1 / 10

Edition of June 5 , 2013

11 Days of Furlough: a $ Planning Calendar “plan your use of available time and money” a presentation from Army Community Service (ACS) of USAG Rock Island Arsenal. Edition of June 5 , 2013. “Uncle Jon” Cook Survivor Outreach Services – Financial Counselor Financial Readiness Program

hugh
Download Presentation

Edition of June 5 , 2013

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. 11 Days of Furlough:a $ Planning Calendar“plan your use of available time and money” a presentation from Army Community Service (ACS) of USAG Rock Island Arsenal Edition of June 5, 2013

  2. “Uncle Jon” Cook • Survivor Outreach Services – Financial Counselor • Financial Readiness Program • Personal Financial Management (PFM) Specialist • Accredited Financial Counselor (AFC) from AFCPE • Army Emergency Relief (AER) • Notary Public • Employment Readiness Program • Military Spouse Employment Program (MSEP) • (Former) Professional in Human Resources (PHR) & (Former) Certified Workforce Development Professional (CWDP) (309) 782 - 0815 1 – 877 – 882 – 0523 jon.c.cook.civ @ mail. mil www. riamwr. com / acs / financial-readiness

  3. Bottom Line Up Front (BLUF) • Prioritize expenses with each of your 6 reduced pay checks. • Purposes • To enable DoD Civilian Employees to: • Plan their use of available time. • Consider the personal financial management aspects of the furlough. • Note how the dates, days and months are arranged. • Scope and Limitations • Assumes that DoD proceeds and continues with an 11 day furlough starting the week of July 8, 2013. • Each organization and employee is impacted differently.

  4. http://readyarmy.ria.army.mil Ready Army is the Army’s proactive campaign to increase the resilience of the Army community and enhance the readiness of the force … www. military saves. org

  5. By the Numbers # • furlough days • 11 week spread • 6 pay periods and paychecks impacted • 1st paycheck -10% • 2nd thru 6th paychecks -20% • 4 months impacted • 3 paydays in October • _# weeks left to save $_ for the furlough

  6. July 11Last full paycheck;Last chance to save! July 2013 The “Little 10%” Shock July 25 - #1First reduced pay check: 1 furlough day = -10%

  7. August 8 - #2Second reduced pay check: 2 furlough days = -20% August 2013 The “Big 20%” Shock Pay days 2 & 3 = -20%

  8. September 2013 Pay days 4, 5 & 6 = -20% Oct 3 - #6 Last reduced pay check Any furlough catch-up days?

  9. Oct 3 - #6 Last reduced pay check October 2013 Pay Day 6 = -20% Extra Pay Day in Oct! Oct 17 Regular, full pay check

  10. MS Excel Spreadsheets and Worksheets www.riamwr.com/acs/financial-readiness/ Money Allocation Plan ($ MAP) [budget] in Weekly Bands (309) 782 – 0815 jon.c.cook.civ@ mail. mil

More Related