The 2018 Military Family Lifestyle Survey results were just released, and I’m excited. This might highlight my nerdiness, but I want to know what’s top of mind for our active military, their spouses and our veterans.
One stat continues to baffle me: 31% of military families experienced over $1,000 in unreimbursed expenses during their last military move. I think this is a trend we can reverse.
Remember that a Permanent Change of Station (PCS) is not an emergency; it is a normal part of military life. In fact, my wife and I always looked forward to our next PCS. We enjoyed moving, as it provided an opportunity to visit new places. My personal opinion is that I could have done without a short stint in Alamogordo, New Mexico, but you must take the good with the well … you know. Here are three easy steps you can take now to plan for your next PCS.
Step 1: Start a PCS fund.
USAA believes servicemembers need an extra $1,000 for a domestic PCS and $3,000 for an OCONUS PCS. This extra money covers expenses like auto repairs, boat shipment, and pet travel fees. Plan for these expenses ahead of time to avoid resorting to credit cards or your emergency fund.
Step 2: Avoid common PCS mistakes.
Step 3: Use the Do-It-Yourself Move (DITY) and Dislocation Allowance (DLA) to your advantage.
Believe it or not, I made money in each of my five military moves. Here’s how:
Hopefully these tips will help you break even on your PCS and maybe even save a bit of money. What do you do if you save money? Put it toward your emergency fund. If that is already fully funded, save it for the next PCS. Happy Packing
*All images licensed from Shutterstock
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