Edition of August 6, 2013

11 Days of Furlough:a $ Planning Calendar

“plan your use of available time and money”

a presentation from Army Community Service (ACS) of

USAG Rock Island Arsenal

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“Uncle Jon” Cook• Survivor Outreach Services – Financial Counselor• Financial Readiness Program

• Personal Financial Management (PFM) Specialist

• Accredited Financial Counselor (AFC) from AFCPE

• Army Emergency Relief (AER)• Notary Public

• Employment Readiness Program • Military Spouse Employment Program (MSEP) • (Former) Professional in Human Resources (PHR) &

(Former) Certified Workforce Development Professional (CWDP)

(309) 782 - 0815 1 – 877 – 882 – 0523

jon.c.cook.civ @ mail. mil

www. riamwr. com / acs / financial-readiness

Bottom Line Up Front (BLUF)

Prioritize expenses with each of your 4 reduced pay checks.

Purposes

To enable DoD Civilian Employees to:

• Plan their use of available time.

• Consider the personal financial management aspects of the furlough.

• Note how the dates, days and months are arranged.

Scope and Limitations

• Assumes that DoD proceeds and continues with a 11 day furlough starting the week of July 8, 2013.

• Each organization and employee is impacted differently.

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www. military saves. org

Ready Army is the Army’s proactive campaign to increase the resilience of the Army community and enhance the readiness of the force …

http://readyarmy.ria.army.mil

By the Numbers #

6 furlough days

6 week spread

4 pay periods and paychecks impacted

1st paycheck -10%

2nd & 3rd paychecks -20%

4th paycheck -10%

3 months impacted (July – September)

Sun Mon Tue Wed Thur Fri Sat

1 2 3 4 5 6

7 Furloughs Begin

8WK #1

9 10 11Pay Day 0

12 13

14 15WK #2

16 17 18 19LES 1

20

21 22 WK #3

23 24 25Pay Day 1

26 27

28 29WK #4

30 31

July 2013

July 25 - #1First reduced pay check: 1 furlough day = -10%

July 11Last full paycheck;

Last chance to save!

The “Little 10%” Shock

Sun Mon Tue Wed Thur Fri Sat

WK #41 2

LES 23

4 5WK #5

6 7 8Pay Day 2

9 10

11 12WK #6

13 14 15 16Last

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18 19 Back to Work!

20 21 22Pay Day 3

23 24

25 26 27 28 29 30 31

August 2013August 8 - #2

Second reduced pay check: 2 furlough days = -20%

Pay days 2 & 3 = -20%

The “Big 20%” Shock

Sun Mon Tue Wed Thur Fri Sat

1 2 3 4 5Pay Day 4

6 7

8 9 10 11 12 13 14

15 16 17 18 19Pay Day 5

20 21

22 23 24 25 26 27 28

29 30 End of FY 13

September 2013SEP 5 - #4

Last reduced pay checkPay day #4 = - 10 %

SEP 19 - #5 Full pay check

MS Excel Spreadsheets and Worksheets

Money Allocation Plan ($ MAP) [budget] in Weekly Bands

www.riamwr.com/acs/financial-readiness/

(309) 782 – 0815 jon.c.cook.civ @ mail. mil