TRAINEE GUIDE - Recruit Training Command - The US Navy

TRAINEE GUIDE A-950-0001
OUTLINE SHEET 2-01-1 (continued)
(2) Savings Goals
10. Account Management
(a) Short Term-save $500 within 3-6 months
(b) Secondary or Long Term Goal- save an amount equal to 3
times your monthly expenses
a. Check with your bank or credit union each payday to verify the
amount of your deposit either online or by phone.
b. Record that amount in your register
(1) In the beginning your amounts may be irregular due to your
pay date and processing of your DDS paperwork.
(a) Your pay will normalize after a month or two
c. Remember when you write a check that is your promise to pay.
Always ensure there are sufficient funds to cover that check.
Don’t wait for it to clear before writing it down in your
register and subtracting from your available funds.
d. Paying Bills
(1) Contact your creditors if payment will be late because of
enlistment in the Navy
(2) Bills can be paid by:
(a) Personal check or electronically
1 Ensure you have sufficient funds in your account
2 Your checks and debit cards will be issued to you
in a couple of weeks by the representative you
select today
(b) Money Orders
(3) Later as part of your military training, you will receive
instruction on how to write checks, maintain a checkbook
register and checking account reconciliation.
(4) While at Recruit Training Command and your follow-on
command, you have access to a Command Financial Specialist
that can assist you with basic checking account management.
11. What to look for in a financial institution
a. Choose a financial institution that has a location that will
be convenient for you
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