Showing 1 - 1 OF 1
Personal Financial Manager
Fleet and Family Support Center
4755 Pasture Rd.
Bldg. 309 on Churchill Ave
Fallon, NV 89496-5000
Contact information for key programs and services at this installation.
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.
Your first stop for discussing financial issues should be with your personal financial manager at the Fleet and Family Support Center, especially if you are on permanent change of station orders from a location with a relatively high basic allowance for housing. The BAH rate for Fallon, Nevada, is significantly lower than at many other installations and can potentially cause a hardship for service members and their families if they are unprepared for the financial change. The PFM can assist with information about the cost of living at Naval Air Station Fallon and in the community, housing and rental costs, referral, emergency assistance and budgeting. When necessary, referrals are made to the Navy-Marine Corps Relief Society, which also offers emergency financial counseling and short-term loans.
2023 Average Rent Prices in Fallon, NV: 2-bedroom apartment is about $1,100+. The price of the rent varies depending on the unit size, location, etc.
Emergencies can happen in transit. If an emergency occurs while you’re on your way to NAS Fallon, be advised that the American Red Cross is available at 800-REDCROSS (800-733-2767).
If the service member draws advance pay when relocating, then budgeting for repayment may be needed. Advance pay repayments will be automatically withdrawn from the service member's pay every month until the advance is paid back, reducing their income, in some cases, drastically.
One simple recommendation is for all families to have a savings account in which you routinely deposit money to save. The easiest way to save is by using an automatic transfer of funds from your checking account to your savings account. That way, you never see the money and you never miss it while your savings account continues to grow.
If you are married or a single parent and are bringing your family, plan on having plenty of cash and/or traveler’s checks for start-up expenses. This money can be accumulated from advanced dislocation allowance, per diem and travel allowances. See your local personnel support detachment office for specific information on the advance pay and allowances for which you are authorized. The estimated start-up money includes rental and security deposits (at least the first and last month's rent). This amount will vary with the size and type of the rental unit.
Command financial specialist:
Each command has a command financial specialist trained to assist you with financial matters. The program emphasizes personal financial responsibility and accountability by providing basic principles and practices of sound money management, counseling tools and referral services. These specialists are an excellent initial resource if you need help with financial matters.
Financial guidance is offered to those experiencing money management difficulties or for those who wish to be in control of their finances. The FFSC as well as the NMCRS can work with you to prepare a personalized budget and spending plan designed to make your life a little easier.
The personal financial manager at the FFSC has monthly financial management workshops and classes that are made available to service members and their families. Some of the available classes are financial management and budgeting, savings and investments, insurance, identity theft, retirement, thrift savings plan, home buying, car buying, consumer awareness, gambling awareness, money matters, and teens and money. Individual appointments and walk-in counseling sessions are available during business hours. For more information about financial assistance, call the FFSC at 775-426-3333 orDSN 312-890-3333.