By Tammy Fink Special to GUIDON October is Consumer Awareness Month, and the Financial Readiness Office wants you to know your rights. Fair Debt Collections Practices Act The Fair Debt Collection Practices Act was established in September 1977 as an amendment to the Consumer Credit Protection Act. The act established legal protections from abusive practices by debt collectors and … [Read more...] about Knowing your consumer protection rights
By Tammy Fink Special to GUIDON October is Consumer Awareness Month and the Financial Readiness Office wants you to know your rights. Truth in Lending Act The Truth in Lending Act was established in 1968 and is a federal law which is designed to encourage informed use regarding consumer credit. This law requires lenders to disclose their terms, the costs associated with borrowing and … [Read more...] about In the Works: FRO and consumer protection
From Military OneSource Special to GUIDON As a member of the military, you know to be prepared for anything. That’s why building and maintaining an emergency fund is key to financial readiness. That fund allows you to focus on the mission, knowing that you and your family can handle life’s curveballs. How much to save A good general recommendation is three to six months of living … [Read more...] about Building a solid financial emergency fund
By Kathleen Spain Special to GUIDON It’s that time of the year when new orders are being issued and the Permanent Change of Station office will begin to see more activity. Making a PCS as smooth as possible requires some planning and preparation. Financially speaking, there will be costs that are incurred you may or may not have considered. Once you have been notified of your next … [Read more...] about In the works: Are you financially ready to PCS?
Photos and interviews by Sam Campbell “The one that comes to mind for myself is our home got hit by a tornado here in Missouri. In between losing the home, we had to relocate. Of course, we had insurance but there are still additional costs that come with losing everything. So, because we lived below our means, we had emergency savings already established. It came in handy because otherwise … [Read more...] about Viewpoint: What significant life event tested your financial readiness?
By John Daskauskas Special to GUIDON If you are like any typical recent college graduate, you are already trying to get ahead and make your way into the employment world. Before all students walk away from their college campuses, they generally put all their college loans on either a deferment or forbearance (e.g. you don’t pay now, but you will have to pay later). There is nothing … [Read more...] about Keeping up-to-date on student loan payments
By Tammy Fink Have you made your New Year's resolution yet? If you haven’t, consider to resolve your financial worries by creating your financial plan this year. Many of us this year will resolve to become financially fit. There are simple steps you can take to make this happen. The first step is to identify your financial goals. How much money do you need to make ends meet from month to … [Read more...] about Financial Readiness Office: Identify fiscal goals for 2019