Financial Preparedness

Extracted from: TC 2-7 Personal Financial and Deployability Handbook

Direct payment

Up to 6 allotments direct from military pay

Have more payment come from bank (electronic fund transfer)

If you wait until deployment:

Finance Office may be handling many requests

Processing of requests may take weeks

Take with you:

checks (have separate accounts if married)

addresses of mailing addresses and amounts of bills, if fixed

Are there some bills that you won't need?

cell phone

full car insurance

Power of Attorney to someone to pay bills

for spouse

also useful if not married

Entitlements

Separate Rations (BAS) will stop

Possible additional pays and allowances:

Foreign Duty Pay- enlisted only

Imminent Danger Pay

Family Separation Allowance

to all soldiers with dependents who deploy for > 30 days

Ensure spouse gets copy

May be able to arrange two copies

Using allotment or electronic fund transfer from bank

Determine direct deposit arrangements ahead of time (see above)

Residence

Automobiles