Deployment Guide
For Families of Deploying Soldiers

Family Deployment Checklist | Your Finances | Handling Emergencies | Home Security
Family Readiness Groups | Separation | Reunion

Print out this page or click below to download the Family Budget Worksheet: (Requires Adobe Acrobat Reader) Family Budget Worksheet

HOUSEHOLD FINANCES/BUDGET

CHECK TO BANK: Open a JOINT checking account if you do not already have one. Then go to your PAC and fill out paperwork which will send your paycheck directly to the bank. This is the easiest, fastest, and safest, way to get your money. All married Soldiers are strongly recommended to have a joint checking account with their spouses.

CREDIT CARDS: Keep plastic money to a minimum. It gives you a false sense of wealth where there really isn't any money.

ALLOTMENTS: This guarantees that a certain amount of money will always be deposited in your account. If you have to take casual pay for any reason, such as emergency leave, your allotment will still be secure. This eliminates a surprise shortfall in money to your Family.

INSURANCE: Review current life insurance coverage to ensure that policies, other than SGLI, do not contain a war clause. This ensures that beneficiaries for all policies are correct and that premiums are covered during the sponsor's absence.

 
BUDGET/FINANCIAL COUNSELING: Contact the Army Community Service (ACS) in your Community for assistance in working out a budget.

1. ENTITLEMENTS:		2. COLLECTION:
Base Pay:		Federal Tax:
BAQ:		FICA:
BAS:		Medicare:
VHA:		SGLI:
COLA:		Debt to Gvt.:
Clothing Allow:		Other:
Spouse Income:		Other:
Other Income:		Other:
GROSS INCOME:		TOTAL COLLECTIONS:

3. NET INCOME:		4. EXPENSES: (See Section 6)
Gross Income:		Monthly Living Expenses:
Total Collections:		Annual Expenses by Month:
Other Deductions:		Installment Debt:
NET INCOME:		Total Monthly Expenses:

5. MONTHLY BALANCE SHEET

Net Income (Section 3)
Monthly Expenses (Section 4)
Remainder (Plus or Minus)

6. MONTHLY LIVING EXPENSES

a. Housing
Rent/Mortgage (incl. Taxes/insurance)
Utilities (Elec./Gas/Water/Sewer)
Telephone
Cable TV
b. Food
Food/Household Supplies
Food/other (i.e., lunches/dinners out)
c. Car
Gas/Oil
Car Payments
Other (maintenance, etc.)
d. Personal
Hair Care (Barber/ Beauty shop)
Toiletries
Cigarettes/Tobacco
e. Clothing
Family
Laundry/Dry Cleaning
f. Other
Books/Newspapers/Magazines
Donations
Life Insurance
Club/Recreational Activities
Baby Sitters
Child Support/Alimony
Other
g. Annual
Auto Insurance (Divide by 12)
License Plates (Divide by 12)
Other (Divide by 12)
h. TOTAL MONTHLY EXPENSES

Family Deployment Checklist | Your Finances | Handling Emergencies | Home Security
Family Readiness Groups | Separation | Reunion