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United States Navy
Financial Specialist (PFM)
NAS 1 Sigonella
Hoffpauir Administrative Center
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.
Personal Financial Management
A FFSC program to assist you in developing a personal and/or family financial management plan. Our trained personal financial fitness staff can help you analyze your finances. You can learn more about setting priorities, creating budgets, debt liquidation, Thrift Savings Plan, consumer and credit issues, and predatory lending. We'll help you set a course for financial independence and guide you through your journey of becoming a Million Dollar Sailor. The FFSC staff is a centralized training source for command financial specialists which are also a resource through your command.
Cost of Living
Make sure you are financially prepared to reside on the economy. Cost of living is higher that most US locations. Housing options on the economy are apartments and homes/villas. The average rent for a house/villa is €1200 while the average for a apartment is about €850 according to size and location. You can also expect to pay higher gas, electricity and water bills in a house/villa whereas, you would pay less a month in an apartment. Please see the Per Diem, Travel, and Transportation Allowance Committee’s website for particular COLA allowances for this area.
Temporary Housing and Loding
Please see the Housing Overview regarding this information.
It is highly recommended that you see a PFM or CFS before drawing advance pay. To explore your options if you need extra money for move in expenses. Remember, advance pay must be repaid and that could induce financial stress after you arrive.
Car insurance premiums will cost more in Italy than the USA, depending on the coverage, year, and make of your car. Most personnel reporting to Europe may be able to get substantial savings on their automobile insurance premium if they have a claim free period of a least one to three years. Not all insurance companies in Italy have this policy, but to take advantage of this discount, you must have a letter in hand from your previous insurance company before coming here, stating the period of time that you have been claim free. This must be done on your initial application for insurance and in most cases, the discount will not be retroactive.