National Guard Family Program
Soldier with child riding piggyback Introduction to Personal Finance
An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families.
 

Introduction

Evaluating Your Situation

Budgeting & Debt Management

Goals & Plans

Insurance & Disability Planning

Investment Planning

Education Planning

Retirement Planning

Estate Planning

 

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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

 

1.6 Clothing Allowance

Officers receive a one-time payment after commissioning to buy clothing. They do not receive any allowances to maintain their uniforms.

Enlisted members are issued the standard wardrobe when they enter active duty. They get a clothing-replacement allowance on their anniversary month. The replacement allowance is paid at the “basic” rate for members with less than three years of service, and at the “standard” rate for members with three or more years of service. There are three types of clothing allowances that cover both initial allowances and replacement requirements: 

Soldier coming out of tent with bags on his hands
  • Initial Clothing Allowances
  • Cash Clothing Replacement Allowances
  • Supplementary Clothing Allowances (as authorized by individual services)

More information about Clothing Allowances can be found at: http://www.military.com/Resources/ResourceFileView?file=Pay_Clothing.htm.

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