Personal Financial Management

Flashcard maker : Lily Taylor
What is Goal Setting
Creating personal long term or short term goals. A well written goal is a SMART goal. Specific, Measurable, Action-oriented, Realistic, and Timely.
What is My Pay
An automated system that puts you in control of your pay account. Allows quick and easy access 24 hours a day. You can change or review current information or view past statements. You may also buy savings bonds and enroll in Thrift savings plans.
What is an LES
Leave and Earning Statement is a monthly statement showing all pay charges and information for the month including entitlements (pay and allowance), deductions and allotments, and pay related remarks
What is DDS and what is required before leaving for Basic Training?
Direct deposit system. All members are required to participate in DDS. Failure to do so my subject you to administrative or disciplinary action. Bring a completed direct deposit form with you to RTC.
Why is maintaining good credit important
Maintaining good credit is important because not only does it impact your financial health, allowing for lower interest percents and more money to be borrowed for expenses such as house or vehicle. It is also important for your employment / security clearance.

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