Joint Base Langley-Eustis  Military and Family Support Center

When relocating, you are eligible to draw advance pay to assist with costs associated with the permanent change of station. These repayments will be automatically withdrawn from the service member's pay monthly, which can reduce monthly income. Generally you repay this loan over 12 months with no interest.

Often, relocating costs more than originally anticipated. If you find yourself in a financial pinch, investigate loans through the Air Force Aid Society (ask about the Falcon Loan), advance pay or a personal loan from your banking institution. Avoid pay day loans and car title loans at all costs! The legal interest rate for pay day loans and title loans for military members is 36%! Becoming and remaining financially fit is critical to your success in the Air Force. Don't wait until it's too late to request assistance.

Fort Eustis: Budgeting is Vital

Whether it is your first or twenty-first move, there will be out of pocket expenses. The government covers only so much of the expense when you move. Financial preparedness is essential in maintaining a good quality of life, but when it comes to moving the expenses can be overwhelming. Budgeting comes in handy. Develop a budget strategy when you know a move is on the way.

If you need assistance in developing a budget plan, call ACS for an appointment with a Budget Counselor. If you arrive at Fort Eustis and need budget/financial planning assistance, call 757-878-3638 for an appointment.

Personal Financial Readiness Program

The Personal Financial Readiness Program focuses on improving soldiers' and families' financial readiness and self-sufficiency. This includes the ability to function as informed consumers. Emphasis is placed on training in money management, proper use of credit, financial planning for deployment, transition and relocation, insurance, and checking account management in an attempt to prevent financial difficulties. The program involves development of debt liquidation plans, housing loss mitigation, and presentation of special subject matter dealing with major item purchases such as home and auto. Individual appointments may be scheduled for budget counseling or consumer issues. Contact 757 878-3638, ACS Building 650.

Cost of Living

There is no COLA entitlement for this area. The local area enjoys a cost of living lower than the national average. The median price of a home in Hampton Roads Virginia is $258,400(Source: Best Place to Live) depending upon the city where you choose to live. If you choose to rent an apartment you will pay between $900 and $1200 on average and again the city you choose to live in will determine your rental cost. Average monthly utility costs = $56 for water, $70 for gas and $135 for electricity(Source: Wallet Hub.com)

Car Insurance

Virginia requires the following minimum coverage:

Bodily injury/death of one person $25,000

Bodily injury/death of two or more persons $50,000 Property damage $20,000

There is no cost-of-living allowance entitlement for this area. The local area enjoys a cost of living lower than the national average.

The median price of a home in Hampton Roads, Virginia, is $235,000, depending on the city in which you choose to live. If you choose to rent an apartment, you will pay $900-$1,200 on average and again, the city you choose to live in will determine your rental cost.

Average monthly utility costs are: $42 for water, $67 for gas and $120 for electricity.

The Air Force Aid Society is available for emergency financial situations. You can access the AFAS at the JBLE Langley Airman and Family Readiness Center. If you experience a financial emergency while you are traveling, you can go to the nearest military installation for help or contact the local Red Cross for assistance.

Advance Pay

When relocating, you are eligible to draw advance pay to help with costs associated with a permanent change of station move. The repayments will be automatically withdrawn from the service member's pay monthly, however, which can reduce monthly income. Generally, you repay this loan over 12 months at 0% interest.

Often, relocating costs more than one originally anticipates. If you find yourself in a financial pinch, investigate loans through the AFAS (ask about the Falcon Loan), advance pay or a personal loan from your banking institution. Avoid pay-day loans and car title loans at all costs. The legal interest rate for pay-day loans and title loans for military members is 36%. Becoming and remaining financially fit is critical to your success in the Air Force. Don't wait until it's too late to request assistance.

Virginia requires the following minimum coverage:

• Bodily injury/death of one person $25,000
• Bodily injury/death of two or more persons $50,000 Property damage $20,000

Langley

Langley has a Personal Financial Management Program at the Airman and Family Readiness Center ready to assist you with all your personal financial needs. Individual appointments are available along with monthly workshops to address your financial needs and questions. Visit us on Facebook to view our quarterly calendar of workshops and events.

Fort Eustis: Budgeting is Vital

If you need assistance in developing a budget plan, call ACS for an appointment with a Budget Counselor. If you arrive at Fort Eustis and need budget/financial planning assistance, call 757-878-3638 for an appointment.

Consumer Affairs and Financial Assistance Program

The Consumer Affairs and Financial Assistance Program (CAFAP) focuses on improving soldiers' and families' financial readiness and self-sufficiency. This includes the ability to function as informed consumers. Emphasis is placed on training in money management, proper use of credit, financial planning for deployment, transition and relocation, insurance, and checking account management in an attempt to prevent financial difficulties. The program involves development of debt liquidation plans, housing loss mitigation, and presentation of special subject matter dealing with major item purchases such as home and auto. Individual appointments may be scheduled for budget counseling or consumer issues. Contact 757-878-1974/1991, ACS Building 650.