Our family lived in temporary lodging one time overseas for a really long time. The other thing is to know exactly not only that, those allowances exist, but how much you're supposed to get. It just doesn't show up in your bank account unless you check the little form on your travel voucher. Dislocation allowance is something that a lot of families don't know about, and you have to ask for it. My family slept on the floor for many, many moves because we did not know that there was this thing called temporary lodging and that you could get an allowance for that. Get to know what allowances you are supposed to get.
The first thing is, may seem kind of basic, but a lot of families just don't know, especially when you're new to the military. So for our purposes with you, money, can you offer us three or four tips to help us with that? So that's why we ask for the sum total so we can understand just how stressed you are.Īmy Bushatz: So there is so many things to talk about around financial planning and PCS, but one of the things I really wanna focus on today is a few best practices around making it through a military move without going into major debt, money, or sanity, really. And they all carry stresses of their own. Cuz sometimes you can't stay in the same house from, you know, stuff happens.Īmy Bushatz: Yeah. I was trying to count how many times I've moved in my whole life. Kate Horrell: We've done nine actual PCS moves. So tell us, how many times have you moved with or without the military? Both of these subjects are a point of passion for you. You're exactly the right person to talk to us about this. Kate Horrell: I'm really glad to be here.Īmy Bushatz: Well, I am so glad to have you. She's gonna offer us some tips and tricks and things to think about as we prepare for PCS season or tackle a move.
What do you need? Where do you find it? Why should you bother? To help us think through some of the practicalities of financial planning and important documents around a military move, we have my friend, accredited financial counselor and longtime money columnist Kate Harrell joining us today. A study from the Military Family Advocacy Network found military families spend an average of $5,000 out of pocket on any given military move - that's $5,000 that isn't reimbursed by the government and simply gone from your bank account.Īnd even as you spend that money, there's another financial aspect to think about that may not even occur to you: Your documentation and keeping all those paperwork ducks in.
#Better trash bags hefty or glad full
Sure, Uncle Sam is supposed to reimburse you for your move, but practically speaking, that almost never covers the full cost of relocating your life from one spot to another as part of a PCS. No matter where you are in your military career, Navy Federal Credit Union has the products and resources to help you navigate your finances. Proudly serving all branches of the armed forces, veterans and their families. PCS With is brought to you by Navy Federal Credit Union.
On this podcast, we talk about everything you need to know to make this military move season your best yet. I'm your host, Amy Bushatz, 's executive editor. The following is an edited transcript of this episode of PCS with .Īmy Bushatz: Welcome to PCS With. PCS With is brought to you by Navy Federal Credit Union.Check out Kate’s military life binder system.In this episode of “PCS with ,” financial columnist and accredited financial counselor Kate Horrell joins us to share her best tips and tricks for a financially smart and sanity-safe military move.įollow and Subscribe to the PCS With PodcastĪpple Podcasts | Google Podcasts | Spotify | TuneIn From passports to shot records, knowing where your documents are won’t just save your sanity, it can also save you money. That means smart money management and knowing and using all of your PCS entitlements is necessary for getting you from Point A to Point B without draining your bank account.Īnd even as you balance that cash flow, you also need to keep another life management factor in mind: All of that paperwork that makes the military life go ’round. Making a military PCS move carries a hefty financial burden for military families.
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