PCS Most Popular Articles

  • Eielson Air Force Base housing. Senior Airman Yash Rojas/Air Force
    Living on Base: Pros and Cons
    Military.com
    Military installations try to offer accommodations that ensure most families want for nothing. However, living on a military ba...
  • A servicemember carrying a box
    Your Personally Procured Move (PPM)
    Military.com
    The Personally Procured Move (PPM) move allows you to be reimbursed by the government for moving your belongings yourself.
  • Moving furniture
    PCS Moves and Household Goods
    Military.com
    The government will ship your household goods when you are transferred to a new permanent duty station.
  • Car
    Vehicle Registration for Military Families
    Military.com|
    Military families have a long checklist of things to do when going through a PCS move. One of those tasks is vehicle registration.

Contributor

USAA, a diversified financial services organization, is the leading provider of competitively priced financial planning, insurance, investments, and banking products to members of the U.S. military and their eligible families. Rated among the highest among financial services companies for customer advocacy in a Forrester Research survey, USAA provides convenient and accessible financial products to its more than 9 million members. For more information about USAA, or to learn more about membership, visit usaa.com

Prepare Your Finances for a PCS

Air Force PCS

As a member of the military, it's not a matter of if, but when, you'll be ordered to make a permanent change of station, or PCS.

Of the many things you'll need to do to prepare, getting your finances in order should be near the top of the list. You don't want to find yourself in a financial hole when you get to your new home.

Here are some suggestions for preparing your finances for the inevitable:

  • Build a PCS fund. Start saving before you receive orders to move. This money will cover upfront costs such as travel expenditures and unreimbursed expenses such as utility deposits. As a rule of thumb, you should stash 5 percent of your gross income in an emergency fund and earmark $1,000 to $3,000 of that for your PCS fund. If you're not already doing so, start saving money today to ensure you'll be ready when those orders arrive.
  • Know how you'll live on a single income. If you're married and your spouse is nonmilitary, it may take him or her several months to find a new job after the move. And there's no guarantee the job will pay as well as the previous one. So identify beforehand where you can cut expenses. Consider trading down to a less expensive car. Rent rather than buy, at least until things settle down and you know where you stand financially.
  • Make a fresh financial start. Use the move to get your financial house in order. If you don't already have a budget, now's the time to start one. If you do, take time to review it and make necessary changes. Maybe it's time to start saving for your children's education or to pay down debt. The good news is you don't have to do this by yourself. Contact the financial counselors found at most military installations. They'll help you to develop a budget so you can better manage your money and meet your financial goals.

Related Topics

PCS Personal Finances

Military News App by Military.com

Download the new Military.com News App for Android on Google Play or for Apple devices on iTunes!

Featured VA Loan Articles

  • VA Loan Closing Costs: An Added Benefit
    Besides the advantage of requiring no down payment for qualified VA borrowers, there's also a distinct advantage for the borrow...
  • White suburban home.
    IRRRL Facts for Veterans
    Military.com
    IRRRL stands for Interest Rate Reduction Refinancing Loan,also known as a "Streamline" or a "VA to VA" loan.
  • US Map Showing High Cost Counties
    VA Loan Limits for High-Cost Counties 2017
    Military.com
    The VA loan limit for 2017 is $424,100. But it could actually be substantially more if you buy a home in a high-cost county. Se...
  • Get the FAQs on VA Home Loans
    We've answered 16 of the most frequently asked VA Loan Benefit questions. View them now to get a quick understanding of your be...
  • Top 3 VA Home Loan Tips
    There are numerous advantages to having a VA mortgage. A VA mortgage loan can be guaranteed with no money down, in some cases u...
© 2016 Military Advantage