Trees for Troops 2014

ellsworthafrc:

Remember that Trees for Troops is this Friday, 5 December!

Originally posted on Airman & Family Readiness Center:

TreesforTroops2014_400It’s that time of year again for Trees for Troops! You can pick up your FREE tree from Outdoor Recreation starting Friday, December 5th. First come, first served!

If you are a spouse of a deployed servicemember, you have first pick from 2:00 to 3:00 PM on December 5th.

For more information, please call Outdoor Recreation at 385-2997.

View original

Looking for an effective way to establish a budget?

10277755_10152758914789727_1432378290758667056_nBeginning on the first day of a new month, get a receipt for everything you purchase. Save and review receipts at the end of the month.

Categorize each expenditure (i.e. groceries, dining out, auto fuel, clothes, etc.) and then total up each category. You will clearly be able to see where your money is going!

According to MilitarySaves.org, 33% of Americans spend more than they earn. The first step to eliminating debt is to stop borrowing & make a budget.

If you have Microsoft Excel, you can use our budget spreadsheet to enter those expenditure categories, your income information from your LES, and your bills for debt (credit cards & loans). Before you know it you have built a report of your finances for that month and can adjust your spending to create a future budget.

Visit our Budgeting Page for a link to our budget spreadsheet and information on recommended spending ratios.

 

 

 

 

New Allotment Rule Protects Troops From Lending Scams

DODcBy Terri Moon Cronk, DoD News, Defense Media Activity

WASHINGTON, Nov. 21, 2014 – Defense Secretary Chuck Hagel has directed a policy change in new paycheck allotments to prevent unscrupulous commercial lenders from taking advantage of troops and their families, Pentagon officials said today.

According to a Defense Department news release published today, effective Jan. 1, 2015, the change in DoD’s Financial Management Regulation will prohibit service members from allotting pay to buy, lease or rent personal property, a senior DoD official said.

Improving Protection for Service Members

According to the release, this policy change will eliminate that aspect of the allotment system most prone to abuse by unscrupulous lenders that prey on service members.

This will significantly improve protections for all service members and their families, while not significantly reducing the flexibility to use allotments for a number of legitimate purposes, the release reported.

New Allotment Changes

DoD officials said that while existing allotments are not affected, service members will no longer be able to make allotments for the following types of purchases: READ MORE on Defense.gov…

 

 

Air Force Respite Care Program Open to EFMP Families

Air Force Respite CareEllsworth AFB Exceptional Family Member Program (EFMP) families are now able to utilize the Air Force Respite Care program. The program is free to eligible families and offers 12 hours of respite care each month.

To be eligible, families need to be enrolled in EFMP and have a child with severe or moderate special needs. Respite care is also available for the siblings of eligible children.

If you have questions about respite care or anything EFMP, please contact the Ellsworth School Liaison Officer at 385-1381.

Active Duty: Your Roth TSP Contributions May Stop Unless You Act

tspIf you are an active duty member of the Army, Air Force, or Navy making dollar-amount Roth contributions to your TSP account, these deductions will stop on January 31, 2015, unless you act.

How your election requirements will change:

An upcoming change in myPay will require you to designate your Roth contributions as a percentage of your pay, not a dollar amount. If you don’t comply with this change, then the Defense Finance and Accounting Service (DFAS) will not be able to process your Roth contributions. This change affects your Roth contributions only; your traditional contributions are already designated as a percentage of pay.

When the change will take place:

The new requirement will take effect January 1, 2015. You will have 30 days to change your Roth election from a dollar amount to a percentage of your pay. If your new Roth election is not received by January 31, 2015, then DFAS will not be able to process your Roth contributions until you update them.

How to make the change:

Log into myPay. You’ll see a special TSP section called “Traditional TSP and Roth TSP”—click there. Then, in the “Contribution from Roth TSP” section, you can enter the percentage of your pay that you’d like to contribute (10%, for example). Finally, click “Save” at the bottom of the screen.

The other way you can make the change is to submit the paper election form, TSP-U-1, available on www.tsp.gov to your finance office.

Source: http://www.dfas.mil/militarymembers/tspformilitary/tspac.html

Trees for Troops 2014

TreesforTroops2014_400It’s that time of year again for Trees for Troops! You can pick up your FREE tree from Outdoor Recreation starting Friday, December 5th. First come, first served!

If you are a spouse of a deployed servicemember, you have first pick from 2:00 to 3:00 PM on December 5th.

For more information, please call Outdoor Recreation at 385-2997.