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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.

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FINANCIAL AND STRESS MANAGEMENT

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  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

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