Financial Assistance

Through Army Community Service, a soldier and/or family member can receive financial counseling on many different areas like money management, personal financial management, planning and budgeting, credit score improvement, Thrift Savings Plan, and Army Emergency Relief. 

When moving overseas, a soldier and family member might incur extra financial benefits like Cost of Living Allowance, Basic Substance Allowance, Overseas Housing Allowance, etc. Extra funds vary depending on rank and family size.

Relocating to Korea, like any new assignment, often includes a period of turmoil in lifestyle, family routine and personal finances. However, assignments to Korea seem to take a longer period to reach financial stability. The level of your financial stress in relocating depends on your personal financial management plan.

While on leave or traveling to a new overseas location, make sure someone has contact information in case of emergency. The best way to get emergency information either sent or received is through the American Red Cross. While in USAG Daegu, ARC is always here to assist but if it’s after duty hours and a medical emergency. Please visit the closest medical treatment facility. USAG Daegu does not have a hospital but does have a memorandum of understanding with community hospitals which will provide service to soldiers and their families. 

Another way of getting emergency funds, if not wanting to go through Army Emergency Relief or ARC, is requesting advance pay through finance. By requesting advance pay, the soldier is actually requesting through their paycheck. Reimbursement of advance pay is usually a half month’s pay for however many months it takes to pay back the advance pay. Though this is helpful at times, this situation could leave the soldier and family in a more difficult financial burden receiving only half a month’s pay during the time frame.