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United States Air Force
Personal Financial Management Program for assistance, contact your unit Community Readiness Consultant
7601 Randall Avenue
F.E. Warren AFB, WY 82005-2502
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.
The Personal Financial Management Program at the Airman & Family Readiness Center assists members and their families in determining priorities and making sound financial decisions. The center provides budgeting/checkbook management training and assistance. The center hosts monthly brown bag lunch seminars on a variety of financial issues. Financial management briefings are also provided to first duty officers and airmen. Contact 773-5941 for more information.
Once you've received your notice of an assignment, it's time to prepare financially for that move. A couple of options that come to mind are attending either a Smooth Move briefing or Personal Financial Management Program (PFMP) briefing if offered through your Airman and Family Readiness Center Relocation Office.
For pre-planning purposes, contact your current PFMP to develop budgets prior to moving. If you are currently a two-income family, be sure to budget ahead in case your spouse does not find immediate employment in the area. PFMP is a service offered to all military members and their families.
Since most of the individuals who will be assigned here will initially be residing off base, some of the rental requirements are as follows: rental deposit, pet deposit, utility deposit, phone deposit, and first month's fee and hookup for cable television. Most utilities now use a credit check from Equifax Credit Service to determine if a deposit will be required.
During a PCS, unexpected expenses such as car repair or a prolonged stay in temporary housing may cause a need. For assistance, contact the Air Force Aid Society Officer located at the Airman and Family Readiness Center.
The cost of living is average with the exception of housing which many newly assigned personnel find to be high. One bedroom homes currently sell for $105,000, two bedrooms $155,000, three bedroom $202,000 and 4 bedrooms $234,000 and up. Keep in mind the prices quoted are averages. Cheyenne rental apartments range in cost from $350.00 for one bedroom to upward of $850.00 or more for a three bedroom. Small two bedroom homes start at $700 per month; mid-size homes rent for $850 to $1400 per month. Larger, newer homes in nicer neighborhoods rent from $1,200 to $2,000 per month.
The base does not have mobile home facilities but there are mobile home parks in the area. If you are bringing a mobile home to Cheyenne, it¿s advisable to obtain a space before moving. Home parks in Cheyenne rent for $250 -$300 per month.
Military Transfer Clause. When you do find a rental home, ask the Landlord to insert a Military Transfer Clause in the lease. This will allow you to terminate the lease early without penalty if you PCS before the end of the Term.
Air Force Instructions require a visit to the housing referral office, Bldg 281, upon arrival. The housing referral office can also provide information about schools, the Wyoming landlord/tenant laws and a copy of the military clause. The office can provide current listings of homes available for rent or sale and any current sanctions against landlords you are prevented to rent from. The housing referral office is open from 7:30 a.m. to 4: 00 p.m. weekdays. For more information, call 307-773-1840 or DSN 481-1840.
There is no state income tax for Wyoming, however, there is a 6 percent sale tax. You will also need to update your car insurance to reflect Wyoming state requirements. Wyoming law requires you carry a minimum $25 thousand per person for bodily injury, $50 thousand per accident for bodily injury and $20 thousand per accident for property damage.
Please consult with the Financial Service Office regarding Temporary Lodging Expense, BAH rates and advance pay information. If at all possible, try to avoid taking advance pay. The huge benefit of advance pay is there is no interest charged but your repayment starts shortly after arrival and usually at a time when you need extra money the most. We recommend you wait until arrival at your new duty station to make the decision. If it¿s the right one for you, you have up to 60 days after arrival to make the request.
Final Note: If you need emergency assistance while in transit, please contact the closest Red Cross office (refer to the yellow pages in the local phone book for contact information).