1 / 17

FINANCIAL AND STRESS MANAGEMENT

FINANCIAL AND STRESS MANAGEMENT. NCC(SW) PATTERSON REFERENCES: BMR CHAPTER 17. FINANCIAL. List three types of pay : THESE ARE TAXABLE Basic , Special, and Incentive pays . Types of allowances : THESE ARE NOT TAXABLE BAH, FSA, Clothing and others.

alize
Download Presentation

FINANCIAL AND STRESS MANAGEMENT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FINANCIAL AND STRESS MANAGEMENT • NCC(SW) PATTERSON • REFERENCES: • BMR CHAPTER 17

  2. FINANCIAL • List three types of pay: THESE ARE TAXABLE • Basic , Special, and Incentive pays . • Types of allowances: THESE ARE NOT TAXABLE • BAH, FSA, Clothing and others. • Travel allowances: • DLA, TLA, TLE and mileage/shipment allowances.

  3. FINANCIAL MANAGEMENT • Q. PERSONNEL RECEIVE LONGEVITY (LENGTH OF SERVICE) PAY AFTER HOW MANY YEARS OF SERVICE? • A. EVERY 2 YEARS OF SERVICE (REMEMBER E1-E2 DON’T RECEIVE IT AND E-3 ONLY AFTER 4 YEARS)

  4. FINANCIAL MANAGEMENT • REMEMBER SPECIAL PAY IS FOR SPECIAL CIRCUMSTANCES • SOME ARE REENLISTMENT (SRB) OR TYPE DUTY • Q. WHAT ARE SOME OTHER FORMS OF SPECIAL PAY? • A. FOREIGN DUTY, SEA DUTY, MEDICAL DUTY, HOSTILE FIRE, DIVING

  5. FINANCIAL MANAGMENT • UNIFORM/CLOTHING ALLOWANCE IS PAID ANNUALLY ON YOUR ANNIVERSARY DATE OF ENTERING SERVICE. • BAS-CAN DEPEND ON LOCATION • NO GOVERNMENT MESS YOU WILL RECEIVE BAS

  6. FINANCIAL MANAGEMENT • BAH-ALL ARE ENTITLED NOW IF YOUR SHIP AUTHORIZES. BASED ON YOUR PAYGRADE. • Q. OTHER ALLOWANCES CAN INCLUDE? • A. COLA, FAMILY SEPARATION

  7. FINANCIAL MANAGMENT • Q. GIVE ME SOME EXAMPLES OF ALLOTMENTS… • A. C = CHARITY, D = DEPENDANT, • H = HOUSING, S = SAVINGS • ****YOU ARE RESPONSIBLE FOR YOUR PAY, IF YOU ARE OVERPAID, SAVE THE MONEY, NOTIFY DISBURSING, YOU WILL HAVE TO PAY IT BACK****

  8. FINANCIAL MANAGMENT • VOLUNTARY ALLOTMENTS ARE THE ONES JUST LISTED. • INVOLUNTARY ALLOTMENTS INCLUDE: GARNISHMENT OF PAY, INDEBTEDNESS

  9. YOUR LES • LIST ARTICLES SUCH AS • LEAVE-30 DAYS PER YEAR, • LIBERTY IS NOT ON YOUR LES • CONVALESSCENT LEAVE IS NOT CHARGED TO YOUR REGULAR LEAVE • Q. WHAT IS THE FORM NUMBER FOR A LEAVE REQUEST? • A. NAVCOMPT FORM 3065

  10. FINANCIAL MANAGEMENT • CHECKING ACCOUNTS-YOUR RESPONSIBILITY • Q. WHAT ARTICLE OF THE UCMJ PROHIBITS YOU FROM WRITING A CHECK FOR WHICH YOU HAVE NO FUNDS. • A. ARTICLE 123A

  11. FINANCIAL/STRESS MANAGEMENT • NOTE: • SPECIAL LIBERTIES, NOT ON LES ARE AS FOLLOWS: • THREE DAY LIBERTY--THREE FULL WORKING DAYS • FOUR DAY LIBERTY--SHOULD INCLUDE TWO NON WORK DAYS. EX: THURSDAY EVENING TO TUESDAY MORNING

  12. FINANCIAL MANAGEMENT • DO A BUDGET, KNOW WHERE YOUR MONEY GOES… • THE COST OF CREDIT….IF YOU RUIN YOUR CREDIT YOU MAY NEVER RECOVER. • WATCH OUT FOR THOSE LOANING MONEY AND CARS “TO THE MILITARY” USUALLY HIGH INTEREST.

  13. INSURANCE • SGLI-UP TO 250,000.. • Q. HOW MANY DAYS ARE YOU COVERED AFTER YOUR SEPERATION WITH YOUR SGLI INSURANCE? • A. 120 DAYS

  14. STRESS MANAGEMENT • FORMS OF ABUSE: • VICTIM, EMOTIONAL, SPOUSAL, STALKING, CHILD ABUSE, SEXUAL ABUSE AND PHYSICAL ABUSE • BE CAREFUL:::

  15. STRESS MANAGEMENT • REMEMBER: ACCEPT WHAT YOU CAN’T CHANGE, TRY AND HAVE A POSITIVE ATTITUDE AND KEEP YOUR PERSPECTIVE

  16. TEST YOUR KNOWLEDGE • Q. THE NAVY USES WHAT SYSTEM TO DEPOSIT YOUR PAY? • A. DIRECT DEPOSIT SYSTEM (DDS) • Q. WHAT IS THE PURPOSE OF FAMILY ADVOCACY? • A. TO HELP WITH ANY TYPE OF EMOTIONAL, SEXUAL, OR ABUSE PROBLEMS

  17. TEST YOUR KNOWLEDGE • Q: WHAT IS THE MAIN DIFFERENCE BETWEEN PAY AND ALLOWANCES? • A: TAXES • GOOD LUCK ON THE EXAM

More Related