Budget dave ramsey12/3/2023 "It makes me feel better about the future and safer today. "It is a great feeling to get out of debt and work towards a point where you can start saving or investing money," said Tagg. I have a lot of peace of mind because of the work that we do in regards to finances." As we plan for the future, it helps me to feel free. "We have regular meetings and update our financial planning worksheet. "My wife and I help keep each other on track," said Garciacantu. They should also choose someone they trust as an accountability partner. "They think they will handle tomorrow's problems when they get there."Īfter Sailors create a budget, they should revisit and update it regularly. "Young Sailors have difficulty living within their means and looking past the choice right in front of them," said Tagg. It takes a lot of self-control to make the right choices every day. Tagg said that the small choices that Sailors make each day can snowball into big problems. Tracking money flow is an important part of budgeting, but so is sticking to it. "Budgeting allows you to see where your money is, where it is going, and what you can do with it." "It can be hard to make the right decision when you haven't budgeted," said Garciacantu. Sailors may know how much money they have, or they may make a purchase they can't afford because of peer pressure. Garciacantu said that one technique that he learned was to be more self-aware when making financial decisions. I applied these techniques, and they have helped me in my life." I also learned about financial techniques that helped me budget and save money. "I learned about resources that I did not know that Sailors have. "I thought I was very knowledgeable when it came to personal finance, but then I went to the command financial specialist course and it opened my eyes," said Logistics Specialist 1st Class Mario Garciacantu, from Houston, the CFS for training department aboard Nimitz. Navy commands offer CFS training courses to senior Sailors to teach them skills that will help junior Sailors. Paying minimums on credit cards means that it will take a long time to pay them off." "In those situations, they end up putting a lot of money on credit cards and struggle to make minimum payments. "Sailors get caught up in a bad situation, like their car breaks down or they need a repair, and think that they may not have a choice," said Tagg. A lot of junior Sailors aren't aware of the dangers of high interest rates and how they impact paying off debt. Tagg said that the biggest issues that Sailors come to him with are bad auto loans and credit card debt. "I basically see if I am working damage control or working towards a goal." "Sailors come to me if they are recommended by their immediate chain of command if they have a problem, or they are just working on a goal," said Chief Aviation Electronics Technician Michael Tagg, from Gainesville, Florida, the command financial specialist (CFS) aboard the aircraft carrier USS Nimitz (CVN 68). The Navy provides resources to teach them how to handle their money and avoid going into debt. If I can control the guy in the mirror, I can be skinny and rich."īudgeting can be hard for Sailors who do not have training with handling finances. Most of us know what to do, but we just don't do it. "What to do isn't the problem doing it is. "Winning at money is 80 percent behavior and 20 percent head knowledge," said financial advisor Dave Ramsey in his book The Total Money Makeover.
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