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United States Air Force
Military & Family Support Center
1191 Menoher Drive
Andrews AFB, MD 20762-6421
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 Services provided at the Military and Family Support Center will provide Financial Readiness Training at touchpoints across the military lifecycle. Training will be delivered in a classroom or one-on-one setting using Air Force standardized training curriculum. Mandatory touchpoints for Financial Readiness Training include first duty station for enlisted and officers, Thrift Savings Plan (vesting), Continuation Pay, transition, pre- and post-deployment, marriage, divorce, birth of first child, disabling sickness or condition, subsequent duty station and promotion. Personal Financial Management Program will provide private first class with budgeting, credit management, financial planning and basic investing. Available computer-generated spending and savings plans and the PowerPay debt repayment programs may be used to identify and compare alternate financial options. Additionally, a plethora of financial-related information and pamphlets are available as well. Individual and family consultations are available.
The cost of living is high in Washington D.C. and the surrounding National Capital Region. Tips on dealing with the costs encountered while living here are available through these and other programs and services available at the Military and Family Support Center.
While most of these high costs are associated with housing and related expenses, everything else is relative to the actual area where you live, including your commuting costs. Your actual cost-of-living expenses will vary and depend on a variety of factors, such as where you chose to live (Maryland, Virginia or the District), the size and specific location of your home or apartment and whether you chose to buy or rent.
Initial up-front moving expenses can vary as well, but you may want to plan on approximately $2,100-$2,600 for a security deposit if you choose to rent. However, to help offset these costs, you may be eligible to participate in the Military Set-Aside Housing program. This is a rental partnership program the military has with some local rental agencies. In most cases rental costs are equal to or lower than your Basic Allowance for Housing. There are no application fees, no move-in deposits, no credit checks and no income requirements. To find out more about this excellent program, contact the base Housing Office at 301-981-5518.
Housing Early Assistance Tool creates an easy online experience to connect you, the service member, with your future destination and offers an online venue to obtain housing assistance prior to a permanent change of station transfer. Headquarters Air Force Housing has successfully implemented HEAT across the Air Force enterprise so members can reach out to installations when preparing for transition. Installations are accessible through the HEAT tool across the continental U.S. and most installations outside the continental U.S. Members should use HEAT when preparing to transfer to their new assignment. Learn more at the Military Homes website. To find out more about this excellent program, contact the base Housing Office at 301-981-5518.
During your move if you find yourself in need of emergency financial assistance the Air Force Aid Society may be able to assist you. To obtain more information about how to apply, visit Air Force Aid Society at https://afas.org/. Your submitted application will then be routed to the nearest Air Force installation. Navy, Marine Corps, Army and Coast Guard members, should contact their emergency financial assistance branch for financial support.