May Day Money Mantras

Spring has finally arrived and Summer is just around the corner. Time to get your head out of the sand and take a good look at your finances. If you don’t like what you see, then we can help you take control of your money and get MoneyFit for the future.

 

Know where your money is going

If you’ve got no idea, then get cracking with out Budget Planner. Put in your income and all the things you spend money on – regular and ad hoc and it will do the sums for you.

You might be shocked at how much you’re frittering away on unnecessary expenses.

If you need to cut back on booze, takeaways, TV subscriptions or going out – that’s your decision. You decide what you can do without.

Cutting out the small things can make a big difference!

Set yourself a savings goal

Saving up for your own home, getting married, having a baby or even buying a new sofa – once you’ve set your goal, it’s much easier to stay focussed and put away a little each month to reach it.

Use one of our GoalSavers or the HomeFinder to get you on the right track.

You know the saying ‘look after the pennies…..’ .

Have a long term plan

Where do you plan to be in 3, 5 or 10 years’ time? How long do you plan to stay in the Armed Forces? You've got a good salary, non-contributory pension and the opportunity to improve your skills and earning potential. You’ve also got accommodation and facilities that are cheaper than on civvy street.

Take advantage of this and save more so that when you come to leave you’ll be able to cope with the extra expenses. You can save directly from your pay before you receive it into a credit union or you can set up a standing order to pay a set amount into a savings account each month.

Plan for your departure

Engage with the resettlement process at least a year before your departure date, or as soon as you know you’re leaving. Your chain of command knows the process and can help you, as does your local resettlement centre.

There are briefings on housing options, careers, entitlements and where and how to access local services on civvy street. Finding a GP, dentist and local schools can be difficult if you don’t know where to start

More information

Get on top of your finances
Buying a home
Life and family
Leaving Service

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