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United States Air Force
Airman and Family Readiness Center 17 FSS/FSFR
171 Valiant Street Building 145
GAFB, TX 76908-4402
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.
Perhaps one of the biggest disadvantages to moving is the cost. Even though the military provides reimbursement for some expenses, many individuals/families also have un-reimbursable expenses.
Your Airman and Family Readiness Center (or Army Community Service Center) have trained personnel who will sit down and help you develop a budget for your upcoming move. Proper preparation is the best course of action for your pending move. Current information on relocation entitlements, including Dislocation Allowance (DLA) is provided.
Whenever you have a change in your financial situation (change in spouse employment, pay increase, housing costs or housing allowances, marriage, birth/adoption, receive bonus, etc..), it is recommended you review and revise your budget. If married, this should be done together if at all possible.
Personal Financial Management Program
The Personal Financial Management Program at Goodfellow offers information, education, and personal financial management counseling to individual, couples, and groups. Subject areas include budgeting, debt/credit/debit management, saving and investing. Financial refresher training is conducted for all arriving airmen E-4 and below. Personal Financial Management classes are offered to all First Term Airmen at FTAC. Lunchtime classes are offered throughout the year on every aspect of personal finance, from basic budgeting to investing.
Temporary Lodging costs depend on rank and availability. Members in PCS status are usually authorized up to 10 total days Temporary Lodging Allowance for CONUS to CONUS moves (gaining and losing bases combined, not per base), and up to 5 days for CONUS to OCONUS moves.
Members with Permanent Change of Station (PCS) orders may apply for Advance Pay not earlier than 30 days before their estimated departure date and not later than 60 days after arrival at the new Permanent Duty Station. No more than three months advance pay may be drawn. The advance is normally repaid in equal installments over 12 months, however, those members who can show hardship can extend the repayment period up to 24 months. Advance pay is calculated from base pay, not pay with allowances. Think twice about obtaining advance pay! Repayments can become a financial hardship as they will be automatically withdrawn from the service member's pay monthly, reducing monthly income, sometimes drastically! Take home pay will be reduced when it is needed for bills and unforeseen expenses at the new duty station. Consider talking with the Personal Financial Management Program (PFMP) Manager at your Airman and Family Readiness Center prior to drawing advance pay.
If approved by your commander, an advance housing allowance can be drawn. You must prove this money will be used for housing costs. Advance housing allowance is up to three months BAH for a stateside move. The allowance cannot exceed the anticipated housing cost. Advance housing allowance may be repaid over a 12 month period. Remember all advance pay (including advance housing allowance) must be repaid.
Dislocation Allowance (DLA) is generally payable whenever a member is required to relocate his or her household in conjunction with a PCS move. It is to help offset initial moving-related expenses such as utility deposits, hook-up fees, curtains, rugs, etc. DLA is not payable for members assigned to dorms, who do not relocate their dependents, or for retirement/separation moves. If there are dependents, their travel must be authorized on PCS orders and DLA will be payable upon completion of travel. If the service member has no dependents, DLA may be authorized at the "without dependent" rate if not assigned to permanent government quarters (dormitory) within 60 days after arrival at the new duty station (with approval from gaining commander).
The cost of living in the San Angelo area is generally lower than many metropolitan areas. Most popular conveniences are readily available. However, some services and commodities purchased locally can be more expensive due to less competition, and the 3 - 4 hour drive to San Antonio or Ft Worth/Dallas for expanded shopping, selection, or services can contribute to living costs for the average military member or family. There is no Cost of Living Allowance (COLA) for this area.
Minimum car insurance coverage requirements include liability with limits of at least 25/50/10. This means: $25,000 for injury to another person; $50,000 for injuries to all other persons; $10,000 for damage to another's property. Shopping for the best vehicle insurance rates is a must. You can do this from home on the Internet. Liability insurance is required, but it's also a good idea to carry insurance for uninsured motorists.
Your Government Charge Card is not a personal credit card! The Government Charge card is to be used for official travel related expenses only. Personal use outside of this boundary is considered fraud. Since this is a charge card, arrangement balances are to be paid in full upon receipt of the statement.
Emergency relief agencies for each of the military services include the Air Force Aid Society, Army Emergency Relief, and Navy/Marine Corps Relief. These agencies offer no-interest loans for approved emergency financial needs for food, rent, utilities, transportation, vehicle repair, funeral expenses, medical/dental expenses, and personal needs when pay is delayed or stolen. (Grants are also available under very limited circumstances, such as natural disasters.) Service members may apply for emergency relief assistance at any installation. If there is no emergency relief agency or military installation nearby, use the American Red Cross. All branches of the service have inter-service agreements to assist any military individual. Other agencies that may offer assistance in an emergency situation include the Salvation Army, local hospitals (Community and Shannon), local Police and Fire Departments, and the American Automobile Association (for automobile breakdowns, towing, etc.).