assistance on topics such as budgeting, savings & investing, credit, Thrift Savings Plan, car buying, and home buying. Contact the A&FRC at 850-882-9060 for more information.
Cost of Living
Eglin AFB is located in North West Florida in a region called the Emerald Coast due to the emerald color of the local Gulf of Mexico waters. As a result, it is a popular tourist destination. For a variety of reasons, lodging options are limited. Traffic is heavy, especially during commuting hours, especially on HWY 98 and HYW 85. During the summer, thanks to tourism, traffic congestion is severe. Depending on where you live, the cost of living can be 14% higher than the national average.
Cost of Living Allowance
Eglin AFB does not have a Cost of Living Allowance.
Temporary Lodging Allowance (TLA)
TLA is used to partially reimburse a member for the more than normal expenses incurred during occupancy of temporary lodging and expenses of meals obtained as a direct result of the use of temporary lodging Outside Continental United States (OCONUS). The OCONUS base handles the paperwork and processing of TLA.
Temporary Lodging Expenses (TLE)
TLE is intended to partially reimburse members for lodging and meal expenses when a member/dependent(s) occupy temporary quarters in CONUS in conjunction with a PCS. The gaining base handles the paperwork and processing of TLA.
Housing and Utility Costs
Rental housing is scarce and the price varies greatly depending on the city. Average home prices vary depending on the surrounding city, but range between $125-$250K.
Monthly utility bills are high, as this is a high temperature and very high humidity area - averaging $180-250 per month for a typical home.
Florida Car Insurance
Florida law requires residents of FL to have car insurance. You must purchase the minimum coverage amounts for both personal injury protection (PIP) insurance and property damage liability (PDL) car insurance. Luckily, Florida offsets this coverage requirement by offering some of the lowest car insurance coverage premiums in the country.
Florida is a no-fault insurance state. If you are injured in an accident, your car insurance will pay your medical costs up to your policy's limits, regardless of who caused the accident.
The minimum limits for Florida car insurance coverage are:
$10,000 of no-fault or personal injury protection (PIP) insurance
$10,000 of property damage liability (PDL) insurance
Florida Driver License
Florida License Plate
Government Travel Card
Use your government travel card only for authorized expenses, and be mindful of your daily allowances. Save all receipts, especially if your expenses exceed your authorizations, since they may be tax deductible items.
Emergency Financial Assistance in Transit
If you have a financial emergency while en route to Eglin AFB, please contact the nearest military base or call the American Red Cross, active-duty service members stationed in the United States and family members residing with them: Call 1-877-272-7337 (toll-free) or 1-800-733-2767.
Family members who do not reside in the service members' household, members of the National Guard and Reserves, retirees and civilians: Call your local Red Cross chapter. Active-duty service members and DoD civilians stationed overseas and family members residing with them: call base or installation operators or the Red Cross office at the overseas location.
Emergency Financial Assistance in Local Area
The Air Force Aid Society is the official charity of the United States Air Force. A private, non-profit organization, the Society promotes the Air Force mission by providing worldwide emergency assistance, sponsoring education assistance programs, and offering a variety of base community enhancement programs that improve quality of life for Airmen and their families. The AFA Society assists with rent, food, shelter, vehicle repairs including parts and labor; emergency travel for death or serious illness of immediate family members. Call the A&FRC at 850-882-9060 in case of emergencies.
Managing your financial affairs during a PCS move can be challenging. You may be tempted to take Advance Pay to tackle this challenge. Remember, advances are loans, and you must pay them back. Be warned! This is not "free money," as this will be taken out of your pay by finance. Contact the local A&FRC office to get a budget analysis before you apply for Advance Pay to see if you can afford this additional allotment.