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Personal Financial Management in a Transition 9. Resources for Fixing Money Problems

Personal Financial Management in a Transition 9. Resources for Fixing Money Problems. Now may be a good time to pick up positive habits, and make adjustments and corrections while you have time and focus on your transition. Military Relief Societies (now, before you go – and – Retirees)

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Personal Financial Management in a Transition 9. Resources for Fixing Money Problems

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  1. Personal Financial Management in a Transition 9. Resources for Fixing Money Problems Now may be a good time to pick up positive habits, and make adjustments and corrections while you have time and focus on your transition Military Relief Societies (now, before you go – and – Retirees) Money calculators and education PowerPay.org from Utah State Extension Other sources of assistance

  2. Relief Societies www. aerhq. org (309) 782-0829 1-877-882-0523 http://riamwr.com/ACS/emergency-relief Red Cross Call Center1-877-272-7337 Navy / Marine Corps Relief Air Force Aid Society Title 10 Active Duty Soldier with concurrence of Commander or 1SG Spouse with POA; or sponsor’s permission Prevent privation for a short term: food; rent or mortgage; utilities; essential POV payment, gas, insurance; non-receipt of pay; emergency travel; emergency medical; fire & theft.

  3. Getting a handle on Money Past

  4. www.powerpay.org A. Enter the creditor information into the matrix:Creditor; Balance Owed; Monthly Payment; APR B. PowerPay will automatically compare options and provide a “pay-off calendar” for that method C. $661.96/monthto the group D. With PowerPayments: treat creditors as a group= 3 Years & 10 Months E. Without PowerPayments: treat creditors individually= 10 Years & 8 Months F. Savings in Time & Money Page E

  5. PowerPay! Pay your Creditors as a group! The Career Family is already paying $661.96/mo to their creditors;what method would you pick and why? “Highest Interest First” Method = 3 Yrs 10 Mos “Shortest Term First” Method = 4 Yrs Page F

  6. http://www.consumerfinance.gov/ http://www.illinoisattorneygeneral.gov/consumers/index.html http://www.iowaattorneygeneral.gov/protecting_consumers/index.html Your local base Staff Judge Advocate and Family Service Center

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