Evaluating Your Current Situation - Getting Started

Introduction to Personal Finance

An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families.

EVALUATING YOUR CURRENT SITUATION

1.	Getting Started
	1.1	Determine Your Net Worth
	1.2	Determine Your Net Income
	1.3	Military Pay and Your Leave and Earnings Statement (LES)
	1.4	Veterans Eligibility and Benefits
	1.5	Basic Allowance for Housing (BAH)
	1.6	Clothing Allowance
	1.7	Learning Check

1. Evaluating Your Current Situation – Getting Started

Knowing where you stand today in terms of your finances is
the first step in developing any financial plan.
Worksheet 1: “How Much Are You Worth?” is designed
to give you a “snapshot” of your current financial situation.
The worksheet will help you determine your net
worth (your assets

minus your liabilities) and what resources you can apply to meet

your goals.

Right-click on the hyperlink and choose “save target as…” to download

in this course, including Worksheet 1: “How Much Are You

Worth?”