Family Preparedness Finances
Experience with previous deployments and separations indicate some spouses
are financially unprepared for their spouses’ departure. The
following information can help assist spouses overcome many financial
obstacles during deployments.
CHECK TO BANK
Open a joint checking account. Due to regulations everyone is to have
direct deposit to a financial institution. This is the easiest, fastest
and safest way to get to your money. If you desire, allotments can be
made to various financial institutions for the purpose of paying bill.
Contact your local unit for allotment forms. It is strongly recommended
that all married service members have a joint checking account with their
spouse for easy access to family funds.
Single soldiers, should have a joint checking account
with mom or dad or someone that is well trusted so that bills may be
paid while the soldier
ELIMINATE CREDIT CARDS
Keep plastic money to a minimum. It gives you a false sense of wealth
where there really isn’t any money.
Service members single or married should provide their spouse or family
members with a special power of attorney to obtain copies of Leave and
Earnings Statements (LES) and enable them to deposit or cash checks.
The special Power of Attorney can be obtained at the military legal assistance
office. Spouses and family members should understand how to read the
LES. Family members should be aware that under some circumstances BAS
pay is terminated because soldiers receive their meals at no cost while
deployed. Spouses and family members are encouraged to utilize the support
of the Consumer Credit Counseling Service if financial assistance is
FINANCIAL AID PROGRAMS
Army Emergency Relief (AER) provides loans and grants under emergency
conditions. Guard’s members must be on orders 30 days or more to
Download the Family Preparedness Finances Form